How PRISM works.
PRISM is a memecoin launchpad on Elysium (chain 99901, gas in HYPE). Every coin is a Uniswap v4 pool paired with native HYPE, with a hook that takes a fee on every swap. Half of that fee is the coin's vault. The vault is bridged to Hyperliquid and traded by one public rule; realised profit buys the coin back and burns it.
Not audited. Perps lose money. The vault can go to zero. Funding under zero is a trigger, not a promise. Read the risks before you take part.
How it works
- Launch.
factory.launch(name, symbol, uri, totalFeePips, minDevTokensOut), one transaction. It deploys the ERC20 (1,000,000,000 tokens, 18 decimals, no owner), initialises the pool on the canonical PoolManager and puts the whole supply in one locked range. Opening market cap is about 42 HYPE. An optional dev buy rides in the same transaction and pays the tier fee. - Swap. Anyone trades from block one through
router.swapExactIn(id, isBuy, amountIn, minOut, deadline). The hook takes the fee on the HYPE leg and splits it in the same block: 50 % vault, 25 % creator, 25 % platform. Creator and platform pull withclaimFees(). - Anti-snipe. For 30 seconds after launch, buys pay a fee that falls linearly from 25 % to the coin's tier (
B = S − ⌊(S − T)(t − t₀)/W⌋). All of the extra above the tier goes to the coin's vault. - Vault pull. At 5 HYPE the keeper calls
pullVault, withdraws throughArbSys.withdrawEthto HyperEVM (the challenge period is about 6 days), sends the HYPE to HyperCore, sells it to USDC andusdSends it to the coin's own Hyperliquid account. Every step is a stage on the coin page. - Strategy. The account runs one rule, below. One position at a time.
- Buyback. Realised profit above the deposited capital goes back the same way, then
hook.buyback(id, minTokensOut, batchRef)swaps HYPE for the coin on its pool and burns it to 0xdead. Each burn is one transaction.
Worked example at the 2 % tier: a 10 HYPE buy pays 0.20 HYPE. 0.10 goes to the vault, 0.05 to the creator, 0.05 to the platform. Fifty such buys fill the first 5 HYPE pull.
Fees
| Fee | Rate | Split | Paid |
|---|---|---|---|
| Swap fee, picked at launch | 1, 2 or 3 % | 50 % vault, 25 % creator, 25 % platform | Each swap; creator and platform pull with claimFees() |
| Anti-snipe, first 30 s | 25 % falling to the tier | Extra above the tier: 100 % vault | Each buy in the window |
| Uniswap v4 LP fee | 0 | none | Dynamic fee flag, LP fee stays zero |
| Hyperliquid trading fees | Hyperliquid's own | Hyperliquid | On each fill of the strategy |
Nobody can change the tier or the split after launch. The owner can pause one coin's strategy or all of them; pausing stops new positions, never swaps.
Strategy v1: HYPE funding long
- Trigger. Predicted 8 hour funding on HYPE-PERP is below zero (shorts pay longs).
- Entry. Long, 2x isolated, margin = 100 % of the coin account's USDC. One position at a time.
- Exit. ROE (unrealised PnL over margin) reaches +10 % or -7 %, or the owner pauses. A stop can slip; a gap can liquidate.
- Profit. Equity above the deposited capital is withdrawn and becomes a buyback. Capital stays in the account for the next trigger.
- Loss cap. The vault, and only the vault. Holders' balances and the pool liquidity are never touched.
The account key is derived on the team's server from a secret seed and the coin id; nobody else can trade it. Its address is public on the coin page with a link to the Hyperliquid explorer.
Hooks
| Hook | State | What it does |
|---|---|---|
| Perp Hook | live | Funding under zero opens a 2x isolated long; closed at +10 % or -7 % ROE. |
| Anti-Snipe Hook | live | First 30 seconds: the buy fee falls from 25 % to the tier; the extra goes to the vault. |
| Buyback Hook | live | Realised profit buys the coin on its pool and burns it in one transaction. |
| Funding Hook | soon | Pick the funding threshold and the side. |
| Volatility Hook | soon | Size by realised volatility instead of all-in. |
| Liquidation Hook | soon | Trade the liquidation clusters on HYPE-PERP. |
| Strategy builder | soon | Compose your own rules from the hooks above. |
| Marketplace | soon | Publish a strategy, earn when coins pick it. |
Contracts
- PrismFactory: not deployed yet
- PrismHook (vaults, fees, buybacks): not deployed yet
- PrismRouter (swaps and quotes): not deployed yet
- Uniswap v4 PoolManager, Elysium:
0xE2e105d3F7209A9DA11f83cCf3E7398a753823F1 - V4Quoter:
0x379F556c5a748BD7Cc9baF0F7A344094Ac1814f5, StateView:0x27eD73aE0652fdCf71d6793412A7525f32bE9dfE - ArbSys (bridge out):
0x0000000000000000000000000000000000000064 - HyperCore bridge on HyperEVM:
0x2222222222222222222222222222222222222222
Pool key per coin: currency0 native HYPE, currency1 the token, fee flag dynamic (LP fee 0), tick spacing 200, hooks = PrismHook. The hook refuses initialise, add liquidity and donate from anyone but the factory. Every buyback is listed on the stats page with its transaction.
Risks
- The contracts and the worker are not audited.
- A coin can lose all its value. Buybacks only happen when a position closes in profit.
- The strategy trades with leverage. A stop at -7 % ROE can slip; a gap can liquidate the position. The vault can go to zero.
- The bridge takes about 6 days each way. A vault pulled today trades next week at the earliest.
- The keeper and the strategy run on a server operated by the team. If it stops, vaults stay where they are until it resumes.
- Elysium, HyperEVM and Hyperliquid can have outages that delay swaps, bridges or orders.
FAQ
- Where does the buyback money come from?
- Only from realised profit of the coin's own HYPE perp position on Hyperliquid. The position is funded by 50 % of the coin's swap fees. No profit, no buyback. There is no treasury and no emissions.
- What does a launch cost?
- Gas in HYPE on Elysium, plus an optional first buy in the same transaction. You pick the total swap fee at launch: 1, 2 or 3 %. It is written in the hook and cannot change.
- Who can change the split?
- Nobody. 50 % vault, 25 % creator, 25 % platform is in the hook contract for every coin. The owner can only pause a coin's strategy or all strategies, never move holders' tokens or the pool.
- Do holders need to claim anything?
- No. Buybacks burn tokens directly to 0xdead. Creators claim their 25 % with claimFees() whenever they want.
- What exactly does the strategy do?
- v1 is one rule: when the predicted 8 hour funding on HYPE-PERP is negative, open a 2x isolated long with the whole account. Close at +10 % ROE or at −7 % ROE. One position at a time. Funding below zero is a trigger, not a promise of profit.
- Why does the vault take about 6 days to start?
- Elysium is an Arbitrum Orbit chain on HyperEVM. Moving HYPE out goes through the native bridge (ArbSys.withdrawEth), which has a challenge period of roughly 6 days before the HYPE can be claimed on HyperEVM, then sent to HyperCore and converted to USDC.
- Is there a presale, team allocation or airdrop?
- No. The whole 1,000,000,000 supply sits in one locked Uniswap v4 range from block one. Nobody holds tokens before the first buy, including the creator unless they buy in the launch transaction.
- What can go wrong?
- A coin can go to zero. Perps lose money: a stop at −7 % ROE can still slip, and a gap can liquidate the position. The vault can go to zero. Holders' balances and the pool liquidity are never at risk from the strategy.
- Is it audited?
- No. The contracts and the worker are not audited. Use amounts you can afford to lose.