Perp tradingPerp DEX · Hyperliquid (HIP-3)
Entropy
Author's status: ActiveEarlyUpdated: 2026-09-20
I use it to trade perps on private (pre-IPO) companies and equities on Hyperliquid.
TGE and points
- Phase
- EarlyLaunched only on 2026-08-24. No token announced.
- TGE
- Not announced
- Points program
- No points
Airdrop payout estimate
Includes estimates and placeholders
- FDV assumption
- $100M
- Airdrop share
- 10%
- Expected pool
- $10M
- Per point
- —
Basis: No token announced. The $100M FDV is a placeholder based on the $14M seed (valuation undisclosed); the 10% share is also a placeholder.
Pool = FDV assumption × airdrop share. The value per point divides by the points issued so far, so it falls as more points are issued. The actual payout varies widely with the distribution method, locks and sybil filtering. The points you enter are saved only in this browser.
Team, funding and user base
- Base
- Unverified
- Founders / leads
- Not published (team only partly public)Founders not named. The team is described as ex-Citadel Securities, Optiver, Millennium and Polymarket.
- VC funding
- $14M$14M seed on 2026-08-24 led by Ribbit Capital (official X). Separately backed with about $40M of staked HYPE for its HIP-3 deployment.
- Key investors
- Ribbit Capital
- X followers
- 15.1K@entropyIOas of 2026-09-20
Risks and caveats
- Japan is not on the official restricted list (US, Canada, most of the EU/EEA, UK, Singapore, Australia and others; checked 2026-09-20).
- Pre-IPO perps carry no shares, voting rights or dividends. There is no spot market; the oracle tracks an estimated valuation.
- Less than a month since launch. The OpenAI market was delisted without a single trade.
Links
This is a referral link. The author may be rewarded when you sign up or trade. What is written here is not tied to those rewards.
Sources
- Entropy docsaccessed 2026-09-20
- Entropy docs - Referralsaccessed 2026-09-20
- Entropy docs - Restricted Jurisdictionsaccessed 2026-09-20
- entropyIO on X - launch, $14M seed led by Ribbit2026-08-24
- Crypto Briefing - EntropyIO lists pre-IPO perps2026-08
This page is for information only and is not a solicitation to use any crypto asset or service. Airdrops and their amounts are not guaranteed, and you may lose the funds you deposit.