Farming Strategies

Graded, step-by-step farming plays across the Hyperliquid ecosystem — with transparent EV/ROI math and an honest +EV / −EV verdict on each. We flag the traps (already-TGE'd tokens, fee drag, dead windows) instead of selling hype.

How we grade

SExceptional risk-adjusted return, high conviction, open window
AStrong +EV — worthwhile for most, manageable risk
BSolid but conditional (e.g. maker-only, or yield carries the thesis)
CSpeculative or marginal — only +EV under specific discipline
DAvoid — −EV or the window has closed

Avoid right now — closed windows & traps

HypurrFi WINDING DOWN — brand shutting down, Euler takes over, points discontinued, legacy markets close July 15 2026. TVL collapsed ~$200M→$9M. Not a live farm.
Lighter $LIT TGE'd Dec 30 2025 (25% airdrop, no vesting). The genesis farm is done; 50% of supply is community-reserved so future seasons are possible but unannounced — not an open window today.
Paradex $DIME TGE'd Mar 5 2026. XP seasons continue, but there's no confirmation they convert to more token — you'd be farming on spec with the token already liquid.
HyperLend $HPL TGE'd Jan 20 2026; the main points program has ended. Farming window effectively closed.
Project X tokenomics Real #1 HyperEVM DEX, but tokenomics claims are contradictory across unofficial sources and a FAKE PRJX honeypot trades on DEX Screener. Only farm via hedged HYPE LP you'd hold anyway.

Not financial advice. Airdrops are never guaranteed; pull live TVL, funding and APY before committing capital. Most plays are only +EV when run delta-neutral / maker-side — read each strategy's edge note.