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Frequently Asked Questions

General​

What is Helm?​

Helm is an oracle-based AMM on Hyperliquid that provides zero impermanent loss for liquidity providers through atomic delta hedging. See the Introduction for a full overview.

How is this different from Uniswap?​

Traditional AMMs like Uniswap use a constant product formula (x*y=k) where LPs suffer impermanent loss. Helm uses oracle pricing and hedges every trade on HyperCore's perpetual market, eliminating IL.

Is Helm audited?​

Audits are in progress. See Security Audits for the latest status and links to published reports.

Providing Liquidity​

Do I need to deposit both tokens in a pair?​

No. Helm uses single-sided deposits. You deposit one token and the protocol handles the rest.

What's the difference between NEUTRAL and BULL pools?​

  • NEUTRAL: Stablecoin exposure — your position value stays flat in USD terms. Earns trading fees + potentially funding fees.
  • BULL: Token exposure — your position moves 1:1 with the token price. Earns trading fees.

See Pool Types for a detailed comparison.

Why is there a withdrawal delay?​

The configured delay allows the protocol to safely unwind hedge positions on HyperCore and bridge assets back to EVM. It defaults to 3 days unless governance changes it. This protects remaining LPs from being affected by rapid withdrawals. See Withdrawal Queue.

Can I withdraw instantly?​

If the pool has sufficient EVM-side liquidity, instant withdrawal may be available for a small fee.

Fees​

How are swap fees calculated?​

Fees are dynamic and combine base, imbalance, market impact, and stablecoin confidence components, plus a premium price adjustment. See Dynamic Fees.

What fees do LPs pay?​

LPs don't pay ongoing fees. They earn fees from trading activity. The only cost is the withdrawal fee (if using instant withdrawal) and inherent costs like funding rates.