Access model & evolution

Liminal is open to everyone. After a series of invite-only stages, the protocol has transitioned to full public access, any user can now deposit, refer, and earn, marking the next step toward scalable and permissionless growth. This shift takes Liminal from an early gated phase to an open model where users who contribute to the ecosystem’s growth are fairly rewarded.

Epoch 2 (Current Phase)

• Introducing our Tokenized Delta-Neutral strategies: xTokens

• Liminal expands from HyperCore to HyperEVM.

• Invite your friends and earn up to 30% of the fees they pay

• TVL caps are dynamically adjusted, per asset

Access History

Liminal adopted a staged rollout approach, gradually releasing the product, gathering user feedback, iterating on features, and stress-testing the system in live markets to ensure reliability

Genesis Stage (Completed)

• 50 initial handpicked users

• TVL cap: $100,000

• Max deposit: $5,000

• No performance fees

Echo Stage (Completed)

• Introduced Liminal’s Self-Custody solution

• TVL cap: $500,000

• Max deposit: $25,000

• Invite system:

  • Genesis users: 1 base invite + 1 per $2,500 deposited (up to 5)

  • Echo users: 1 invite per $2,500 deposited (up to 2)

• Echo Stage Extension raised the TVL cap to $1,000,000.

Core Stage (Completed)

• Introduced Liminal Customized product using Unit assets ($uBTC, $uETH, $uFARTCOIN, …)

• TVL cap: $5,000,000

• Max balance per user: $200,000

• Invite system expanded:

  • Genesis: up to 15 invites

  • Echo: up to 10 invites

  • Core: up to 5 invites

• Core Stage Extension raised the TVL cap to $20,000,000.

Epoch-Based Transition

Epoch 0 (Completed)

• Introduced Leverage Customization, improving capital efficiency

• Transition phase from fixed stages to dynamic scaling

• Invite-only system retained

• Dynamic per-asset TVL caps introduced

• Max balance per user: $1,000,000

Epoch 1 (Completed)

• Open access for all, no invite required

• Introducing Liminal’s Referral Program

• Same TVL logic as Epoch 0 (dynamic, asset-specific)

• Max balance per user: $1,000,000

• Referrals powered by performance and builder fees.