Exercise 5: Hyperliquid Position Setup and Optimization

⏰ Time Investment: 45-60 minutes 🎯 Goal: Master Hyperliquid's unique features and optimize your trading setup

📚 Required Reading Integration 📖 Primary: Lesson 5: Hyperliquid - The L1 Performance Leader 📖 Supporting: Lesson 4: Your First Perpetual Position

🔍 Phase 1: Account Setup (15 minutes)

HLP Vault Analysis Template
Hyperliquid Setup Checklist

Exercise 1: Wallet and Network Configuration

Step 1: Network Setup

Step 2: Hyperliquid Connection

Question: What is the benefit of session keys?

  • Your answer: _________________________________

Exercise 2: Bridge and Deposit

Bridge Process:

Bridge Analysis:

  • Bridge contract address: _______

  • Time to complete: _______ minutes

  • Trust assumption: _______

Question: What is the primary risk of the Hyperliquid bridge?

  • Your answer: _________________________________

📊 Phase 2: Trading Interface Exploration (15 minutes)

Exercise 3: Order Book Analysis

Select a Market (e.g., ETH/USD):

  • Current mid-price: $_______

  • Best bid: $_______ (size: _______)

  • Best ask: $_______ (size: _______)

  • Spread: $_______ (_______%)

Order Book Depth:

  • Total bids within 1%: $_______

  • Total asks within 1%: $_______

  • Liquidity assessment: Deep / Moderate / Thin

Question: How does Hyperliquid's on-chain order book differ from off-chain matching?

  • Your answer: _________________________________

Exercise 4: Zero-Gas Trading Test

Test Order Placement:

Question: How does zero-gas trading benefit market makers?

  • Your answer: _________________________________

💰 Phase 3: HLP Vault Analysis (15 minutes)

Exercise 5: HLP Performance Review

Current HLP Metrics:

  • Total TVL: $_______

  • 7-day APY: _______%

  • 30-day APY: _______%

  • Sharpe ratio: _______

Historical Performance:

  • Q4 2024 fees: $_______

  • Q1 2025 fees: $_______

  • Growth trend: Increasing / Stable / Decreasing

Question: Would you deposit into HLP? Why or why not?

  • Your decision: Yes / No

  • Reasoning: _________________________________

Exercise 6: HLP Risk Assessment

Risk Factors:

Risk Mitigation:

  • Maximum allocation: _______% of portfolio

  • Reasoning: _________________________________

🎯 Phase 4: Position Optimization (15 minutes)

Exercise 7: Leverage Selection

Your Risk Profile: [Fill in]

  • Risk tolerance: Conservative / Moderate / Aggressive

  • Trading experience: Beginner / Intermediate / Advanced

Recommended Leverage:

  • For your profile: _______x

  • Reasoning: _________________________________

Liquidation Analysis:

  • Entry price: $2,500

  • Leverage: 5x

  • Liquidation price: $_______

  • Safety buffer: _______%

Exercise 8: Session Keys Optimization

Session Key Benefits:

Security Considerations:

Question: When would you disable session keys?

  • Your answer: _________________________________

✅ Self-Assessment

Rate your Hyperliquid proficiency (1 = Beginner, 5 = Expert):

Areas needing more practice: _________________________________

🎯 Next Steps

If you scored < 4 on any topic:

  • Review Lesson 5 on that specific topic

  • Practice on Hyperliquid testnet (if available)

  • Explore Hyperliquid documentation

  • Join Hyperliquid community

If all topics ≥ 4:

  • Proceed to Exercise 6 (GMX V2 Analysis)

  • You're ready to trade on Hyperliquid!

← Back to Summary | Next: Lesson 6 →

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