How HyperDesk works
One desk for OTC trades, meme perps, and Pump.fun token launches.
- 01Maker posts an offer: token, size, price, minimum fill.
- 02Taker accepts or counters.
- 03Both sides fund escrow.
- 04Escrow swaps both legs in one step. Fee is capped at 1%.
- 05If someone doesn't fund before expiry, the other gets a full refund.
- 01Pick a memecoin with a real Hyperliquid perp market.
- 02Choose long or short, collateral and leverage.
- 03Check fee and liquidation price, then confirm.
- 04Currently paper trading only.
- 01Connect a Solana wallet (Phantom).
- 02Set name, ticker, image and dev buy.
- 03Choose up to two crypto pairings and up to 10 stocks.
- 04Confirm and approve in your wallet — the token goes live on Pump.fun.
When you launch a token you choose what its holders get rewarded in. A share of the trading fees is used to buy the paired assets and pay them out.
Pick up to 2: HYPE, PUMP, SOL or USDC.
Pick up to 10 tokenized stocks from the dropdown (e.g. TSLA — Tesla, Inc.). Each shows the company name and live price.
Fee rewards are split evenly across every pairing you pick. More pairings = more variety, smaller slice each.
A tokenized stock follows the share price but isn't the share itself. Issuers and availability still need checking before real payouts.
Wallets funded from the same source in the launch window are treated as one buyer and blocked.
Wallets created just before launch can't buy during the protection window.
The first N blocks after launch have a per-wallet cap on supply.
One buy per wallet per block while the window is open.
Pump.fun doesn't enforce these itself; they run through HyperDesk's launch router before buys are sent. Design stage — not live yet.