Built on Elysium · powered by $HYPSTR

The perpetual Hypurr machine.

A protocol that buys and sells Hypurrs, the flagship Hyperliquid collection, one $HYPSTR trade at a time.

$HYPSTRContract address at launch
The Purr Loop

Buy a Hypurr. Sell it. Buy back and burn. Repeat.

See the machine
  1. 01Elysium

    Collect trading fees

    A fee on every $HYPSTR buy and sell on Elysium funds the machine. Most goes to the protocol, the rest to the team.

    10% fee · 80% protocol / 20% team
  2. 02HyperEVM

    Bridge and buy a Hypurr

    Fees cross Elysium's native bridge to the protocol's vault on HyperEVM, where Hypurrs live. Once it covers the floor, the vault buys the cheapest listed Hypurr.

    Floor price, in HYPE
  3. 03HyperEVM

    Relist above cost

    The vault lists the Hypurr for sale straight away on HyperEVM, at a fixed markup on what it paid.

    Listed at 1.1× purchase price
  4. 04Elysium

    Bridge back and burn

    When it sells, the HYPE crosses back to Elysium, buys $HYPSTR and burns it. Fees keep the loop turning.

    100% of sale proceeds

Step 04 feeds back into step 01. No one has to decide when the machine trades.

Two chains, one loop

$HYPSTR trades on Elysium. The Hypurrs live on HyperEVM.

Hypurrs were minted on HyperEVM and trade there in HYPE, so the protocol keeps a vault on HyperEVM to buy and sell them. Elysium settles to HyperEVM and uses HYPE as gas, so HYPE moves between the two over Elysium's native bridge, 1:1, with no wrapped token.

Elysium$HYPSTR strategy
  • Collects trading fees
  • Buys back and burns $HYPSTR
Fees in HYPENative bridge withdrawal. Waits out the rollup's challenge period while the next buy is funded.
Sale proceeds in HYPEBridge deposit. No challenge period on the way in, so burns follow sales quickly.
HyperEVMHypurr vault
  • Buys the cheapest listed Hypurr
  • Relists it at 1.1×

The vault runs on fixed rules: it can only buy the cheapest listing, relist at the set markup, and send sale proceeds back to the strategy on Elysium.

In the collection

Hypurrs currently held by the protocol.

View all Hypurrs

The first Hypurr is bought once the fee pool reaches the floor price. Holdings appear here with purchase and list prices.

What powers the machine

Fees fund the next purchase. Sales buy back and burn.

Trading fees pay for each Hypurr. Every Hypurr sale buys back and burns $HYPSTR, returning HYPE to the liquidity pool.

Fee pool—HYPE
Hypurrs bought—
Hypurrs sold—
$HYPSTR burned—

Protocol fees & sales proceeds

EventHypurrAmountTimeTx

No activity yet. Purchases, sales and burns are logged here as they happen onchain.

On X

Watch the machine work.

Every Hypurr the protocol buys, relists and sells, and every $HYPSTR burn, is posted to X as it happens. Announcements and launch news go there first.

Handle announced at launch

What gets posted
BoughtHypurr #ID · price in HYPE
ListedHypurr #ID · 1.1× purchase price
SoldHypurr #ID · sale price in HYPE
Burned$HYPSTR amount · tx link