🌟Overview
LiquidCore is the world's first DEX protocol to utilize Hyperliquid's HyperEVM read precompiles to replace curve based price discovery - impossible to replicate on any other blockchain.
What is LiquidCore?
Revolutionary Architecture
LiquidCore operates as a next-generation DEX protocol with breakthrough innovations:
Core Technology
HyperEVM Read Precompiles: First-ever integration of Hyperliquid's native read precompiles as price oracles
Spot Mid Price Discovery: Direct access to Hyperliquid's spot mid prices through CoreWriter precompiles
Custom Inventory Management: Purpose-built system leveraging Hyperliquid's unique architecture
Fully Autonomous Operation: Zero human intervention, bots, or active management required
Superior LP Experience
Set-and-Forget Liquidity: No range management, always earning fees
Flexible Deposits: Any token ratio - from 100% single-sided to balanced
Reduced IL Risk: Oracle-based pricing protects against manipulation-driven impermanent loss
Automatic Optimization: Dynamic fees self-adjust for optimal capital efficiency
Fee Flexibility: Choose between manual claiming or automatic compounding
Non-Transferable LP Tokens: LP tokens are locked to depositor, preventing speculation
Current Deployment
As a beta, one pool has been deployed (USDT0/WHYPE), with additional pools coming based on HyperCore liquidity and volume analysis.
Core Mechanics
Supported Trading Pair
Pool Address: 0xA7478A5ff7cB27A8008D6D90785db10223bc6087
USDT0
USDT0
0xb8ce59fc3717ada4c02eadf9682a9e934f625ebb
WHYPE
WHYPE
0x5555555555555555555555555555555555555555
Revolutionary Price Discovery
LiquidCore pioneers a breakthrough approach to price discovery using Hyperliquid's native infrastructure:
HyperEVM Read Precompiles: Direct integration with Hyperliquid's CoreWriter precompiles for spot mid price
Native Oracle Integration: First DEX protocol ever to use Hyperliquid's read precompiles as price oracles
Manipulation Protection: Spot price validated against Hyperliquid oracle price
Hyperliquid-Native: Uniquely designed for Hyperliquid's architecture, impossible on other chains
Dynamic Fee Structure
The protocol implements a sophisticated fee system that adjusts based on supply and demand:
Adaptive Fees: Fees automatically adjust based on pool balance and trading patterns
Imbalance Management: Higher fees discourage trades that worsen pool imbalance
Rebalancing Incentives: Lower fees encourage trades that improve pool balance
LP Token System
ERC20-Like Interface
LiquidCore LP tokens function like ERC20 tokens for viewing with important restrictions:
Name: Dynamically generated (e.g., "USDT0-WHYPE LP")
Symbol: Auto-generated (e.g., "USDT0-WHYPE")
Decimals: 18
Transfer Events: Standard ERC20 Transfer events for minting/burning
Non-Transferable: LP tokens cannot be transferred between addresses
Liquidity-Only: Tokens represent pool ownership, not tradeable assets
Flexible Liquidity
LiquidCore provides flexible liquidity management:
Flexible Deposits: Can deposit any combination of the two tokens
LP Token Rewards: Receive LP tokens representing your share of the pool
Proportional Withdrawals: Receive both tokens based on pool composition
Fee Collection & Compounding
Automatic Fee Accrual
Real-time Tracking: Fees accrue automatically to LP token holders
Proportional Distribution: Fees distributed based on LP token ownership
Claiming Options
Manual Claiming: Withdraw accumulated fees as tokens
Auto-Compounding: Convert fees to additional LP tokens
Flexible Timing: Claim anytime without penalties
Integration Benefits
For Traders
Consistent Liquidity: No out-of-range positions - always tradeable
Minimal Slippage: Oracle-based pricing reduces price impact
Fair Dynamic Fees: Smart fee adjustment rewards balanced trading
Manipulation Resistant: Hyperliquid oracle prevents sandwich attacks
Gas Efficient: Optimized single-transaction swaps
For Liquidity Providers
Always Active Earning: No price ranges - earn fees 24/7 without management
Zero Rebalancing: Dynamic system handles optimization automatically
Flexible Capital Deployment: Deposit any ratio from single-sided to balanced
Reduced IL Exposure: Oracle pricing minimizes impermanent loss risk
90% Fee Share: Keep majority of all trading fees (10% to protocol)
Compound or Claim: Choose manual withdrawals or automatic reinvestment
Single-Transaction Management: All operations in one gas-efficient call
Non-Transferable Tokens: LP tokens locked to depositor, focusing purely on yield generation
For Developers
Hyperliquid-Native: Built exclusively for Hyperliquid's HyperEVM environment
Read Precompile Access: First protocol to demonstrate HyperEVM read precompile integration
Simple Integration: Clean, well-documented smart contract interface
Predictable Behavior: Hyperliquid oracle-based pricing provides consistent results
Standard Compliance: ERC20-like LP tokens work with existing DeFi protocols
Pioneering Technology: Reference implementation for future HyperEVM oracle integrations
LiquidCore represents a paradigm shift in DEX design - the first protocol ever to harness Hyperliquid's HyperEVM read precompiles for oracle functionality. This revolutionary approach, enabled by CoreWriter's precompile technology, creates a new category of Hyperliquid-native DeFi protocols that were previously impossible on any other blockchain. Operating with complete autonomy through pure smart contract code, LiquidCore requires no bots, active management, or admin intervention. Additional pools will be deployed as volumes and liquidity depths on HyperCore are strategically reviewed and validated.
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