Hyperwave is a DeFi protocol on Hyperliquid building the infrastructure for an on-chain forex market and user-owned payment network, connecting Hypercore’s liquidity to HyperEVM to make yield, payments, and forex composable while pursuing its vision of the House of Payments through products like hwHLP, hwHYPE, and hwUSD. The Hyperwave ($HWAVE) airdrop marks the launch of Hyperwave DAO’s native token and rewards participants of the Wave Points Season 1 program, which concluded on August 28, 2025. A total of 16% of the 1 billion HWAVE supply is allocated to this round. Eligibility is based on Wave Points earned from ecosystem activity: holding hwHLP (1 pt per day), depositing in hwHYPE (50 pts per day), providing liquidity on Pendle (2×–2.5×), borrowing on Hypurr or Hyperdrive (2×–2.5×), holding Pendle YT tokens, and using referrals (+5% boost).
EthereumFind Out If You’re Eligible for the Hyperwave Wave Season 1 & 2 Airdrop
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