PERP.WIKI

Timeswap vs Katoshi

Hyperliquid ecosystem comparison · Lending & Borrowing

Best for Borrowers
Different Focus Areas

Quick Take

Timeswap Oracle-less, non-liquidatable lending protocol on HyperEVM on HyperEVM, while Katoshi AI-powered trading automation engine built exclusively for Hyperliquid on HyperCore. They serve different niches in the Hyperliquid ecosystem.

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

Overview

Timeswap logo

Timeswap

Timeswap is a fully decentralized, oracle-free lending and borrowing protocol deployed on HyperEVM. It solves one of DeFi's most persistent structural problems: the fragility of oracle-dependent liquidation systems, which expose borrowers to cascading liquidations during volatile markets. Timeswap replaces this model with a novel three-variable AMM — balancing principal, interest, and collateral — that allows lenders and borrowers to set their own terms without relying on external price feeds. Borrowers deposit collateral and select a maturity date; if the loan is repaid before maturity, they reclaim their collateral in full. If not, the collateral transfers to lenders — creating a liquidation-free experience where the worst-case outcome is transparent and defined upfront. This design makes Timeswap uniquely well-suited for long-tail and volatile assets that oracle-dependent protocols cannot safely list. On HyperEVM, Timeswap gains access to Hyperliquid's deep liquidity, active trader community, and expanding DeFi ecosystem, enabling it to serve assets native to the chain. For yield seekers, it offers fixed-rate lending with clearly defined risk parameters; for borrowers, it removes the anxiety of unexpected liquidation.

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Katoshi logo

Katoshi

Katoshi is the premier trading automation engine built exclusively for Hyperliquid, enabling traders to build, deploy, and manage algorithmic strategies with millisecond precision and zero downtime. Trusted by thousands of active traders, Katoshi abstracts the complexity of algorithmic execution into an accessible platform that requires no deep coding expertise. At its core, Katoshi offers a complete automation toolkit: receive signals from TradingView, fire webhooks and custom API triggers, or deploy fully autonomous AI trading agents that react to market conditions in real-time. The platform also supports MCP (Model Context Protocol) integrations, putting cutting-edge AI-driven execution within reach of any trader. Katoshi's deep native integration with Hyperliquid means bots can tap directly into one of crypto's fastest and most liquid on-chain order books, accessing perpetuals across hundreds of markets with minimal slippage. Whether automating a simple RSI crossover strategy or running a multi-leg algorithmic portfolio, Katoshi provides reliable infrastructure to scale it. Built from the ground up for Hyperliquid's architecture, it has become the go-to automation layer for retail traders and institutional desks operating in the ecosystem.

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Feature Comparison

FeatureTimeswap logoTimeswapKatoshi logoKatoshi
LayerHyperEVMHyperCore
CategoryLending & BorrowingTrading Bots & Automation
StatusActiveActive
Launch Year20252025
Websitetimeswap.iokatoshi.ai
Twitter@TimeswapLabs@KatoshiAI
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
lendingoracle-lessfixed-ratenon-liquidatableTIME
AIautomationtrading-agentsnon-custodial

Score Comparison

TimeswapKatoshi
Open Source
Timeswap
Not public
Katoshi
Not public
Verified
Timeswap
Unverified
Katoshi
Unverified
Ecosystem Breadth
Timeswap
5 tags
Katoshi
4 tags
Maturity
Timeswap
Since 2025
Katoshi
Since 2025

Feature Matrix

FeatureTimeswap logoTimeswapKatoshi logoKatoshi
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

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

Category Focus

Timeswap is focused on lending & borrowing, while Katoshi targets trading bots & automation. They serve different user needs within the Hyperliquid ecosystem.

Unique Features

Timeswap is distinguished by: lending, oracle-less, fixed-rate, non-liquidatable, TIME. Katoshi stands out with: AI, automation, trading-agents, non-custodial.

When to Use Each

Choose Timeswap if you...

  • Want a lending & borrowing solution on HyperEVM
  • Need features like lending and oracle-less
  • Need: Oracle-less, non-liquidatable lending protocol on HyperEVM

Choose Katoshi if you...

  • Want a trading bots & automation solution on HyperCore
  • Need features like AI and automation
  • Need: AI-powered trading automation engine built exclusively for Hyperliquid

Ecosystem Integration

Timeswap logo

Timeswap

Timeswap 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.

Katoshi logo

Katoshi

Katoshi 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.

Community Verdict

Which do you prefer?

Share your experience with Timeswap or Katoshi to help others in the Hyperliquid community make better decisions.

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