Hyperliquid Auctions

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Auction Mechanics

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How Hyperliquid Auctions Work

Hyperliquid utilizes a Dutch auction mechanism for new spot tokens. For those unfamiliar, the Hyperliquid Dutch auction price starts at twice the previous auction’s price and continuously decreases until a bid is placed. These auctions take place on a consistent schedule, occurring every 31 hours. Each auction is for a ticker. This means that only one token can be deployed to the hyperliquid spot ecosystem every 31 hours, preventing dilution of the ecosystem.

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Auction Schedule

You can check the current auction status and timing on the Hypurrscan Dashboard.

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How HyperRich participates in auctions

HyperRich will participate in auctions for any ticker that is launched on the platform. We track the progress to deployment for each ticker as a function of the auction price. Specifically, this function is defined as:

$deployment\_progress = ((TVL * .65)/auction\_price) * 100$

Once deployment progress for a token reaches 100%, we automatically buy the auction and associated ticker for the token at the current auction price.

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HyperRich Assistance Fund or AF

The HyperRich Assistance Fund uses a portion of the fees generated by a token’s listing to get to the Dutch Auction price. On other launchpads, there has been consistent confusion and frustration in getting the actual auction due to snipers.

To remedy this, HyperRich uses fees to help tokens bond by automatically closing the gap when the Assistance Fund fees reach the required level.