Ventuals, a decentralized project aiming to “make private markets public,” has unveiled vHYPE, a new liquid staking derivative token for Hyperliquid’s HYPE token.
The initiative marks the project’s next phase in bootstrapping its mainnet while leveraging Hyperliquid’s HIP-3 framework, a system that enables builders to create and manage perpetual markets independently.
The mechanism requires 500,000 HYPE to be staked for new market activation, as per the docs, a rule Ventuals is turning into a community initiative. Participants can stake HYPE to mint vHYPE, a liquid staking token that earns native HYPE yield and Ventuals Points, distributed weekly with early deposit multipliers of up to 10x.
The program’s gamified structure rewards early contributors and active Hyperliquid ecosystem participants, including testnet traders, VLP depositors, and Hypurr NFT holders.
Ventuals is among the first projects to launch through Hyperliquid’s HIP-3 framework, a system designed to let developers create independent perpetual markets using Hyperliquid’s existing infrastructure. By allowing protocols to access shared liquidity and governance mechanisms, HIP-3 is quietly turning into a testing ground for more modular and purpose-built DeFi applications.
Hyperliquid and Ventuals’ push into private markets
This integration follows a period of rapid expansion for Hyperliquid, which recently launched trading for its USDH stablecoin, issued by Native Markets. The stablecoin has already processed over $2 million in daily volume, underscoring the protocol’s ability to combine CEX-grade performance with decentralized infrastructure.
The synergy between Ventuals and Hyperliquid signals how new builders are using established DeFi infrastructure to target previously untapped sectors. With HIP-3 enabling custom perpetuals and USDH adding liquidity depth, the ecosystem is evolving beyond trading — toward a tokenized economy where builders, traders, and stakers share the same financial rails.
With Hyperliquid’s dominance in decentralized perpetuals and its new stablecoin live, Ventuals’ vHYPE launch will test whether the network can truly support large-scale, community-driven deployments, or if “private markets on-chain” remains just a tagline.