Liminal

Liminal is a DeFi yield protocol built on Hyperliquid that converts perpetual futures funding rates into structured, market-neutral on-chain yield. Hyperliquid's high-throughput order book consistently generates some of the most competitive and persistent funding rates in crypto — Liminal harvests this yield and delivers it to depositors without requiring them to take any directional market risk. Users deposit capital which the protocol deploys into delta-neutral funding rate strategies: simultaneously holding spot positions with corresponding perpetual shorts (or vice versa), capturing funding payments while remaining price-agnostic throughout market cycles.

Yield and vault protocols on Hyperliquid give users passive access to sophisticated DeFi strategies — from delta-neutral funding rate arbitrage to leveraged staking loops. Liminal is part of this growing category that keeps capital productive within the ecosystem. With HyperCore's native HLP vault and HyperEVM-based strategies, Hyperliquid offers yield options across the entire risk spectrum.