Nunchi
Nunchi
NewAltcoinBitcoinBlockchainBlockchain EventsConferences
Nunchi is a decentralized perpetuals platform designed for leveraged trading on yield-bearing assets, volatility metrics, and macro-linked products.
Reward
$ Announcement is pending
Platform
hyperliquid
Max. Participants
Time Left
00
Hours
:
00
Minutes
:
00
Seconds
Task Description
Although Nunchi has not officially confirmed a token launch, several community and research sources suggest a possible future airdrop, especially for active Ethena ecosystem users, should Nunchi introduce a native token.
Nunchi is currently running the cHIPs Game, a reward system that offers up to 20x Ethena (ENA) incentives for users who stake nHYPE. One major milestone is the 500k HYPE staking threshold, which activates a +50% boost for nLP rewards over a seven-day period.
Participants can track their accumulated cHIPs, monitor rankings, and follow progress through the platform’s leaderboard dashboard while engaging in staking and liquidity activities.
Conditions
Step 1
Acquire HYPE on Hyperliquid
Go to Hyperliquid and purchase HYPE tokens. To do this, you’ll need USDC on Arbitrum. If you don’t already have USDC on Arbitrum, you can obtain some through Binance and withdraw it directly to your Hyperliquid address, or bridge USDC to Arbitrum using Rhino.
Step 2
Stake HYPE to Receive nHYPE
Open the Nunchi platform and connect your wallet. Stake your HYPE tokens to mint nHYPE, which establishes your Core Stake position within the ecosystem.
Step 3
Add Stablecoins to Mint nLP
Visit HyperBeat and deposit USDT or USDC to generate nLP tokens. This adds liquidity to the market and provides additional cHIPs multiplier benefits.
Step 4
Separate nLP on Pendle
Head over to Pendle and divide your nLP into two components: PT (Principal Token) for fixed yield exposure, or YT (Yield Token) if your goal is to maximize cHIPs with the 25x multiplier.
Step 5
Track Your cHIPs Growth
Regularly monitor your cHIPs accumulation and leaderboard standing. Higher positions on the leaderboard correspond to increased potential rewards.
Project Description
Nunchi is a decentralized perpetuals platform designed for leveraged trading on yield-bearing assets, volatility metrics, and macro-linked products. The exchange transforms on-chain funding rates and off-chain real-world financial data into new perpetual markets known as Yield Perps and Basis Perps.
Through Nunchi, traders can take long or short positions on yields, hedge interest-rate exposure, manage principal risk, and access DeFi strategies that are typically unavailable in traditional markets—such as shorting yield curves or locking in fixed-rate positions.
The project is currently built on Hyperliquid, with supporting integrations on Pendle for managing vaults and liquidity positions. Nunchi is backed by investors including Anchorage, TPC Ventures, WAGMI, and YLD traders.
Frequently Asked Questions
There is no lower limit for staking HYPE. However, reaching the 500,000 HYPE benchmark unlocks a major boost for nLP holders, providing enhanced multipliers for those targeting higher yields.
Nunchi has not released any official statement regarding a token or airdrop. The only confirmed rewards are through the cHIPs Game, which distributes ENA incentives. Any potential future token distribution is still unverified and speculative.
Participation is possible without Pendle, but doing so limits reward potential. Splitting nLP into Yield Tokens (YT) on Pendle unlocks a 25x cHIPs multiplier, which significantly increases point accumulation compared to basic staking.