I just came across something VERY VERY INTERESTING ๐ต
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 itโs 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, itโs totally EARLY and has big potential. Itโs 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, thereโs a VC behind it, and the off-chain rebalancer is designed with Hyperliquid agent wallets with no withdrawal permission (so an external wallet wouldnโt be able to withdraw funds).
Iโm already testing it; if you want to take a look too, hereโs my link: https://bounce.tech/trade/GOLD5L โฆ
And one more detail thatโs even better for those of us who like farming: TOPโ 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