Architecture

Liminal is built on top of Hyperliquid’s high-performance trading infrastructure. It leverages native execution layers and real-time market data to deliver automated, delta-neutral yield strategies that are fast, efficient, and designed with user custody in mind.

Liminal does not currently rely on smart contracts or the HyperEVM. Its operations are fully integrated with HyperCore, the core execution layer of Hyperliquid.

Core Infrastructure

Liminal is powered by two main components of the Hyperliquid protocol:

1. HyperCore (Execution Layer)

HyperCore enables high-frequency, low-latency onchain execution. Liminal uses it to:

• Open and manage spot and perp positions in real time

• Adjust exposure dynamically based on funding rates and price movements

• Rebalance and prevent liquidation through margin-aware trade execution

This infrastructure is the foundation of Liminal’s speed and reliability.

2. Hyperliquid Spot and Perpetual Markets

Liminal's delta-neutral strategies rely on Hyperliquid's deep and responsive markets:

• Spot market: for long exposure in assets like HYPE/USDC

• Perpetual futures market: for short exposure to hedge positions

Hyperliquid’s low-latency matching engine and deep liquidity make it ideal for executing advanced trading strategies at scale.

Strategy Engine

At the heart of Liminal is an automated strategy engine that:

• Monitors funding rates across supported assets

• Opens delta-neutral positions based on user deposits

• Rebalances positions continuously as markets evolve

• Automatically compounds earned yield over time

The engine integrates directly with HyperCore to ensure fast and precise trade execution without user intervention.

Liquidity Engine

Liminal includes a dedicated Liquidity Engine responsible for:

• Dynamically adjusting leverage and collateral margins

• Maintaining a balance between spot and perp exposure

• Preventing liquidation through proactive risk management

This system is designed for continuous operation and reduces the need for manual oversight, offering high resilience even in volatile conditions.

Custody and Security

Liminal uses distinct custody models depending on the user profile:

• For regular users, strategies are executed using externally owned accounts (EOAs) managed by Liminal. All signature operations are executed within an off-internet enclave, and private keys are encrypted at rest using AES-256 to ensure maximum security.

• For institutional users, Liminal leverages Hyperliquid’s native Agent system. This setup allows Liminal to execute trades directly on institutional accounts or sub-accounts, without having the ability to withdraw funds. Institutions retain full custody of their assets at all times.

Withdrawals are available at any moment, subject only to strategy-aware execution conditions. Liminal never has withdrawal rights over user funds, and execution permissions are scoped strictly to trading.

Monitoring and User Interface

Liminal provides two interface modes:

• Standard Mode: A simple dashboard showing deposits, yield earned, and net performance

• Pro Mode: Advanced tools including real-time charts, detailed funding data, and historical performance analytics

All performance data and strategy details are updated in real time using native Hyperliquid data feeds.

Summary

Liminal’s architecture combines:

• High-frequency trading infrastructure from Hyperliquid

• Fully automated delta-neutral strategy execution

• Custody models adapted for both individual and institutional users

• Institutional-grade liquidity management

• Real-time user interfaces and performance monitoring

Liminal does not currently use smart contracts. In the future, integration with HyperEVM may be introduced through precompiles, enabling modular governance and onchain configuration layers.