Minting

Mint HYPE5 or HYPE10 with USDC on Elysium. The fund buys the basket on Hyperliquid HyperCore and you receive index tokens.

1. Enter an amount
   The panel quotes the tokens you should receive at the current NAV, after the mint fee, and shows the minimum for this order.
2. Approve and request
   The first time, approve USDC. Then confirm the mint. Your USDC is held in escrow by the IndexVault contract and a request is recorded onchain.
3. Settlement on HyperCore
   The fund buys the assets that are most underweight, in orders of at least $10. A signed settlement then mints your tokens. See Settlement.
4. Tokens arrive
   HYPE5 or HYPE10 lands in your wallet. You can track the request on the index page.

How many tokens you get#

tokens = USDC in × (1 − 0.10%) / NAV per token

$100 at NAV $100  →  99.9 USDC of value  →  0.999 tokens

If the fund's fills come in worse than NAV, the settlement mints slightly fewer tokens so other holders do not pay for your slippage. You set the minimum you accept before confirming; a settlement below it cannot happen.

Minimum amount#

Hyperliquid rejects any order under $10. The mint panel shows the smallest amount that lands at least $10 on HyperCore after settlement costs, so every mint can be executed.

Something unclear? Tell us.