PERP.WIKI

Growi HF vs Purrswap

Hyperliquid ecosystem comparison · Yield & Vaults

Best for Yield
Different Focus Areas

Quick Take

Growi HF Quantitative DeFi hedge fund vault on Hyperliquid on HyperCore, while Purrswap First stableswap on HyperEVM — powered by Abracadabra's MIMswap on HyperEVM. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Growi HF and Purrswap. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Growi HF logo

Growi HF

Growi HF is a quantitative asset management protocol built natively on Hyperliquid, offering permissionless strategy vaults powered by systematic, risk-adjusted trading algorithms. Designed for both passive investors and active DeFi participants, Growi HF eliminates the complexity of running sophisticated trading algorithms by packaging institutional-grade quant strategies into accessible on-chain vaults. Each vault employs distinct quantitative methodologies — from market-neutral delta strategies to momentum and mean-reversion approaches — all optimized for Hyperliquid's high-performance order book and deep liquidity. Traders benefit from transparent, fully on-chain execution with no hidden fees or centralized custody risks. By deploying directly on Hyperliquid's HyperCore, Growi HF's vaults access ultra-low latency trading infrastructure and some of the tightest spreads in decentralized perpetuals markets. Depositors earn yield proportional to vault performance, while the protocol automatically manages risk parameters including position sizing, drawdown limits, and rebalancing. Growi HF bridges institutional quantitative hedge fund methodology with the open, permissionless architecture of the Hyperliquid ecosystem.

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Purrswap logo

Purrswap

Purrswap is a native DEX on HyperEVM, incubated by Abracadabra DAO and built on a licensed implementation of MIMswap's Proactive Market Maker (PMM) algorithm. Unlike traditional constant-product AMMs, PMM actively adjusts its price curve based on external reference prices, concentrating liquidity near the current market price and dramatically reducing slippage for both stablecoin and volatile-asset trading pairs. Purrswap inherits Abracadabra DAO's deep DeFi expertise — the team behind the MIM stablecoin and the original MIMswap protocol on Ethereum — bringing battle-tested, audited smart contract architecture to the Hyperliquid ecosystem. By deploying natively on HyperEVM, Purrswap benefits from Hyperliquid's high-throughput EVM execution environment, low transaction fees, and tight integration with the broader Hyperliquid DeFi stack including HyperCore's perpetual order book. The PMM model makes Purrswap particularly capital-efficient for stablecoin swaps and correlated-asset pairs where tight spreads and minimal impermanent loss are critical for LPs. As a community-aligned project incubated by one of DeFi's most recognized DAOs, Purrswap represents a meaningful bridge between the established Abracadabra ecosystem and Hyperliquid's rapidly growing on-chain economy.

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Feature Comparison

FeatureGrowi HF logoGrowi HFPurrswap logoPurrswap
LayerHyperCoreHyperEVM
CategoryYield & VaultsDecentralized Exchanges
StatusActiveUpcoming
Launch Year20242025
Websitehf.growi.fipurrswap.xyz
Twitter@GrowiFinance@PurrSwap_
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
quanthedge-fundvaultrisk-adjusted
stableswapAbracadabraMIMswap

Score Comparison

Growi HFPurrswap
Open Source
Growi HF
Not public
Purrswap
Not public
Verified
Growi HF
Unverified
Purrswap
Unverified
Ecosystem Breadth
Growi HF
4 tags
Purrswap
3 tags
Maturity
Growi HF
Since 2024
Purrswap
Since 2025

Feature Matrix

FeatureGrowi HF logoGrowi HFPurrswap logoPurrswap
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Growi HF operates on HyperCore (native on-chain perpetual orderbook), while Purrswap runs on HyperEVM (evm smart contracts on hyperliquid l1). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

Growi HF is focused on yield & vaults, while Purrswap targets decentralized exchanges. They serve different user needs within the Hyperliquid ecosystem.

Unique Features

Growi HF is distinguished by: quant, hedge-fund, vault, risk-adjusted. Purrswap stands out with: stableswap, Abracadabra, MIMswap.

Market Timing

Growi HF launched first in 2024, giving it a head start. Purrswap entered later in 2025, potentially with the benefit of learning from earlier entrants.

When to Use Each

Choose Growi HF if you...

  • Want a yield & vaults solution on HyperCore
  • Need features like quant and hedge-fund
  • Need: Quantitative DeFi hedge fund vault on Hyperliquid

Choose Purrswap if you...

  • Want a decentralized exchanges solution on HyperEVM
  • Need features like stableswap and Abracadabra
  • Need: First stableswap on HyperEVM — powered by Abracadabra's MIMswap

Ecosystem Integration

Growi HF logo

Growi HF

Growi HF operates on HyperCore (native on-chain perpetual orderbook). Running on HyperCore gives it direct access to the native orderbook with minimal latency and maximum throughput.

Purrswap logo

Purrswap

Purrswap operates on HyperEVM (evm smart contracts on hyperliquid l1). As a HyperEVM protocol, it can compose with other EVM-based DeFi primitives and leverage smart contract flexibility.

Community Verdict

Which do you prefer?

Share your experience with Growi HF or Purrswap to help others in the Hyperliquid community make better decisions.

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