Roadmap

Q2 2025

Public Announcement & Testnet Launch

• Officially introduce HYPERMAX to the public.

• Launch testnet for Concentrated Liquidity AMM (CLMM), Lending Market, and Collateralized Debt Position (CDP) system.

• Begin community-driven testing phase to ensure stability and optimize user experience.

• Prepare for mainnet launch, including the introduction of the governance token, HMX.

SmartFunds & HyperBonds Testnet Deployment

• Deploy SmartFunds and HyperBonds on testnet.

• Encourage community participation in testing tokenized investment strategies and delta-neutral yield products.

• Gather feedback to refine permissioned SmartFund operations.

Growth Initiatives

• Launch points and referral systems to incentivize early user adoption and network growth.

• Establish foundation for long-term community engagement and reward mechanisms.

Q3 - Q4 2025

Permissionless Expansion

• Activate permissionless SmartFund creation, allowing external asset managers to deploy custom strategies on HYPERMAX.

• Expand marketplace liquidity and diversify available investment products.

• Strengthen integrations across Add-Ons (CLMM, Lending, xUSD) to support scaling.

2026 Onwards

Decentralization, Compliance & RWA Integration

• Implement community-led governance frameworks powered by HMX.

• Introduce regulatory compliance layers to align with evolving global standards.

• Integrate Real-World Asset (RWA) strategies, bridging traditional finance with onchain asset management.

HYPERMAX is committed to continuous innovation, driving the evolution of decentralized asset management within the Hyperliquid ecosystem.