# Introduction The Tokenized product line is Liminal’s cross-chain, pooled approach to delta-neutral yield on Hyperliquid. It is built around two complementary layers: xTokens, which capture yield from a single market or source, and limUSD, which aggregates yield across multiple sources at the portfolio level. ### xTokens, Asset-Level Yield xTokens are omnichain OFT tokens that each represent a share in a pooled delta-neutral strategy for a specific market or yield source. Instead of each user running their own strategy, capital is aggregated into one institutional-grade strategy per market. Users deposit stablecoins and receive yield-bearing xTokens in return. As the underlying strategy earns structural yield, from funding rates, lending rates, or staking rewards depending on the xToken, each xToken automatically increases in value over time. Each xToken captures yield from a specific structural source on Hyperliquid: * $xHYPE → delta-neutral strategy on $HYPE * $xBTC → delta-neutral strategy on $BTC * $xLEND → delta-neutral lending yield from on-chain money market rates * …and more as new markets are added. ### limUSD, Portfolio-Level Yield While xTokens give exposure to a single yield source, limUSD sits one level above: it dynamically allocates across multiple xTokens and money market strategies to maximize risk-adjusted USD yield. Depositors mint limUSD with stablecoins and receive a single token whose value grows as the underlying portfolio earns. Allocation decisions are managed by Liminal, so holders benefit from diversified yield without needing to rebalance between strategies themselves. For a full breakdown, see the dedicated *limUSD* page. ### Natively Cross-Chain Thanks to a hub-and-spoke architecture powered by LayerZero, all Tokenized products, xTokens and limUSD alike, are natively cross-chain: * Users can mint by depositing stablecoins from any supported chain (HyperEVM, Arbitrum, Ethereum, etc.), or directly from their Hyperliquid balance. * They receive an OFT token on the chain of their choice, while the strategy itself is managed on Hypercore/HyperEVM. * Tokens can move freely between supported chains, so users can mint on one chain, bridge, and use them on another. Because they are omnichain OFTs, all Tokenized products are: * Liquid: easy to trade or exit. * Transferable: move between wallets and chains. * Composable: plug directly into DeFi primitives (collateral, liquidity pools, lending markets, yield derivatives, and more). In short, the Tokenized line turns Liminal’s delta-neutral yield strategies on Hyperliquid into cross-chain, plug-and-play yield primitives, from single-market exposure with xTokens to diversified, hands-off USD yield with limUSD, that can be held passively or actively integrated into DeFi across multiple ecosystems. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.liminal.money/tokenized/intro.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.