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How it actually works

Deposits and withdrawals

A personal deposit address per user, swept into the exchange on HyperCore.

Same as Papertrade:

  • Each user has a deposit address derived with CREATE2 from their wallet address, so it can be predicted before it is deployed.
  • USDC from Hyperliquid, HyperEVM (through CoreDepositWallet), Ethereum, Arbitrum and Solana (through Circle CCTP), lands on the HyperCore side of that address.
  • The sweeper moves it into the Exchange with the CoreWriter precompile and credits the user once it clears. Minimum 10 USDC. A first deposit pays a one-time 1 USDC activation fee.
  • Withdrawals need the user's wallet signature and go to the user's HyperCore account, or onward to another chain.