Hyperliquid’s market‑maker vault has been a closed circuit, but @Hyperwavefi's hwHLP now utilizes LayerZero to connect to Ethereum, and we’re pairing it with USDT in a new pool on Bunni (built on top of Uniswap v4). LPs get @HyperliquidX exchange fees on Ethereum Mainnet while stacking 4 additional forms of yield as well, including idle USDT earning lending fees from @EulerFinance's USDT Prime Market.

Why care? hwHLP packages fees + liquidation PnL from Hyperliquid into a liquid token that drifts upward in value. Think of it as “exchange revenue, tokenized.” Now anyone can farm that yield without leaving Ethereum.

But bridging the token is just Act I. Act II is stacking five income streams in one LP position: 1️⃣ Bunni DEX swap fees 2️⃣ HLP vault yield inside hwHLP 3️⃣ oBUNNI incentives (BRC‑004) 4️⃣ Hyperwave points for early liquidity 5️⃣ Bunni’s rehypothecation of idle USDT The pool pairs hwHLP (~$1, slow upward drift) against USDT. Low price variance ⇒ minimal impermanent loss. You earn like a stable‑pair farmer but collect upside from five sources instead of one.

oBUNNI can be exercised and locked for veBUNNI and governance rights. Hyperwave points track your contribution for future drops. Rehypothecation sends idle USDT to work behind the scenes, boosting base APY even further.

Result: a capital‑efficient flywheel. Liquidity deepens → hwHLP peg tightens → more volume on Bunni → higher fees → bigger hwHLP LP value → Liquidity deepens. All reinforcing your stack. Your liquidity does more on Bunni.

Disclaimer: This is not investment advice. Yields are variable and depend on market conditions, smart‑contract risk, and protocol governance. Do your own research.