Fully manual, not an AI-generated piece. After a few months of experience, let me explain why I chose Hyperliquid.

1. No KYC, which is super important. Truly decentralized. You don't have to worry about the shady practices of CEXs that can deliberately liquidate your position.

2. Buying US stocks is really convenient. Just like with no KYC, you don't have to worry about tax issues. Some CEXs like Binance, I remember seeing on X, are hosted in some foreign country, seems like Dubai, and they have a CRS tax agreement that will report back home. Future tax implications might come into play.

3. Low trading fees, with a 4% discount.

4. There’s also a prediction system. You can make predictions right here, trade contracts, trade spot, trade US stocks, trade indices, and even make predictions for the World Cup, etc. Pretty much every function I need is already there. Not long ago, there was a SpaceX IPO. Hyperliquid was the platform with the highest trading volume, including binance and okx.

5、Hyperliquid may have hidden airdrop activities for HYPE in the future. The previous HYPE airdrop event has ended and the next season hasn’t started yet. However, the official has updated the documentation by removing the deadline for the airdrop event, which leads many people in the community to speculate that there might be a hidden airdrop for those real users who genuinely participate in using Hyperliquid. Otherwise, there wouldn’t be a specific need to modify the documentation.

6. The trading fees you pay on Hyperliquid will be used to repurchase and burn HYPE. So if you’re going long on HYPE and you’re bullish on Hyperliquid, you should ideally trade on Hyperliquid—so you contribute some revenue to the platform, which also helps drive the HYPE buyback and burn.

Side note: I actually started with Hyena first. (Hyena is built on top of Hyperliquid’s core; the frontend pages are different, but the underlying system is interoperable with Hyperliquid.) On Hyena, using USDe as margin to open contracts comes with multiple rewards: first, you can earn the 12% annualized interest from USDe itself; second, Hyena points provide you with a USDe airdrop every week; and third, when the activity ends, Ethena will calculate your Hyena points and give you an ENA airdrop as well. The only downside is that the funding rate is higher than what you see on Hyperliquid’s main site, because liquidity isn’t as good—if you do market-price trades, the entry price can jump more.

Now Hyena’s campaign has ended, so all my funds have been switched to USDC and moved to Hyperliquid’s main site.

You can save 4% on fees with the campaign link: https://app.hyperliquid.xyz/join/HY888