Traders
A price nobody can sandwich
Every fill is HyperCore's mid plus a published spread. The trade before yours cannot move it, and your price is held for about two seconds while you sign.
Trade HYPE/USDC →
PERCH Live on Elysium · priced by HyperCore
HyperCore's book, inside every Elysium trade.
A pool that quotes HyperCore's own price. Nobody can sandwich it, your price is held while you sign, and the people who deposit keep the spread.
- HYPE on HyperCore
- …
- Block
- …
- Book age
- …
- Sea state
- 0 glassy
Sea state 0 (glassy): HYPE one-second volatility 0.00 bps; HyperCore touch spread unknown bps.
Everyone has a use
One price, six ways in.
HALCYON brings HyperCore's depth to Elysium. Who you are decides where you start.
Depositors
Keep the spread
Deposit HYPE or USDC into the house pool. You own the spread HALCYON earns, measured as markout, not a promised rate. In PERCH your share holds real HYPE.
See the pool →Desk runners and their agents
Run your own desk
Open a desk that quotes HyperCore's price with your own spread. Run it yourself or let an agent run it, and let others back it for a share of the spread.
Open a desk →Anyone with USDC
Calm orders, no gas
Sign once: a limit, a stop, a take-profit or a plan spread over days. It fills when HyperCore's price gets there. A wallet holding only USDC can start here.
Place a calm order →Agents and builders
Ask, quote, act
Kawa answers in plain words with stamped numbers and prepares what you sign. Agents get the same tools over MCP, and llms.txt says how.
Ask Kawa →Keepers
Fill orders, earn tips
Calm orders are filled by anyone whose conditions check out on chain. The tip is the maker's, paid from the order, so the work pays for its own gas.
Read the keeper guide →Perch now. Dive when the hooks land.
A kingfisher watches from the reed, then dives without a splash.
Elysium opens to everyone on 9 November. Kinetiq says the hooks that let a contract read HyperCore's book and trade on it come about four weeks later. HALCYON is built for both, and the switch between them is one public call.
Priced from above
HALCYON's keeper reads HyperCore's book and signs its mid; your trade carries the signature. The pool steers its inventory by shading the price. Nothing is hedged yet.
Priced from inside
The pool reads HyperCore's book inside Elysium with no keeper in the path, and hedges every fill on HyperCore through ElysiumCoreWriter. Depositors stop holding HYPE's swings.
Hooks, estimated
~… days
Kinetiq has not dated the hooks. This counts to about four weeks after Elysium's opening and is only an estimate.
- 1
Hooks ship
Kinetiq publishes the precompile and ElysiumCoreWriter ABIs. HALCYON's adapters are already written and tested against their documented behaviour.
- 2
Shadow dive
For a week the pool still prices in PERCH but computes the DIVE price on every trade and publishes both.
- 3
The proposal
One call, ModuleRegistry.setModules, with each module's code hash pinned, queued in the 72-hour timelock.
- 4
Either house can stop it
Stakers or depositors can cancel it while it waits. If neither does, anyone may execute it.
Calm, on purpose
What stands between you and a bad day.
Every price is bounded
A signed price older than about three seconds, a jump past 0.5%, or a drift past 3% in a minute is refused on chain. A stolen key can stop quotes, not move them.
The guardian can only stop
A separate key can pause, widen spreads, revoke a signer, or fall back to PERCH. It can never switch to DIVE, unpause or touch funds.
Every change waits in public
Rules change only through a 72-hour timelock, with each module's code hash pinned in the proposal you can read.
Two houses can say no
Stakers of $HALCY and depositors in the pool can each cancel a queued change: 10% of locked stake, or 10% of pool shares, is enough.
Leaving needs no price
Withdrawals pay your slice of the pool's HYPE and USDC in kind, so no oracle stands between you and your money.
New code, small caps
The contracts are unaudited. Pool and wallet caps are small and rise only by timelock. Read the code before you deposit.
$HALCY · launching on Ascend
Access and a say. Never a payout.
Stake $HALCY for a bigger deposit cap, first entry to new pools, part of the protocol's spread back inside your price, a desk licence, a veto on any queued change, and seals no one can buy. No fee, reward or buyback ever reaches a holder: the token's trading fees belong to its creator.
What $HALCY does
Forty seconds