SmartETFs
// Autonomous onchain ETFs built on smart contracts
SmartETFs are the onchain equivalent of exchange-traded funds (ETFs). Built on HyperEVM and natively integrated with HyperCore, they package sophisticated investment strategies into simple, tradable tokens.
Like traditional ETFs, SmartETFs issue share tokens. These shares are listed on Hyperliquid’s spot market by default, enabling anyone to buy or sell them with deep liquidity and transparent price discovery. Only Authorized Participants (APs) can interact directly with the vaults, ensuring efficient creation/redemption while maintaining robust onchain safeguards.
Why SmartETFs?
The current crypto landscape faces structural challenges:
Speculative Noise — Memecoins and inflated FDV tokens dominate, while real yield products are scarce.
Accessibility Gap — Advanced strategies (structured products, arbitrage, DeFi participation) are inaccessible to most users.
Limited Market Access — Institutional-grade strategies remain closed to retail investors.
Centralized Risks — CEX-based products expose users to counterparty and misalignment risks.
SmartETFs solve these problems by offering immutable, transparent, and onchain-native investment products that scale like ETFs.
Key Features
ERC-4626 Compliant — Standardized vault design with share tokens.
Hyperliquid Spot Listing — All SmartETFs trade natively on Hyperliquid spot markets, ensuring deep liquidity and seamless user access.
Trading activity generates fees, a portion of which accrue to the deployer (HYPERMAX), creating sustainable protocol revenue.
Authorized Participants (APs) — Only APs can mint/redeem directly with the vault.
Purpose: This ensures compliance and security, keeping vault assets safe while enabling wide distribution through secondary markets.
Non-Custodial Asset Management — Asset Managers or Portfolio Managers trade via Agent/API Wallets connected to the vault.
They can execute strategies directly on HyperCore, but never withdraw funds.
This removes the risk of asset drain and keeps custody entirely at the smart contract level.
Automated Risk Management — Smart contracts enforce strict trading and compliance parameters.
Hyperliquid-Native Execution — Strategies trade directly on HyperCore’s orderbook.
Real-Time Transparency — NAV tracked onchain with automated reporting.
Custom Liquidity Windows — Configurable redemption structures (instant, periodic, or gated).
How SmartETFs Work
Deposit & Creation — Authorized Participants (APs) deposit assets into the vault and receive SmartETF share tokens.
Trading & Strategy Execution — Vaults autonomously execute strategies directly on HyperCore’s orderbook.
Market Access — APs list and provide liquidity for SmartETF shares on Hyperliquid spot markets, ensuring transparent price discovery.
Secondary Liquidity — Anyone can freely buy or sell SmartETF shares on Hyperliquid spot, while APs manage issuance/redemption to keep markets efficient.
Introduction
SmartFund is an advanced smart contract infrastructure built on HyperEVM, designed to enable autonomous, tokenized investment strategies within the Hyperliquid ecosystem. By leveraging HyperEVM precompiles and HyperCore’s deep liquidity, SmartFund creates a trustless, transparent framework for efficient capital allocation. All operations—trading, risk management, and accounting—are enforced directly at the smart contract level, eliminating unnecessary overhead and centralized risks.
Why SmartFund?
The current crypto landscape presents key challenges:
Speculative Noise: Predatory assets like memecoins, inflated FDVs, and inactive chains dominate retail markets.
Complexity Barrier: Advanced strategies such as DeFi participation, structured products, or airdrop farming remain inaccessible to non-technical users.
Limited Access: Institutional-grade strategies (e.g., HFT, VC-style investments) are typically out of reach for most participants.
Centralized Risks: CEX-based products expose users to counterparty risks and misaligned incentives.
SmartFund addresses these issues by offering immutable, onchain-native investment products in tokenized form. It provides investors access to professionally designed strategies with superior risk-adjusted returns, while laying the groundwork for permissionless strategy creation in future iterations.
Key Features
ERC-4626 Compliant: Standardized deposit and withdrawal mechanisms with share tokens.
Automated Risk Management: Embedded directly into smart contracts.
Hyperliquid-Native Execution: Trades executed on HyperCore’s orderbook.
Modular Fee Structures: Creator can customize performance and management fees.
Real-Time NAV Tracking: Onchain valuation ensures transparency.
Custom Redemption Periods: Flexible liquidity options (instant, periodic, gated).
Onchain Back-Office Reporting: Automated reporting for full transparency.
How SmartFund Works
Deposit: Investors deposit assets and receive ERC-4626 share tokens representing their position.
Strategy Execution: The SmartFund autonomously manages trades on HyperCore.
Risk & Compliance Enforcement: Smart contracts ensure strict adherence to predefined parameters.
Liquidity: While direct redemption is permissioned, investors can freely trade SmartFund tokens via the Concentrated Liquidity AMM (CLMM).
SmartFund is the backbone of HYPERMAX’s Onchain Asset Management Protocol (OAMP). By combining smart contract automation, real-time transparency, and seamless integration with DeFi primitives like CLMM, Lending, xUSD, and xHYPE, SmartFund democratizes access to sophisticated investment strategies. This positions HYPERMAX as the hub for decentralized, scalable asset management in the evolving onchain financial ecosystem.
Last updated