Key Infrastructure for Hyperliquid’s Counterattack on CEX: A Detailed Exploration of the Popular Hyper Maxi’s Deposit and Withdrawal System, Hyperunit
On the evening of the 14th, a video posted by Hyperunit core member shoku on Twitter caused a significant stir, attracting over 250,000 views within five hours. Even Jeff, the founder of Hyperliquid, personally retweeted and praised the product. However, the official Hyperunit Twitter account currently has only 3,753 followers, and there has not been much attention from the Chinese community, suggesting that the project may still be in its early stages. Hyperunit serves as the deposit and withdrawal infrastructure for Hyperliquid, allowing users to deposit or withdraw BTC, with ETH and SOL set to be available soon.
The team has no financing background and consists of members from high-frequency quantitative firms, or those familiar with the founder of Hyperliquid. The core team comes from high-frequency trading firms such as HRT, Jump, Fortress, and IDF. This suggests that the team may already have connections with Jeff, the founder of Hyperliquid, as he also comes from HRT. Additionally, like Hyper, the Hyperunit team has no external investors.
Core member shoku has also been disclosed as an investor in Ethena, Berachain, Shogun, Monad, and Munchables.
The core of Hyperunit is composed of a multi-signature key structure. Hyperunit’s core consists of a 2 of 3 multi-signature key arrangement, with three keys controlled by Hyperunit, Hyperliquid, and Infinitefield respectively, meaning that no single entity can act maliciously on its own.
For BTC deposits, users send BTC to a designated multi-signature wallet on the Bitcoin mainnet. Once the funds are credited, Hyperunit will transfer the BTC to the connected Hyperliquid address. When withdrawing, Hyperunit generates an address linked to the user’s account. The withdrawal amount is sent to that address, after which the funds can be received on the Bitcoin mainnet.
What will be Hyperunit’s positioning after the launch of HyperEVM? However, at this stage of the MVP (Minimum Viable Product), a potential drawback of Hyperunit is that it currently only supports native asset chains. For example, Bitcoin on the Bitcoin mainnet and Ether on the Ethereum mainnet. Nevertheless, it is believed that this aspect can be quickly improved in future product iterations.
Another issue is its positioning; once HyperEVM is launched, it is anticipated that there will be many WRAPPED or LSD tokens, with at least solvBTC confirmed to be landing on HyperEVM. With so many native assets launching, what will Hyperunit’s positioning be? This question warrants further exploration.
Risk Warning
Investing in cryptocurrencies carries high risks, and their prices can be highly volatile. You may lose all your principal. Please assess the risks carefully.
