Hyper Scheme Treasury

Most treasuries ask you to believe they are there.

Ours is a contract. You read its position in the same call as your balance, on the same chain, with no attestation in between.

How it works The treasury @Hyper_Scheme

Supply

1,000,000,000

Market

nothing deployed yet

Desk

not opened

Chain

HyperEVM 999

01 / Where it lives

The treasury is on HyperCore. The protocol is on HyperEVM.

On Hyperliquid an address has two sides: an EVM side where contracts live, and a Core side where markets settle. Same address, two sides. Which means a contract can hold a position on Core and be the one that opened it.

So the treasury is not a multisig. It is not a manager with a mandate. It is the contract, and there is no human anywhere in the custody path.

02 / The machine

Three moves, and none of them need trusting anyone.

Mint

You deposit, the contract deploys.

Stablecoins in. The contract routes them to its own Core account and opens exposure to real world markets, on a basket fixed in code and published in advance. You receive tokens at the current backing, plus an entry spread.

Backing

A number you read, not one you are told.

Backing per token is account equity divided by supply, and it is a view function. No oracle to trust, no attestation, no monthly PDF. The market can pay more than backing. It cannot pay less for long, because the exit is always open.

Redeem

The door is open, and it costs something.

You return tokens, the contract reduces the position pro rata, and you are paid the backing minus an exit spread. That spread does not go to a team wallet. It stays in the treasury.

Which gives the only claim we will ever make: every exit makes the remaining tokens worth more. That is not a yield promise, it is arithmetic.

03 / The treasury, live

Two columns, because only one of them is proof.

A contract on HyperEVM can read the reserve it holds, because that is a balance on its own chain. It cannot read a builder deployed position: the price precompiles answer for the core universe and revert on every HIP-3 market. Your browser has no such limit, so the sleeve below is the venue's word, and it is labelled that way.

LineAmountWhere the number comes from
Reserve on HyperEVM not funded chain read · a contract can prove this
Core account equity not funded exchange API · the venue's word
Sleeve on xyz not funded exchange API · the venue's word
Treasury, everything in not funded the two above, added up
Supply 1,000,000,000 chain read · totalSupply()
Backing per token n/a treasury divided by supply
Funding paid since open n/a exchange API · the rent on the position

Two of these lines a contract could check for itself. Three of them you are taking the venue's word for. Nobody else will draw you that line, so it is drawn here.

MarketSideSizeEntryValueUnrealised
Reading.

Positions refresh every 15 seconds, straight from the exchange. The full treasury page carries what each market costs to hold, the rules the contract keeps, and the counterparty behind them.

04 / The part most protocols leave out

Holding exposure costs money, continuously.

A position pays funding whether the market moves or not. That is rent on the treasury, and it is the number that decides whether the backing climbs or bleeds. So the exit spread is not decoration, it is what pays the rent.

The rule
Exit spread times annual turnover has to clear the funding cost of the basket. Below that line the backing bleeds no matter how the market behaves, and above it the backing climbs on flow alone.
The basket
Picked for what it costs to carry, not for what sounds good in a thread. We would rather hold something cheap and boring that compounds than something loud we pay for every hour.
The leverage
Capped in the contract, with a reserve that is never committed. A liquidated treasury is a backing of zero, and there is no version of this where that is an acceptable risk to take for a few extra points.

05 / What this is not

There is no vault of metal and no share register.

The exposure is synthetic. It settles on a venue whose operator runs its own oracle, and that operator is a counterparty. We will name it plainly, with its numbers, before anyone is asked for a dollar.

The token itself is the plainest thing here: fixed supply, no mint function, no owner, no pause, no blocklist, no fee on transfer. It cannot take custody of anything, which is why it is the only contract with no way to withdraw.

06 / Where this actually is

Deployed, verified, and open.

Contracts

Deployed, verified, rehearsed.

A plain ERC20 and a desk that holds one position. No owner, no mint, no pause, no blocklist, no fee on transfer. Both are on HyperEVM with their source published, and the whole sequence has been replayed on a fork against these exact contracts: open at 77 HYPE with the supply on one side and no HYPE spent, a real buy through the pool, then everything pulled back in a single call.

SCHEME LpDesk

Treasury

Held back on purpose.

HyperEVM cannot yet read a builder deployed market from inside a contract, so a treasury that traded one could not prove its own backing on chain. We are not shipping a number you would have to take our word for.

Market

Open.

One pool on HyperSwap v3 at 0.3 %, opened single sided at a 77 HYPE market cap with no capital put in against it: the whole supply rests on one side of the price and nothing was paired against it. The strip at the top reads the chain rather than this sentence, so trust it over us.

Pool