What is Liminal?

Liminal is a delta-neutral yield protocol built on Hyperliquid Layer 1. It enables users to earn sustainable, real yield without exposure to market fluctuations. Designed for simplicity and performance, Liminal combines the power of perpetual funding rates with fully automated execution.

Deposit USDC and Earn Real Yield

By depositing USDC into Liminal, users gain exposure to automated delta-neutral strategies. These strategies combine:

• A spot long position (e.g., BTC or HYPE)

• A short position in perpetual futures of equal size

This pairing neutralizes market exposure while capturing funding payments directly from Hyperliquid’s perp markets.

There is no need to trade manually, rebalance positions, or monitor markets. Liminal handles everything in real time:

• Optimized entries

• Continuous auto-rebalancing

• Liquidation risk management

All without user intervention.

Consistent Yield Without Emissions

Liminal earns yield from actual market dynamics, not from inflationary token rewards. This means:

• No emissions or synthetic yield

• No dilution of value

• Yields are tied directly to demand for leverage on Hyperliquid

Profits are transparently shared with users. A performance fee is only applied on net positive returns.

Liquidation Protection and Custody

Liminal is built on top of Hyperliquid’s high-performance infrastructure, allowing:

• Active monitoring and adjustment of leverage

• Dynamic position management to avoid liquidation scenarios

• Continuous capital safety under changing market conditions

For regular users, the strategy operates using externally owned accounts (EOAs) that are managed and secured 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 offers a self-custody solution via Hyperliquid’s native Agent system. This enables trade execution directly on the user's account or sub-account, without ever granting Liminal access to withdraw funds. Institutions retain full control over their assets while allowing Liminal to manage strategy execution.

While the user experience is non-custodial in nature, custody mechanics differ depending on the user type.

Withdrawals remain available at all times and are never restricted by the protocol itself.

Built for Everyone

Whether you are a first-time DeFi user or part of a professional trading desk, Liminal delivers a seamless experience:

• No lockups

• No hidden fees

• No need for constant oversight

Simply deposit capital and let the protocol work for you.

Liminal is built to serve both Hyperliquid’s most active traders and passive users looking for reliable, onchain yield.