In the fast-paced world of decentralized finance (DeFi), Hyperliquid is gaining attention. It offers a high-performance decentralized perpetual exchange. Think of it as a Binance-level experience, but fully on-chain and decentralized.
Hyperliquid is built on a custom Layer 1 (L1) blockchain. This design focuses on speed and scale. It is more than just a trading platform. Hyperliquid serves as the foundation for a growing developer ecosystem. Their latest launch, Builder Codes, is pushing Web3 innovation even further, making it easier for both developers and users to build and engage with powerful decentralized tools.
Why are we bullish?
Okto shares the same vision of decentralized, secure, and scalable solutions. By using advanced technology like Hyperliquid’s, Okto provides a smooth and efficient trading experience. This helps expand what is possible in DeFi. We're excited to be part of this revolution.
Why Hyperliquid Stands Out:
Fast Transactions: With HyperBFT consensus, trades happen almost instantly. The total time from start to finish is just 0.2 seconds.
Massive Throughput: Currently handling around 100,000 orders per second, Hyperliquid’s mainnet can scale to handle millions.
Full Decentralization: All trades stay on-chain for maximum transparency and security—unlike centralized platforms.
What are Builder Codes?
Imagine you are a developer who has made a great trading tool for Hyperliquid. This could be a Telegram bot, a browser terminal, or a mobile app. Builder codes let you earn a small fee every time someone uses your tool to trade. It's like a "thank you" from Hyperliquid for contributing to their ecosystem.
A builder code is like a special tag that developers can attach to trades made through their apps. Right now, builder codes only apply to perpetual trades. A typical builder code looks like this: {"b": "0x123...abc", "f": 10} Here’s what it means:
"b": The address of the developer who made the trading tool.
"f": The fee they want to charge (in this case, 10 means 1 basis point or 0.01%).
In simpler terms, builder codes are like special coupons that app creators can use. When someone uses their app to trade on Hyperliquid, the creator earns a small reward. It's Hyperliquid's way of saying, "thanks for making cool stuff for our platform!"
For an example of how to use builder codes, check out the Python SDK here.
How Does It Work?
You create a tool: Build something awesome that helps people trade on Hyperliquid.
You get paid: When someone trades using your tool, you earn a small reward.
Hyperliquid Builder’s Code: A Win-Win Solution for All
For Developers: Opportunity to unleash your creativity by building cutting-edge solutions on top of Hyperliquid that redefine the trading experience.
For Users: Explore exciting new platforms being developed on Hyperliquid, giving you access to the latest innovations in trading technology.
It's all about rewarding those who build useful things for the community, which ultimately benefits everyone.
How Okto leverages Builder Codes
Okto is a mobile-first futures trading wallet focused on making DeFi more accessible and efficient. Built for ease of use, Okto simplifies trading and provides an unmatched trading experience on Hyperliquid’s decentralized infrastructure. As one of the first adopters of Hyperliquid’s Builder Codes, Okto empowers developers and enhances the trading experience for users.
Here's how we're using builder codes to benefit our users:
Flexible fees: We have created custom fee structures for different users and campaigns.
Transparency: All fees are on-chain, so you always know what you're paying.
Growth and incentives: We can reward specific actions and promote new features.
Campaign Details:
To encourage participation and reward DeFi users, we're running a special "Zero Fees" campaign for those using Hyperliquid's Builder Codes through Okto. Here’s how it works:
To encourage participation and reward DeFi users, we are running a special "Zero Fees" campaign. This is for those using Hyperliquid's Builder Codes through Okto. Here’s how it works:
Eligible Criteria for the Hyperliquid Builders Code "Zero Fees" Offer:
Import your Hyperliquid wallet address into Okto.
Send your funds to Okto from Hyperliquid.
Login & Deposit Methods on Okto:
Login Method 1: Import your wallet via seed phrase.
Login Method 2: Create a new wallet and transfer assets.
Deposit Method 1: Send funds directly from Hyperliquid to Okto’s perpetual account.
Deposit Method 2: External deposit from exchanges like Binance, Bybit, BitGet, etc.
Details:
100% fees rebate up to 500k of your volume!
To qualify, place your first $100k volume on Okto by 15th November. Visit okto.tech/wallet to get started.
This offer is for:
Perpetual DEX users including Hyperliquid users who can easily import their existing wallets or create a new one to get started. You can also bring in funds from Solana Network.
CEX traders starting on-chain for the first time. You can also create a wallet using your email ID!
Only trading volume up to 30th November, 2024 will be eligible.
Why This Matters for the DeFi Ecosystem:
In the world of Web3, decentralization and fairness are key principles. Builder Codes embody these values by allowing anyone to participate, creating transparency on-chain, and encouraging innovation. A win-win situation exists for developers, users, and the broader DeFi ecosystem.
Think of it like YouTube for DeFi developers. Just as creators earn revenue from their videos on YouTube, Builder Codes let DeFi developers earn from their innovations.
Conclusion:
Hyperliquid’s Builder Codes are more than a feature. They offer a new way to reward creativity and innovation in Web3.
At Okto, we are excited to help this change. We offer our users better trading tools, flexible fees, and a more rewarding experience. Whether you are an experienced developer or new to crypto, Builder Codes offer exciting new opportunities. They make DeFi easier and more rewarding for everyone.