Hypercall trading rewards are live.
For seven days, we are allocating $1,000 worth of HYPE a day in trading rewards: $500 for makers and $500 for takers. Your share of each pool follows your share of that day’s eligible options premium.
Why reward both sides?
Bootstrapping novel markets is hard.
We want to encourage experimentation by both makers and takers so these markets can evolve. That takes people willing to offer prices and people willing to trade at them.
Makers bring quotes. Takers bring trading activity. Both help us learn where demand exists, which contracts people want, and what makes a market useful.
We want to encourage experimentation on both sides. So we started simple: a fixed pool for makers and a fixed pool for takers, every day for seven days.
Why 50/50?
Every reward day has its own $500 maker pool and $500 taker pool.
Your daily reward = your eligible premium in that role / total eligible premium in that role × $500.
Premium is the option execution price multiplied by quantity, before fees. For example, if your trades account for 10% of the day’s eligible taker premium, you earn 10% of that day’s $500 taker pool: $50 in rewards, paid in HYPE after review. This is an illustration, not a guaranteed return.
Buying and selling both count. Each execution is assigned to your maker or taker role, and you can earn from both pools across different trades. There is no per-trader reward cap and no requirement to close a position or make a profit to qualify.
Your share can change as other eligible trades come in. The Rewards page shows estimates; final allocations follow the review.
Seven days, with a fresh allocation each day
The pilot runs from September 16, 2026 at 18:00 UTC to September 23 at 18:00 UTC. Each reward day runs from 18:00 UTC to 18:00 UTC the following day.
Daily awards add up over the week and are paid in HYPE after the pilot and review. The allocation is measured in USD; the final HYPE amount uses the conversion method in the rules. Payment is not an instant claim or a daily transfer.
Eligible options cover AAPL, BABA, BOT, BTC, ETH, META, MSFT, MU, NVDA, SNDK, SP500 and SPCX. New strikes and expiries on those underlyings qualify during the pilot. Perpetuals and trades on other venues do not.
Actual liquidation executions count under the same eligibility rules. Transfers, exercises and settlement cash flows do not earn rewards.
Trade for real
Genuine hedging is eligible. Self-trades and coordinated wash trades are excluded, including activity spread across wallets. We review the results and recalculate affected pools before payment.
This is a one-week pilot with no automatic renewal. We will use what we learn to shape what comes next.
See the full pilot rules for the daily calculation, unused-pool treatment, review and HYPE conversion.