Entropy
Entropy is a perpetual trading platform on Hyperliquid that uses HIP-3 to bring harder-to-access markets onchain, including private companies, global stocks, indices, commodities, FX, rates, and crypto. Entropy has not announced a native token or confirmed an airdrop. However, with its leaderboard about to launch and a pointsMultiplier parameter already visible in its backend, speculation is growing around a potential future Entropy Airdrop post-TGE.
🪂 Trade Frontier Markets Ahead of a Potential Airdrop
The main opportunity is to become an early Entropy trader while the platform is still expanding. There is no official airdrop campaign or points program, so there is no confirmed task list or eligibility formula. For now, traders can:
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Build trading history across pre-IPO, stock, commodity, FX, index, rates, and crypto markets.
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Connect their 𝕏 account on the Leaderboard page before the rankings launch.
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Invite other traders and earn up to 100% of Entropy’s share of qualifying HIP-3 trading fees through referral rewards.
One clue deserves attention. A publicly shared response from Entropy’s account system shows a pointsMultiplier parameter alongside its referral and rebate settings. Entropy has not documented the parameter or explained what it controls, so it does not confirm that points are currently being earned. Still, the presence of points-related logic makes the leaderboard rollout particularly interesting for airdrop hunters.
No token allocation, leaderboard prizes, or airdrop eligibility rules have been announced.
What is Entropy?
Entropy brings a wider range of perpetual markets to Hyperliquid through HIP-3. Traders can access pre-IPO companies such as Anthropic and OpenAI alongside stocks like Nvidia and Tesla, commodities such as gold and crude oil, major FX markets, indices, rates, and crypto.
Leverage depends on the market. Entropy currently shows around 5x–10x on some pre-IPO and stock markets, up to 20x–40x on major crypto markets, and as high as 50x on selected FX and index markets. Trading fees follow the Hyperliquid HIP-3 schedule, with standard effective rates of 0.030% maker and 0.090% taker. Growth Mode can reduce fees, rebates, and volume contribution by 90% when enabled.
Entropy raised $14 million led by Ribbit Capital and separately announced a $40 million HYPE stake for its HIP-3 deployment. The platform uses Privy for wallet authentication and Hyperliquid infrastructure for trading. No confirmed public Entropy audit was found.
Entropy
Step by step guide Entropy
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Create your Entropy account
Head to Entropy and create your account.
→ Log in with email or connect your EVM wallet.
→ Choose a username for your Entropy account.
→ Enter the referral code
airdropalertto pay 25% less in trading fees.→ Review and accept the Trading Access Attestation if you meet the geographic, sanctions, and legal requirements shown by Entropy.
💡 Entropy is not available to users in restricted jurisdictions, including the United States, Canada, Panama, and the United Kingdom, and its Terms prohibit using VPNs or similar tools to bypass these restrictions. The Privacy Policy also states that Entropy may collect your IP address, public wallet address, device, and usage data when you use the interface.
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Fund your trading balance
Deposit supported crypto into your Entropy account.
→ Select the token and network you want to use, then follow the deposit instructions shown in the app.
→ Use the Bridge option if you need to move assets from another supported network.
💡 Entropy supports deposits in multiple tokens and networks, then uses $USDCas collateral for trading positions. Always check the selected asset and network before sending funds.
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Trade Entropy markets
Choose a market, review the trading conditions, and place your position.
→ Build trading history across pre-IPOs, stocks, commodities, FX, indices, rates, and/or crypto.
→ Choose long or short, then set your order type, position size, and leverage before confirming the trade.
💡 Leverage depends on the market and can reach 50x on selected contracts. Funding accrues continuously and is paid hourly, so a position can either pay or receive funding depending on market conditions.
📌 Pre-IPO contracts provide synthetic exposure rather than ownership of company shares. If a company remains private, Entropy follows its documented No-IPO Resolution process.
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Connect your 𝕏 account
Go to the Leaderboard page and connect your X account.
→ Select Leaderboard from the Entropy menu.
→ Connect 𝕏 and return once Entropy makes the rankings live.
💡 The leaderboard currently shows Coming Soon. Entropy has not announced leaderboard prizes or confirmed that leaderboard activity will count toward a future airdrop.
* The Entropy Airdrop is not confirmed, but early trading activity could count if Entropy later rewards pre-TGE users. Follow @entropyIO on 𝕏 for the latest updates and announcements.
Use the AirdropAlert Eligibility Checker to check your wallet eligibility for Airdrops.
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