HyperWrap

The start of a secondary market for Hyperliquid positions. Introducing HyperWrap, the first platform that wraps a live Hyperliquid perp inside an NFT you can sell without closing it. The position stays open and keeps its entry, and whoever holds the NFT owns it. A sale places no order, so there is no slippage and nothing shows on the book. The ask is a percentage of live equity, read from HyperCore at the moment of sale. Every position carries a live grade from 1 to 10, so a buyer can judge it at a glance. 1% of every sale buys back $HYPERWRAP. hyperwrap.fun CA: HQjDUewrY4FQLnf35MYFzBHgSqyM8pE5r8DVi7Ms2SjV

CA live on the site too. hyperwrap.fun/

Going fo DEX.

1/ We’re bringing Hyperliquid perp positions on-chain as NFTs. Introducing HyperWrap, the first platform that wraps a live Hyperliquid position inside an NFT you can sell without closing it. 2/ Every position is one of one. It has its own entry, size, leverage and liquidation price, so a fungible token can’t carry it. An NFT hands over all of it in one piece. 3/ You can wrap a new position or one you already hold. Hyperliquid can’t move a position between accounts, so it closes in yours and the same size opens in the NFT’s own account, with the exact cost shown before you sign. 4/ Closing a large position costs the spread, the taker fee and your own price impact, in public. Selling a wrapped position places no order. It changes owner in one transaction, priced as a percentage of live equity read from HyperCore at the moment of sale. 5/ While a position is wrapped, nobody can trade it or withdraw from it, including you, so the buyer gets exactly what they saw. Unwrap it to take back the controls. An unwrapped position can’t be transferred, so nobody can drain one and sell it empty. 6/ It also works where the order ticket doesn’t. When a market hits its open-interest cap, Hyperliquid rejects new exposure, and buying a wrapped position adds none. A holder close to liquidation can sell at a discount instead of losing the margin. 7/ Every position gets a live grade from 1 to 10, so a buyer can judge it at a glance. 1% of every sale buys back $HYPERWRAP. hyperwrap.fun CA: HQjDUewrY4FQLnf35MYFzBHgSqyM8pE5r8DVi7Ms2SjV

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