Liminal’s Two Product Lines

Liminal’s Two Product Lines

Liminal offers two complementary ways to access delta-neutral yield, both available at any time depending on your needs and custody preferences.

1. Liminal Customized

Liminal Customized is the original product line, designed for users who want maximum control, transparency, and customization.

Each user runs their strategy in a segregated account, ensuring that positions remain fully isolated and independently managed.

Users can put each asset into a delta-neutral position and choose the leverage they want to apply, effectively choosing the degree of capital allocated toward capturing funding yield on specific perpetual markets.

Execution and rebalancing are handled automatically by Liminal, while each strategy operates independently on Hyperliquid infrastructure.

Two custody modes are available:

• Regular Mode: Liminal manages a linked account (EOA) on your behalf. Keys are encrypted and operated within secure enclaves, never exposed or shared.

• Self-Custody Mode: For institutions or advanced users, Liminal executes trades directly on your Hyperliquid subaccount using the native Agent system. Liminal has no withdrawal access, keeping full ownership in your hands.

This setup combines institutional-grade infrastructure with a fully transparent and verifiable on-chain architecture.

2. Liminal Tokenized (xTokens)

Liminal Tokenized, or xTokens, represents the next evolution of delta-neutral yield, packaging Liminal’s strategies into pooled, omnichain tokens designed for seamless use across DeFi.

For example, xHYPE represents a pooled delta-neutral strategy on $HYPE, xBTC on $BTC, and so on.

By depositing stablecoins, users mint xTokens that automatically accrue in value as funding yield is captured.

Each vault aggregates all user deposits into a single institutional-grade delta-neutral strategy running directly on Hyperliquid. This pooled design improves execution efficiency, reduces costs, and increases net yield reflected in each xToken’s on-chain value.

As tokens with omnichain support, xTokens are:

• Portable and composable: transferable across HyperEVM and other EVM chains via a hub-and-spoke architecture (LayerZero-powered),

• DeFi-ready: usable as collateral, tradable on AMMs, and integrable across protocols,

• Frictionless: no setup required, no account management, instant yield exposure.

This product line makes delta-neutral yield accessible through a simple, token-based interface, combining on-chain transparency, cross-chain mobility, and DeFi-native liquidity.

In Summary

• Choose Customized for maximum control, tailored strategies, and self-custody optionality.

• Choose Tokenized for portability, capital efficiency, scalability, and seamless DeFi integration.

Both product lines rely on the same foundation, automated, funding-based delta-neutral strategies on Hyperliquid, but serve different user profiles and needs.