As of today, FLR is listed for spot trading on Hyperliquid. The listing will be enabled by LayerZero’s Omnichain Fungible Token (OFT) standard, allowing users to deposit FLR via Stargate and trade it natively on Hyperliquid.
With native FLR listed on Hyperliquid, users benefit from a more efficient and simpler trading experience:
Native, not wrapped: Hyperliquid will list native FLR, avoiding needing gas to unwrap which simplifies deposits/withdrawals.
Permissionless listing: FLR ticker on Hyperliquid was acquired by Flare in order to permissionlessly enable spot trading on Hyperliquid.
Fast, simple bridging: LayerZero OFT links FLR to Hyperliquid’s HyperEVM and then to the HIP-1 asset on HyperCore for trading.
Better execution: An on-chain orderbook with tight spreads and liquidity, offering lower implicit trading costs for those who want to trade on-chain.
“Hyperliquid trading volumes have soared over the recent months, rendering it a high-priority exchange listing with compelling prospects for the FLR token,” said Hugo Philion, CEO & Co-founder of Flare. “Harnessing LayerZero’s native OFT standard and Hyperliquid’s decentralized listing flow, users can now access a permissionless bridge-in, trade, bridge-out experience for FLR.”
OFT deployment: LayerZero’s NativeOFTAdapter enables FLR to bridge from Flare to HyperCore where the spot market is traded directly. When bridging back to Flare, the user needs to bridge to HyperEVM and then back to the Flare mainnet. This can be facilitated via LayerZero. Flare will look to enable bridging back from HyperCore directly once it's available.
HIP-1 listing on Core: FLR is deployed as a HIP-1 asset on HyperCore, and the FLR/USDC market is registered. Hyperliquid is expanding spot markets to additional stablecoin pairs like USDT0 and USDH; the FLR spot market is expected to migrate as the ecosystem matures.
Simplified user experience: Users can deposit FLR via Stargate to place FLR/USDC orders on Hyperliquid’s on-chain orderbook, and withdraw back to Flare at any time.
“The OFT standard is turning FLR into a first-class omnichain asset,” said Filip Koprivec, Chief Product Officer at Flare. “Combine that with Hyperliquid’s on-chain market structure and you get speed, transparency, and strong price discovery for everyday traders. Utilizing LayerZero, the default bridging solution on the Flare network allows us to enable a seamless user experience while keeping true to our ethos: no compromise on security that our blockchain offers.”
Before funding your Hyperliquid account, activate it by connecting your EVM wallet (e.g. MetaMask, Rabby) to the Hyperliquid site. This is the wallet address that will be used for sending assets on Flare to/from Stargate.
Bridge USDT0 (Flare) → USDT0 (HyperCore) via Stargate or usdt0.to. Once bridged, USDT0 can be swapped for USDC on HyperLiquid. Note: There is a $1 fee to activate the HyperLiquid account.
Users can bridge FLR directly from Flare to HyperCore and HyperEVM via Stargate.
After acquiring FLR on HyperCore, users can bridge it to HyperEVM and then send it back to the Flare mainnet to start staking, delegating, and receiving FlareDrops.
Deposit USDC from Arbitrum in the Hyperliquid app.
Withdraw anytime: move assets HyperCore <> HyperEVM in the Hyperliquid app, then bridge back out via the same route on Stargate.