I just came across something VERY VERY INTERESTING 😵
BounceTech @BounceTech is a DeFi protocol live on mainnet since 2026 built on Hyperliquid (it brings together HyperEVM and HyperCore).
Let me explain the IDEA because it’s REALLY GOOD:
1/ You deposit USDC and in return mint an ERC-20 token that corresponds to a specific position, for example HYPE Long 5x.
What you get is a liquid leveraged token in your wallet equivalent to having, for example, $500 in HYPE after depositing $100. Also, the protocol supports 200+ listed assets on Hyperliquid.
2/ What happens behind the scenes? The protocol opens and rebalances perpetual positions on Hyperliquid to maintain the target leverage.
3/ So, you simply choose the direction of the asset, but YOU ARE NOT LIQUIDATED like in a normal perp. If HYPE goes down in price, the token just loses value, but the same applies in reverse if you positioned in Short.
4/ At all times you can exchange that token for the value of your assets in USDC, and you could also use it in DeFi within a pool or in a Lending protocol when this kind of integration exists.
Interesting, right?
Plus, it’s totally EARLY and has big potential. It’s listed on DeFiLlama and its TVL, while still low, is already close to 1M, but its volume is already in the hundreds of millions.
Also, the contracts have been audited more than once (fixing the bugs that were found), it has a bug bounty, there’s a VC behind it, and the off-chain rebalancer is designed with Hyperliquid agent wallets with no withdrawal permission (so an external wallet wouldn’t be able to withdraw funds).
I’m already testing it; if you want to take a look too, here’s my link: https://bounce.tech/trade/GOLD5L …
And one more detail that’s even better for those of us who like farming: TOP— you can do farming with this position through the PRJX DEX and get an even higher return.
#Hyperliquid #defi #DeFiLlama #Wallet #TrendingTopic $BTC $MSFTB $HYPE