Small funds flipping series, part 3: Here are 5 unissued token projects worth participating in within the @HyperliquidX ecosystem, ranked in order of priority. At the end of last year, Hype’s token airdrop was super generous—average payout was 200,000 RMB per person. Betting on ecosystem projects might also lead to generous airdrops! I’ve gone through most of the projects on Hype. Only one has raised $5M, but many have received support from the foundation. Besides the well-known decentralized exchange (DEX), Hype’s own L1 HyperEVM is also thriving. 1. @hyperbeat https://app.hyperbeat.org/earn?referral=DXUM86RZ Deposit multiple tokens in one click, auto-optimize returns—perfect for lazy investors. How to participate: Deposit HYPE/USDT into the yield vault, and the system auto-compounds. Source of returns: Multi-protocol arbitrage + Hearts points + compound interest. Risk level: Moderate—pay attention to strategy risks. 2. @kinetiq_xyz The safest HYPE staking option—great for beginners to earn stable returns in one click. How to participate: Stake HYPE to get kHYPE, which can be used anytime in DeFi. Source of returns: HYPE validator rewards (2.3%) + ecosystem points airdrops. Risk level: Lowest—non-custodial staking. 3. @hyperlendx https://app.hyperlend.finance/?ref=2BWOAUSIW2 How to participate: Deposit stablecoins like USDC to earn interest, or collateralize HYPE for loans. Source of returns: Lending interest spread + HLP points rewards. Risk level: Low to moderate—liquidation risks exist but are manageable. 4. @felixprotocol - Stablecoin lending Use HYPE as collateral to borrow feUSD stablecoins—simple and controlled risk. How to participate: Collateralize HYPE to borrow feUSD, or provide liquidity to the stable pool. Source of returns: Stable pool liquidation rewards + feUSD earnings. Risk level: Moderate—pay attention to collateral ratio. 5. @liminalmoney - High-yield advanced option https://liminal.money/join/ELIZABETH Earn high returns through funding rate arbitrage—ideal for advanced users seeking high rewards. How to participate: Deposit at least 500 USDC, and the system executes delta-neutral strategy trades. Source of returns: Perpetual contract funding rate arbitrage. Risk level: Moderate to high—depends on market fluctuations. Multi-protocol combo for airdrop farming: Felix lending + Kinetiq staking + HyperLend looping Form a points mining matrix to maximize ecosystem rewards. Use feUSD to participate in other DeFi protocols for compound returns. (There’s also Based, a perpdex that’s popular among Koreans: https://app.based.one/r/ELIZABETH. I’ve already spent $500 in fees farming it.)