In the fast-paced world of meme tokens and DeFi, finding ways to earn passive income without constant trading can feel like striking gold. A recent tweet from @0xlone_ranger highlights just that, sharing day 20 of his journey with passive yields on Hyperliquid's HYPE/UBTC pool. If you're new to this, Hyperliquid is a decentralized exchange (DEX) built for perpetual futures and spot trading, and $HYPE is its native meme-inspired token that's been gaining traction.
The screenshot shared in the tweet shows an eye-popping 55.49% APR, with nearly $300 in unclaimed yields waiting to be scooped up. The position? A solid $16,443 balanced roughly 50/50 between UBTC (which is essentially wrapped Bitcoin on the platform) and HYPE. The price range is holding steady, marked as "IN RANGE," meaning the liquidity is actively earning fees from trades within that band.
This isn't a one-off; it's part of a series. The quoted post from day 19 mentions how market drama—like short hunters targeting HYPE bears—boosted volatility, leading to higher yields without shifting the overall prices much. Volatility in crypto, especially with meme tokens like HYPE, can be a double-edged sword, but in liquidity pools, it often translates to more trading activity and thus more fees for providers.
For those dipping their toes into DeFi, a liquidity pool is basically a smart contract where users deposit pairs of tokens to facilitate trading. In return, they earn a share of the trading fees. On Hyperliquid, which operates on its own high-speed blockchain, these pools are optimized for efficiency, making it appealing for meme token enthusiasts looking to maximize returns.
The excitement doesn't stop there. The tweet shouts out "@prjx_intern" with "Phase 3 coded!!" – hinting at upcoming developments in the Hyperliquid ecosystem. If you're following meme tokens, keeping an eye on platforms like this can uncover hidden gems for passive strategies.
Replies to the tweet echo the sentiment: users are buzzing about the "amazing yield" and how "volatility is profitable." One commenter notes the range still looks perfect for the current market, suggesting this setup is resilient even as prices pump.
If you're considering jumping in, remember that while the upside is real – keeping full exposure to both BTC and HYPE pumps – DeFi comes with risks like impermanent loss, where the value of your deposited tokens can shift relative to holding them outright. Always do your own research and start small.
This thread is a great reminder of how meme tokens aren't just about hype; they can offer tangible yields through smart DeFi plays. Stay tuned to Meme Insider for more updates on tokens like HYPE and strategies to level up your blockchain game.