Trade options. Earn HYPE.
September 16, 2026 at 18:00 UTC through September 23 at 18:00 UTC. Executions at the start count; executions at the end do not. Each reward day runs from 18:00 UTC to 18:00 UTC the next day.
We allocate $1,000 a day in HYPE rewards for seven days: $500 for makers and $500 for takers each day.
How you earn
- Trade eligible options: AAPL, BABA, BOT, BTC, ETH, META, MSFT, MU, NVDA, SNDK, SP500, and SPCX. Listed options on these underlyings qualify, including new strikes and expiries during the pilot. Perpetuals and external-venue trades do not count.
- Earn your daily share: Your eligible options premium in each role, divided by all eligible premium in that role that day, determines your share of its $500 pool. A 10% share earns $50 worth of HYPE. Each fill credits the maker side only to the maker pool and the taker side only to the taker pool. You can earn from both roles.
- Premium means the amount paid for the options. Both buys and sells count. Fees and profit or loss do not affect your share. Each executed spread leg counts separately. Actual liquidation trades count under the same maker/taker and eligibility rules. Only executed option trades count: cancellations, deposits, transfers, exercises, settlement cash flows, liquidation transfers, and administrative corrections do not earn rewards.
- Daily earnings add up. There are no reward caps, open-interest requirements, or position-closing requirements.
Review and payment
Self-trades and coordinated wash trades do not qualify. Genuine hedging is allowed. We review results before payment and recalculate affected pools after excluding abuse. Deliberate abuse can forfeit pending rewards. Estimates may change during review.
Results and payment: Proposed results will be published after the pilot closes and source trades are reconciled. Payment follows review and the challenge period; no fixed payment date is promised. Challenges go to Hypercall support on Telegram. Participants have at least 48 hours after results are actually published to raise a challenge. Late results or unresolved material disputes can delay affected rewards.
HYPE conversion: USD awards convert using one CoinGecko HYPE/USD price for the pilot: the first fresh quote collected at or after the pilot closes, updated within the prior five minutes. If that quote is unavailable, conversion waits for a fresh quote. HYPE amounts are fixed at conversion and may change in dollar value afterward.
Unused daily pools: If a role has no eligible trading on a day, its $500 is shared equally across that role's other active days and allocated by their premium shares. If a role has no eligible trading all week, Hypercall retains that role's budget.
Hypercall pays network fees separately. Rewards are paid as native HYPE on HyperEVM to the verified wallet controlling your trading account, rounded down to 18 decimal places only at the final token amount.
The pilot ends after seven days. There is no automatic renewal. The published allocation and eligibility rules remain fixed for the pilot.