Hyperwave Announces HWAVE Token Sale Through Hyperliquid’s Liquidity Bootstrapping Pool
Alyssa Davidson
Posted: Oct 14, 2025 3:12 AM Updated: Oct 14, 2025 3:12 AM
Edit and fact check date: October 14, 2025, 3:12 AM
briefly
Hyperwave will be conducting a community-driven HWAVE token sale through a liquidity bootstrapping pool from October 16th to 20th, with the tokens becoming tradable shortly thereafter.
Hyperwave, a decentralized finance (DeFi) protocol running on the Hyperliquid blockchain, has announced plans to sell HWAVE tokens. Tokens will be offered through the Liquidity Bootstrapping Pool (LBP), which is scheduled to begin at 1:00 PM UTC on Thursday, October 16th and end at 1:00 PM UTC on Monday, October 20th.
Tokens earned during the LBP period will become tradable within 24 hours of the end of the event, concurrent with the commencement of claims for S1 Wave Point participants. Listing on the exchange is expected to take place immediately after the sale is completed.
The project stated that this funding approach allows it to align with the principles of the Hyperliquid ecosystem by prioritizing community engagement over venture capital funding.
According to the announcement, the liquidity bootstrapping pool is designed to promote equitable token distribution through HyperEVM’s Balancer. The mechanism follows a similar model to a Dutch auction where the token price starts at a higher level and gradually decreases depending on market demand. This format is intended to reduce the influence of automated trading bots and large investors and provide a more balanced buying environment.
The planned LBP timeline for HWAVE is as follows: The sale begins at 1:00 PM UTC on Thursday, October 16 and ends at 1:00 PM UTC on Monday, October 20, with claims opening at 1:00 PM UTC on Thursday, October 20. A total of 70 million HWAVE tokens are available, equivalent to 7% of the total supply. Accepted payment tokens include WHYPE, hwHYPE, hwHLP, and USDC. Tokens earned through Wave Points or public sales are not subject to vesting, but other allocations, including those from protocol contributors, Swell DAO, and the Foundation, will be unlocked progressively over 12 to 36 months, depending on a defined cliff period.
Hypered prepares for Unervil.
Hyperwave is positioning itself as a decentralized finance platform with the ambition to become a comprehensive “DeFi SuperApp” centered around the concept of “House of Payments”. Key products include hwHLP, a liquid token that profits from the Hyperliquid market-making vault, and the soon-to-launch HWAVE governance token.
The protocol recently launched hwHLP, designed to accumulate profits from Hyperliquidity Provider vaults, and also introduced a new vault called hwUSD. The project also stated that more information about HWAVE tokenomics will be released in the near future.
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About the author
As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
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As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
more articles