H0 the privacy fog over hyperliquid
HyperEVM —

$H0

One billion, made once, the day the contract was created. Nobody can ever make more — not the team, not a vote, not anybody.

fees

Deposits and private sends are free. What is charged is the two moves that touch the outside world, and both are charged on top of the leg — so what the chain sees leaving is always a whole number of grains, never a remainder.

deposit · private sendfree
dive · withdraw10 bps
batch swap5 bps
hard ceiling25 bps, a constant, not a setting
where they goone address, fixed at construction

stakers

Fees are paid out in the asset they were charged in — dollars, gold, a tokenised share — and streamed to stakers. Nothing is minted and nothing is fixed: what a staker earns is a share of what the veil was used for.

staked—
paid out, last 30 days
unbonding7 days

relayers

Leaving to a fresh address raises one question: who pays its gas? If you fund it yourself you have just redrawn the line. A relayer submits the transaction, fronts the gas to the new address, and takes its fee out of the note itself — bound inside the proof, so it cannot be changed, redirected, or used to see the rest.

bond$H0, staked
gas fronted
governance may seizeat most 20 %, written as a constant
automatic slashingnone — nobody can prove censorship on chain

governance

holders decidelisted books, grain sizes, the fee under its ceiling, set providers
holders cannotmove where fees go, change how proofs are checked, pause anything, or stop anyone taking their own deposit back

contracts