DeFi Saver x Hyperliquid: One dashboard for your entire DeFi strategy
We are super excited to announce that the DeFi Saver toolkit now supports the largest DEX for perpetual futures (and one of the highest volume trading venues): Hyperliquid.
The primary driver behind this particular integration was to make all of DeFi available within one app, by bringing lending and Hyperliquid perps into a single, unified interface, backed by our signature DeFi Saver toolkit for liquidation protection.
Previously, users would have to bounce between different dashboards to monitor positions that might have been part of the same overall strategy - such as maintaining a collateralised position on Aave, while running a hedge or directional exposure on a completely separate platform.
And when push comes to shove, and markets turn volatile, fragmented management can prove to be much more than just a minor inconvenience. Constant context-switching, limited visibility into overall exposure, and the lack of unified risk management definitely don’t do you any favours.
Futures, Perps & Hyperliquid
Before we dive into the specifics, let’s briefly go over the very concept of futures in DeFi.
Unlike traditional futures contracts, which have a fixed expiry date, perpetual contracts (perps) can be held indefinitely, allowing traders to efficiently go long or short with flexible leverage.
However, to keep contract perp prices pegged to the actual spot market, perps use a funding fee mechanism where longs pay shorts (or vice versa), depending on the market sentiment. For example, when the market is predominantly bullish, traders holding long positions pay fees to traders holding short positions. In bearish markets, the opposite occurs. Moreover, many choose to utilise this for delta-neutral strategies like pairing an Aave lending position with a Hyperliquid perp to harvest funding fees passively.
Our support guy, Milos, covered these concepts extensively on the Pick DeFi YouTube channel. So, if you are new to perpetuals, we highly recommend giving it a watch:
So, where does Hyperliquid come in?
Hyperliquid is a decentralised exchange that is built on its own Layer 1 blockchain. Founded in 2022 by Jeff Yan and his Harvard classmate, widely known as iliensinc, the project set out to combine the speed and efficiency of centralised exchanges with the transparency and self-custody of DeFi.
The core innovation lies in keeping the Central Limit Order Book (CLOB), the machine engine, and the settlement layer fully on-chain. In addition, has EVM support, enabling devs to easily build and integrate dApps that can plug into this DEX's liquidity.
Unlike CEXs, Hyperliquid does not require KYCs, offers 1-click trading (no need for wallet approval for every single transaction), eliminates gas fees, and provides some of the most competitive execution on the market.
In terms of some more specific things users can do on Hyperliquid, there is perpetual trading (trading cryptocurrency price movements with up to 40x leverage), spot trading, vault participation, and staking HYPE tokens to support the network's overall security.
And if all of this strikes your curiosity, we have another PickDeFi video for you, giving you a more detailed rundown of Hyperliquid:
What you can do on Hyperliquid via DeFi Saver
You can find Hyperliquid on the left-hand side bar within the app. As soon as you click, you’ll be presented with its full trading interface.
Getting started is straightforward: there’s no need to create an account; simply connect your wallet. From there, you can open positions directly through the perps dashboard.
Of course, we made sure our signature DeFi Saver toolkit is available from day one:
- Advanced automation - most notably, trailing open and trailing close strategies (stop loss, take profit). These allow you to automate entries or exits on price movement.
And very soon, our Notify feature will be enabled as well, prompting Telegram alerts for significant changes to your position health.
Now, what’s especially cool is that with DeFi Saver, you can deposit funds into your perp account from any network, using basically any token, without needing to manually bridge assets or limit yourself to USDC.
We have much more in store for this integration, and you can look forward to a more detailed UI walkthrough coming soon. Until then, for any hiccups you might encounter with your positions, or some direct feedback you’d like to share, make sure to tell our support guys via the DFS Discord.
Until the next post, stay safe out there!
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