If you're diving into the world of DeFi on Hyperliquid, you've probably heard the buzz around HYPE—the native token powering this high-speed Layer 1 blockchain for perpetuals and spot trading. Hyperliquid stands out for its on-chain order books and lightning-fast executions, making it a hotspot for traders chasing meme coins and volatile assets. But beyond trading, savvy users are stacking yields through liquidity provision on platforms like Project X.

Project X, or @prjx_hl, is an AMM-style DEX built directly on Hyperliquid, offering zero-fee trades and a points system that rewards early participants—perfect for those looking to farm potential airdrops while earning real yields. It's like Uniswap but optimized for Hyperliquid's ecosystem, allowing you to LP any coin pair with ease.

A recent thread from X user @0xlone_ranger, a self-proclaimed $HYPE maxi and ecosystem specialist, caught our eye. In his ongoing series, he's documenting real-world yield farming on the HYPE/USDT pool. The Day 13 update showcases some impressive numbers, highlighting why this setup is drawing in DeFi degens.

In the post, Lone Ranger shares: "Day 13 of capturing yield on @prjx_hl!! The range looks just perfect in this market on HYPE/USDT pool. Great time to sit tight and generate passive yield 🤑 7 days now without rebalancing 😎 + Loving the prjx experience 🤠 hyperliquid"

He's been holding steady without tweaking his position for a week, thanks to the pool's range staying "in range" amid market volatility. The screenshot reveals a whopping 136.53% APR, an unclaimed yield of $600.92 on a $16,667 position, and HYPE priced at around $37.49. That's passive income at its finest—compounding fees from trades in the pool.

This builds on his Day 12 update, where he considered switching to the UBTC/HYPE pool due to price shifts but held off after a merger vote delay brought HYPE back into his ideal range. "Massive cook for the day!🤑🤑 Day 12 of real yield on @prjx_hl HYPE/USDT pool🥳 ... But the merger vote got delayed to 2nd Dec and hype is back to desired levels!! Will continue to track and capture the yield⏫⏫"

For context, Hyperliquid's upcoming developments, including the HYPE token launch and potential mergers, are fueling excitement. The platform's focus on meme-friendly trading pairs means liquidity providers can capitalize on the hype around viral tokens while earning steady returns.

Why This Matters for Meme Token Hunters

Meme tokens thrive on volatility, and Hyperliquid's ecosystem amplifies that with low fees and high liquidity. By providing to pools like HYPE/USDT on Project X, you're not just earning yields—you're positioning yourself for ecosystem rewards. Lone Ranger's strategy of monitoring ranges and avoiding unnecessary rebalances is a smart play in choppy markets, minimizing impermanent loss while maximizing fees.

If you're new to this, yield farming involves adding liquidity to a pool (e.g., equal parts HYPE and USDT) within a price range. As trades happen, you earn a cut of the fees, boosted by the pool's APR. Tools like Project X make it seamless on Hyperliquid, but always DYOR—risks like impermanent loss and token price swings apply.

Getting Started with Project X on Hyperliquid

Head over to Project X and connect your wallet. Deposit into HyperEVM, select the HYPE/USDT pool, set your range, and start farming. Keep an eye on points accumulation for future drops, and follow users like Lone Ranger for real-time tips.

As Hyperliquid grows, expect more innovations tying into meme culture—think rapid launches of new pairs for trending tokens. Stay tuned to Meme Insider for more breakdowns on how DeFi intersects with meme mania.

Check out the full thread here and join the conversation on X. What's your go-to yield strategy? Let us know!