Glossary

• Apex — the top predator tier in The Hunt; scarce and contested. See Tiers.
• Concentrated liquidity — providing liquidity within a chosen price range for higher fee efficiency. See Concentrated liquidity.
• Fee tier — a pool's fee rate (0.05% / 0.30% / 1.00%), set to suit the pair.
• Genesis — the first month of The Hunt; a 2× points multiplier for everyone, once.
• HYPE — the native gas token of HyperEVM.
• HyperEVM — Hyperliquid's EVM chain (chain 999), where Hyperlynx lives.
• Impermanent loss (IL) — the value difference between providing liquidity and simply holding the two tokens, caused by price moves.
• In-range / out-of-range — whether a liquidity position's band currently includes the price. In-range earns; out-of-range doesn't.
• The Hunt — the Hyperlynx points program. See Overview.
• $LYNX — the Hyperlynx protocol token (generates at TGE).
• yLYNX — staked $LYNX that earns the protocol fee share and auto-compounds.
• Migration (Open Season) — bringing liquidity over from elsewhere for a 3× points boost during the migration campaign.
• Points — what you earn in The Hunt; convert share-based to $LYNX at TGE.
• Price impact — how much your trade moves the pool price; grows with size relative to depth.
• Referral override — a percentage of your invitees' points, paid to you. See Referrals.
• Share-based conversion — your $LYNX = your points ÷ all hunters' points × the committed 300M.
• Slippage tolerance — the maximum adverse price move you'll accept on a trade before it reverts.
• TGE — Token Generation Event; when $LYNX generates and the airdrop is claimable (~Q4 2026).
• The Reveal — TGE moment when the points→$LYNX conversion is finally shown.
• WHYPE — wrapped HYPE, the ERC-20 form of the native token.
• Fee machine — Hyperlynx's model: swap fees flow to holders (69% stakers / 31% buyback). See The fee machine.