DeFi Token Perpetuals
Trade UNI, AAVE, MKR, CRV, COMP, SNX, LDO and other DeFi-token perpetuals.
DeFi tokens give holders governance rights and (sometimes) cash flows from the protocols they govern. Hyperliquid offers perpetuals on the largest DeFi names — Uniswap, Aave, MakerDAO, Curve, Synthetix, Compound, Lido — letting you trade DeFi narratives without holding the underlying.
All defi perpetuals on Hyperliquid
 Aave AAVE | $96.26 | -0.41% | $8.9M | +0.0013% | 10x | Trade |
 Curve CRV | $0.26989 | -3.01% | $7.3M | +0.0013% | 10x | Trade |
 Uniswap UNI | $3.63 | -3.59% | $2.1M | +0.0013% | 10x | Trade |
 Lido LDO | $0.39063 | -1.86% | $1.0M | +0.0013% | 5x | Trade |
 Compound COMP | $22.79 | -2.68% | $142k | -0.0067% | 5x | Trade |
 Synthetix SNX | $0.33203 | -3.78% | $103k | +0.0011% | 3x | Trade |
How defi perpetuals work
When you open a perpetual position you don't take delivery of the underlying asset. You're posting margin against a contract whose price tracks the underlying. Profits and losses are settled in USDC on Hyperliquid as the price moves.
Hyperliquid runs a fully on-chain order book with sub-second matching. Every trade, fill, and funding payment is verifiable on the Hyperliquid L1 chain. There are no off-chain matching engines, no withdrawal queues, and no custodian holding your funds.
Liquidiction routes orders through Hyperliquid as a builder code, which means you sign trades from your own wallet and Hyperliquid charges a small builder fee on close. Funding is paid hourly. Liquidations occur if your margin falls below the maintenance threshold.