> For the complete documentation index, see [llms.txt](https://hyperlynx.gitbook.io/hyperlynx-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperlynx.gitbook.io/hyperlynx-docs/trading/perps.md).

# Perps

Perpetuals are coming to Hyperlynx in **month 2**. When they launch, they'll carry the highest points multipliers in The Hunt.

{% hint style="info" %}
Perps are not live yet. Spot swaps, concentrated liquidity, and tokenized stocks are live from day one. This page covers what to expect when perps open.
{% endhint %}

## Why perps matter for The Hunt

When perps launch, they become the highest-weighted trading surface in the program:

| Position type            | Multiplier |
| ------------------------ | ---------- |
| **Maker / limit orders** | **×1.5**   |
| **Taker**                | **×1.3**   |
| Spot swaps               | ×1.0       |

Maker orders earn the highest multiplier in the program because they add depth to the book — they make the venue better for everyone.

## What to expect

* Standard perpetual mechanics — hold a leveraged long or short with a funding rate.
* Points accrue on every fill, fee-weighted, with the maker/taker split above.
* Perps feed into the same 30% trading pool as spot — so high perp volume earns a large share of that bucket.

## Until then

Stack points now through spot and liquidity during Genesis (the 2× window). When perps launch in month 2, you'll have loyalty and a pack already built — the best position to enter the highest-multiplier surface.

See [How to earn](broken://pages/77efdc458dae44fcba1021b9de6585e4de96e164) for the full multiplier picture.


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