Hypersurface

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL includes tokens in MarginPool, HedgedPool, and Hedger contracts. LP positions held by the Hedger are unwrapped to their underlying tokens.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Jan 28, 2026
   Auf DeFiLlama gelistet

Hypersurface is a Options protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed across 2 chains, including Hyperliquid L1, Base. The codebase has been independently audited (1 report on file).

Hypersurface operates on 2 networks (Hyperliquid L1, Base), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Hyperliquid L1, which holds 94% of all assets — other deployments are comparatively small. Price discovery relies on 2 oracle providers (Pyth, Chainlink), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for Hypersurface — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Hypersurface is one of 7 Options protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Rysk V12, Hegic, Deri V4, and 3 more. These peer protocols collectively secure 84 Mio. $ in deposits, giving you a frame of reference for whether Hypersurface's own TVL is at the top, middle, or tail of the category.

Rysk V12

TVL 62,6 Mio. $ · 24h +4.61%

Hegic

TVL 9,8 Mio. $ · 24h -0.02%

Deri V4

TVL 7,8 Mio. $ · 24h +0.27%

GammaSwap Open Interest

TVL 1,4 Mio. $ · 24h +0.51%

Jasper Vault

TVL 1,3 Mio. $ · 24h -0.03%

Opyn Gamma

TVL 1,1 Mio. $ · 24h +0.72%