Public HyperEVM testnet

Liquidity markets with an inspectable fee loop.

Vertex Alpha connects concentrated pools, VXA locks, gauge voting, and HYPE-denominated rewards on HyperEVM testnet. The product thesis is clear: emissions can start a market, but fee revenue has to carry it.

Live testnetFour connected HyperEVM pools
GovernanceLock VXA, vote gauges, claim rewards
Reward designFee revenue converts into HYPE
Enter app Read architecture
Fees enterDEX + vaults
Vertex corefee router
Paid outveVXA lockers
Reward engine · live on launch
Fees convert to HYPE, streamed to lockers
Fig. 01, Convergence modelillustrative
CONVERGENCE Emissions Fees T0 Tn
Launch pathTestnet live
Reward loopFees to HYPE
Architecture note

Separate live surfaces from future claims.

The public testnet app shows the route through live testnet contracts. The architecture page separates what users can test now, what is built from standard primitives, and what still needs custom contracts, audit, and launch approval before mainnet.

Public referenceArchitecture walkthrough
Open
LiveTestnet surface

Swap, LP, lock, vote, rewards, and portfolio tools.

StandardPrimitive layer

Concentrated pools, gauges, voting escrow, and distributors.

VertexReward layer

Fee routing, HYPE rewards, market policy, and vault roadmap.

Before mainnetRelease bar

Final contracts, audits, risk docs, and production controls.

Fee engine
Concentrated.

Deep markets from little capital. Fees are real even before TVL is.

Reward asset
$HYPE.

Lockers are paid in earned HYPE, converted from revenue, never in emitted VXA.

Beachhead
LST & yield.

Start where liquidity actually sticks on HyperEVM, then broaden to launches.

01The model

A ve(3,3) dies when farming stops and the fees never showed up. Vertex Alpha is built so fees outrun emissions instead.

01ConcentrateLiquidity in tight ranges earns real fees per dollar, not full-range dust. Lockers can out-earn farmers by construction.
02LockLock VXA into veVXA for voting power and the majority share of fees, paid in HYPE.
03VoteDirect weekly emissions to the markets that pay. The flow of fees follows the votes.
✓

Locker yield is paid in HYPE, converted from real fee revenue, never in emitted VXA. The reward never depends on selling the token.

02Genesis markets

Beachhead: liquid-staking & yield tokens.

Four pools are live on HyperEVM testnet today with real Uniswap v3 liquidity and on-chain gauges. The rest are roadmap markets.

stHYPE / WHYPE
CL · Live
TypeCorrelated
Fee0.30%
GaugeLive
Trade market
kHYPE / WHYPE
CL · Live
TypeCorrelated
Fee0.30%
GaugeLive
Trade market
USDC / WHYPE
CL · Live
TypeVolatile
Fee0.05%
GaugeLive
Trade market
wstHYPE / WHYPE
Pool live
TypeCorrelated
Fee0.30%
GaugeLive
View pool
USDT0 / USDC
Roadmap
TypeStable
Fee0.01%
GaugePlanned
Queued market
VXA / USDC NATIVE
TGE
TypeVolatile
FeeSet later
GaugeNative
Launch market
03Vaults · the alpha layer · not live

Structured-yield vaults, aligned by first-loss capital.

Fig. 03, First-lossschematic
LOSS strategy drawdown FIRST-LOSS manager capital DEPOSITORS principal untouched INTACT
-Non-custodialDepositors retain custody end to end. Strategies execute on-chain, transparently.
-First-loss capitalManagers take the first hit, in-vault and non-negotiable. Aligned co-investment, not gambling with other people's money.
-Audited & wrappedThe v2 product ships later with its own audits and legal structure.
✓

Depositors keep custody the entire time, and managers take first-loss capital in-vault. Aligned co-investment, not gambling with other people's money.

04Tokenomics · VXA

One token, two fee engines. Lock VXA for veVXA and take the majority of DEX and vault fees, paid in HYPE.

Fig. 02, Fee engineschematic
DEX FEES concentrated pools VAULT FEES v2, not live HYPE converted veVXA majority fee share
-Rewards in HYPELocker yield is real fee revenue converted to HYPE, never emitted VXA. The reward never depends on selling the token.
-Lock beats LPLPs get emissions and a minority fee share; lockers get the majority share plus bribes and an anti-dilution rebase.
-Emissions decayFront-loaded to bootstrap, then decay fast as the two fee lines grow into them. The target is fees ≥ emissions.
Supply allocation
Community 40% Team 20% Investors 15% Treasury 15% Liquidity 10%
See full tokenomics Read the docs

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