# \[Hyperliquid] ALT Dominance \[Deprecated]

<figure><img src="/files/C2LkqZteOEbAjEvGng6K" alt=""><figcaption></figcaption></figure>

Neutral Trade is now live on Hyperliquid — starting with our [Funding Arb](/for-capital-allocators/market-neutral/hyperliquid-funding-arb.md) strategy and expanding with two brand-new Dominance Vaults, built directly on Hyperliquid’s native vault infrastructure.

{% hint style="info" %}
Save more on Hyperliquid! Use our Referral Code:

<https://app.hyperliquid.xyz/join/NEUTRALTRADE>
{% endhint %}

<figure><img src="/files/ekrfomtMzWbkND8k4xxS" alt=""><figcaption></figcaption></figure>

## 🤔 What is Dominance?

Dominance shows how much of the total crypto market is allocated to a specific asset — **BTC** or **Altcoins.**

### ➗Formulas:

$$
\text{Dominance}*{BTC} = \frac{\text{Market Cap}*{BTC}}{\sum\_{i=1}^{N} \text{Market Cap}\_i}
$$

This ratio reflects capital flows:

* **BTC Dominance ↑** → Capital is rotating into Bitcoin (risk-off)
* **BTC Dominance ↓** → Capital is rotating into altcoins (risk-on)

**ALT Dominance** is simply the inverse:

$$
\text{Dominance}*{ALT} = 1 - \text{Dominance}*{BTC}
$$

## 1. ALT Dominance Vault

<figure><img src="/files/WchjirYrSMQVc422p8LT" alt=""><figcaption></figcaption></figure>

#### This vault targets **altcoin strength relative to BTC** — also known as ALT SEASON

It goes:

* **Long top-20 altcoins** (ETH, SOL, meme coins, etc.)
* **Short BTC** as the hedge

You earn when altcoins **outperform Bitcoin**, regardless of market direction

### 1.1 Mechanics and features

* Fully collateralized, 1× notional exposure
* Cap-weighted altcoin basket updated daily
* Automated algorithms (No manual rebalancing)
* Market-neutral (You are only exposed to BTC/ALT dominance)

### 1.2 ALT Dominance Vault Flow

{% @mermaid/diagram content="flowchart TD
A\[User deposits USDC] --> B(ALT Dominance Vault)
B --> C(Short BTC)
B --> D(Long Top Alts Basket)
C & D --> E{Daily<br>Rebalance}
E --> F\[Vault P\&L]" %}

### 1.3 Live Allocation (The latest snapshot for example)

| Asset       | Direction | % of Vault AUM     |
| ----------- | --------- | ------------------ |
| Top-20 Alts | Long      | 49% (cap-weighted) |
| BTC         | Short     | 51%                |

### 1.4 Weights Visualization (The latest snapshot)

{% @mermaid/diagram content="pie title ALT Dominance Vault – Weights
"Top 20 Alts Long (ETH, XRP, BNB, SOL..)" : 49
"BTC Short" : 51" %}

***

## How You Make Money

Crypto doesn’t just move up or down — it **ROTATES**

Sometimes Bitcoin leads. Sometimes altcoins run. That back-and-forth creates one of the most reliable patterns in the market — and **Dominance Vaults** are built to capture it

### Here's how you benefit:

#### 1. **Profit from Capital Rotation**

Markets frequently rotate between **risk-on** (focused on altcoins) and **risk-off** (focused on Bitcoin) phases, representing two flip sides.

You make money when one side **outperforms** the other, even if overall prices stay flat.

<figure><img src="/files/3dydfNmJSAF0Xf4GBbKO" alt=""><figcaption></figcaption></figure>

#### 3. Risk-controlled investment

The vaults spread your position across a carefully selected basket of assets — including L1s, DeFi, memes, and majors — to reduce the impact of any single token blowing up or underperforming

### TLDR:

* **BTC Dominance Vault** → Long BTC / Short Alts → Works best during BTC rallies or corrections
* **ALT Dominance Vault** → Long Alts / Short BTC → Works best during altcoin season
* 100% market-neutral, daily-rebalanced and auto-optimized
* Easy to use

***

## Fees & Withdrawals

10% commission on profits our trading made for you.

***

## Deposit Links:

Neutral Trade website:

{% hint style="info" %}
[https://www.app.neutral.trade/strategies/](https://www.app.neutral.trade/strategies/hyperjlp)
{% endhint %}

Hyperliquid directly:

> ALT Dominance Vault: <https://app.hyperliquid.xyz/vaults/0xb03715bec4514ae7d338fcd85053ca227a1fb823>

## Check Positions Here (Hyperliquid)

{% hint style="info" %}
ALT Dominance Vault: <https://app.hyperliquid.xyz/vaults/0xb03715bec4514ae7d338fcd85053ca227a1fb823>
{% endhint %}

***

### Launch date - 25th June 25'


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.neutral.trade/additional-info/deprecated-vaults/hyperliquid-alt-dominance-deprecated.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.