What is Hypers.fun?

Hypers.fun enables anyone to launch a tokenized fund in one click and free.

Verified Contracts

All smart contracts have been verified on HyperEVMScan.

Production Addresses

Contract	Type	Address
HyperFunFactory	Proxy	0xeE7dB1582e46c054792AdD4bb52b8D4D6ab45555
HyperFunFactory	Implementation	0xD52004ecD92D8004731BdB3758Cef51A808d2a57
HyperFunToken	Implementation	0xFa0A82a463F1501b86aaf415c1A1638ff7B0db7f
HyperFunTrading	Implementation	0x6086d078a06c4080113698E8548a53A7fdeeF364

How it works

For Leaders (Fund Creators)

You're a trader with alpha.

You want others to follow your trades.

Here's what you do:

1. Create a fund — Set your fund name, token symbol, and performance fee

2. Attract followers — Share your fund and build your track record

3. Trade — Execute trades on Hyperliquid perpetuals

4. Earn — Collect performance fees when your followers profit

For Followers (Investors)

You want exposure to a trader's performance without copying trades manually:

1. Find a fund — Browse funds by performance, TVL, or strategy

2. Buy tokens — Deposit USDC and receive fund tokens

3. Sit back — Your tokens automatically reflect the fund's PnL

4. Sell anytime — Burn your tokens to withdraw USDC

The Mechanics

Action	What Happens
Buy	Your USDC enters the vault → You receive newly minted tokens
Sell	Your tokens are burned → You receive USDC from the vault

Capital Flow

Your USDC deposit
      │
      ├──► 50% stays on EVM (instant liquidity)
      │
      └──► 50% goes to Hyperliquid L1
                  │
                  └──► Leader trades perpetuals
                              │
                              └──► PnL updates NAV
                                        │
                                        └──► Your token value changes

Pricing Mechanism

How is the token price calculated?

1. NAV Anchor

The fundamental price is simply: Total Assets ÷ Total Tokens

If the fund has $100,000 in assets and 100,000 tokens, NAV = $1.00

2. Bonding Curve

A virtual AMM adjusts price based on supply and demand.

• More buyers → Price increases

• More sellers → Price decreases

• Always liquid, no LP needed

3. Dynamic Scaling

As the fund grows, the bonding curve scales proportionally.

This ensures a $10,000 buy has the same % price impact whether the fund is $100K or $10M.

All tokens are freely transferable and tradeable from day one.