# Introduction to HyperCat
## HyperCat: The Liquidity Marketplace on HyperEVM
HyperCat is a decentralized exchange (DEX) built on the Algebra Integral smart contracts.
Leveraging a modular architecture powered by Algebra Integral’s V4 AMM, HyperCat enables flexible trading and liquidity management through the use of plugins, with support for custom hooks that will be available to extend on-chain functionality even further.
HyperCat will integrate with third-party automated liquidity management (ALM) tools, empowering users to explore incentive programs and earn yields through both manual and automated liquidity strategies.
## Our Mission
Our mission is to use proven technology to position HyperCat as the premier DEX on HyperEVM, play a key role in the HyperEVM ecosystem, and deliver an exceptional experience for traders and liquidity providers alike.
## Our Strategy
We focus on driving volume and fee growth through carefully planned emissions models and deflationary mechanics, including real yield distribution.
# Features
Built on Algebra Finance’s Integral architecture—similar in design to Uniswap V4—HyperCat uses a modular system that supports plugins (also known as hooks).
Plugins extend functionality beyond the core protocol, enabling a wide range of powerful upgrades. Some of the key plugin capabilities include:
* **Dynamic Fees:** Fees will adjust in accordance with market competition and volatility to maximize fees / TVL for our liquidity providers
* **On-Chain Limit Orders:** This will be a future feature that will allow users to strategically place single-tickSpacing limit orders that automatically get executed when a target price is reached
* **Dynamic Farming:** Farming rewards are allocated to those who provide the deepest liquidity to ensure that the most active liquidity gets incentivized the most.
With continued contributions from Algebra and the wider ecosystem, HyperCat is built to stay ahead on HyperEVM.
# Limit Order Book
SOON
# Tokenomics - Points
## Airdrop & Tokenomics
Hypercat Exchange is entirely self-financed, with no contributions from venture capital. Instead, it features a community-first airdrop of $HCAT, designed to be fair and transparent.
At the time of the Token Generation Event (TGE), 10% of the total $HCAT supply will be distributed to holders of HCAT Points, supporting an equitable launch. The team's share will remain completely locked from the beginning, demonstrating a strong, long-term dedication to the ecosystem.
### Important Details:
1. HCAT Points are distributed at a rate where 10% of the totalSupply will be distributed in 4 months.
2. If < 10% of the totalSupply is distributed by TGE, we will ensure the full 10% of the supply gets airdropped to points holders, so you'll receive a pro-rata higher amount than your points balance.
3. In the unlikely event that we go past 4 months prior to TGE, you will at the very least receive 1:1 $HCAT per HCAT Point. In other words, > 10% of the totalSupply will go to our points holders.
## Ways to Earn HCAT Points
* Contribute liquidity to selected trading pairs available on HyperCat
* Purchase tokens during the presale, which will take place at the TGE
## Revenue Sharing and Fee Sharing Mechanisms
The $HCAT token model is built around rewarding stakers through revenue sharing. When the platform launches, a fee structure will be introduced that allocates 25% of all collected fees exclusively to $HCAT stakers. Further information about this system will be provided as the launch date approaches.
Additional tokenomics details will be shared as we get closer to launch! 🚀
# Audits
## Exchange
HyperCat is powered by **Algebra Integral**, a battle-tested AMM engine. Algebra Integral has undergone multiple smart contract audits, ensuring a secure foundation.\
[\
👉 **Audits** | Algebra Integral](https://docs.algebra.finance/algebra-integral-documentation/algebra-integral-technical-reference/audits)
***
## Automated Liquidity Manager
HyperCat integrates with **Gamma** for Automated Liquidity Management. Like Algebra, Gamma’s infrastructure has been rigorously audited to guarantee reliability and performance.\
[\
👉 **Audits** | Gamma](https://docs.gamma.xyz/gamma/learn/audits)
# Brand assets