In the fast-paced world of decentralized finance, real user stories often cut through the hype to show what's possible. Recently, a trader known as @TheBullishTradR on X shared a fascinating update about their farming experience on prjx_hl, a SocialFi primitive built on Hyperliquid's HyperEVM. If you're new to this, Hyperliquid is a decentralized perpetual futures exchange with its own Layer-1 blockchain, known for low fees and lightning-fast transactions. prjx_hl, short for Project X on Hyperliquid, combines social features with financial tools, allowing users to farm yields through liquidity pools (LPs).

The trader, who has about $50,000 to $60,000 invested in these pools, decided to start tracking their earnings separately instead of reinvesting them right away. They kicked things off by focusing on the HYPE/USDT LP—HYPE being Hyperliquid's native token, which powers governance and security on the network. But with sky-high annual percentage yields (APYs), they switched to the UXPL/HYPE pool, where the returns are currently "insane," as they put it.

Earnings Breakdown from One Week

After just one week in this setup, the results were eye-opening. The trader claimed fees amounting to roughly $3,021 in HYPE (about 66.55 tokens) and $46.93 in UXPL (around 29.57 tokens). UXPL, often referred to as XPL in trading contexts, is a pre-market asset tied to the Plasma network, which has seen some wild price action and whale activity lately. At current prices, HYPE hovers around $45-46 per token, making this haul a solid chunk of change for minimal effort beyond providing liquidity.

This screenshot from the tweet captures the moment perfectly, showing the positive price movements too—HYPE up 1.41% and UXPL surging 25.57%. It's a reminder that in DeFi, especially on platforms like Hyperliquid, combining spot assets with high-yield farms can lead to compounded gains.

Strategy and Future Plans

The trader's approach is straightforward yet smart. They're sticking with the UXPL/HYPE LP as long as the APY remains elevated, but plan to pivot back to HYPE/USDT if things cool down. Liquidity providing, or LP farming, involves depositing tokens into a pool to facilitate trades, earning a share of the fees in return. On prjx_hl, this is amplified by the platform's focus on social and financial data analysis in real-time, drawing in more activity and thus higher rewards.

Excitingly, they've committed to weekly updates for a full year, giving the community a transparent look at long-term yields from a modest $50K-$60K portfolio. This could be a goldmine for anyone curious about passive income in crypto—imagine scaling that up or diversifying across more pools.

The Buzz Around Phase 3

The post also teases "phase 3" of prjx_hl, sparking speculation in the replies. While details are scarce, prjx_hl's team, including builders like @BOBBYBIGYIELD and @Lamboland_, has been hinting at expansions that could integrate more SocialFi elements, perhaps blending memes, community governance, and advanced trading. Given Hyperliquid's recent success—its HYPE token rocketing to top-20 status—this could mean even juicier opportunities for farmers.

If you're into meme tokens or just hunting for high-yield plays, keep an eye on prjx_hl. It's projects like this that turn blockchain enthusiasts into savvy practitioners. Check out the original thread for more details and join the conversation on X. Who knows? Your next farm might be just a pool away.