How Elysium Pairs works
Elysium Pairs is a launchpad on Elysium, the Layer 2 built by Kinetiq for Hyperliquid. You pay in SOL from Phantom. The coin and its trading live on Elysium, where gas is paid in HYPE and blocks land about every 100 ms.
Pairs
Every coin trades against one pair asset, chosen at launch and fixed forever:
- HYPE: the default.
- Another coin launched here: any coin that holds at least 5 HYPE of real liquidity is open as a pair. Pairs can stack three levels deep.
- Listed tokens: tokenized stocks and other Elysium tokens the team has listed.
The price curve
Each coin has a fixed supply of 1,000,000,000 and all of it starts in its own pool. The pool is a constant-product curve that starts at a market cap worth about 50 HYPE. There is no team allocation and no presale. Liquidity cannot be pulled, because nobody holds it: selling always pays out from what buyers paid in.
Fees and the loop
Every buy and sell pays a 1% fee in the pair asset. It is split three ways:
| Share | Coin paired with HYPE | Coin paired with a token |
|---|---|---|
| 50% | Goes to the coin's pair fund. The fund buys the coins paired with it and burns them. With no paired coins yet, it buys back and burns the coin itself. | Burned in the pair token. Trading the coin shrinks the pair's supply. |
| 30% | Creator, in HYPE | Creator, in the pair token |
| 20% | Protocol | Protocol |
Paying from Solana
You send SOL to the pad's Solana address with an order code attached. A relayer sees the payment and makes the launch or the buy on Elysium for you, sending the coins to your wallet. The SOL price includes every cost of getting your HYPE onto Elysium: a 3% service fee, a 1% conversion fee for swapping and bridging SOL into HYPE, and a flat fee for gas (0.05 HYPE per launch, 0.005 HYPE per buy). Prices use a live quote no older than two minutes.
Your wallet
Coins on Elysium need an Elysium address. By default one is created in your browser and only you have the key. Back it up from the Wallet page. You can sell without holding any HYPE for gas: you sign the sale and the relayer submits it, taking a small tip from the proceeds. Proceeds arrive as HYPE in your wallet.
Risks
- The contracts are new and unaudited. Only use money you can afford to lose.
- A coin paired with another coin moves when either one moves.
- If a payment arrives late, underpaid or the transaction fails after payment, it is flagged for a manual refund.
- Tokenized stocks may be restricted where you live. Check before trading them.
Contract: not deployed yet