Introduction
Resarv issues index funds of what Hyperliquid actually trades. One token holds the biggest markets on the venue, a stablecoin borrows against it, and protocol revenue is paid back to holders in the index itself.
HYPE5An index of the five most traded crypto markets on Hyperliquid, held as spot.
HYPE10An index of the ten most traded Hyperliquid markets, from Bitcoin to the S&P 500.
rUSDBorrow dollars against HYPE5 without selling it.
RSRVDaily airdrops of HYPE5 and HYPE10 from protocol revenue.
Why an index#
Most of the money in traditional markets sits in index funds. They do not try to pick winners. They hold everything that matters, weight it by size, and rebalance on a schedule. Crypto has had very few held, onchain versions of that idea, and none built on the markets traders actually use.
Resarv ranks every market on Hyperliquid, main perps and HIP-3 markets alike, by 30 days of trading volume. The leaders go into the index. Next month the ranking runs again and the basket follows the volume. You hold one token the whole time.
How it fits together#
| Layer | Where | What happens there |
|---|---|---|
| Your wallet and tokens | Elysium | You mint, redeem, borrow and claim. HYPE5, HYPE10, rUSD and RSRV are ERC-20 tokens here. |
| The reserve | Hyperliquid HyperCore | The fund's assets are bought, held and rebalanced. Every fill is public. |
| Pricing | Resarv price signer | Reads Hyperliquid, signs NAV and settlements so contracts on Elysium can verify them. |
Where to next#
Something unclear? Tell us.