> For the complete documentation index, see [llms.txt](https://docs.neutral.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.neutral.trade/for-capital-allocators/deprecated-vaults/hype-sol-deprecated.md).

# HYPE/SOL \[Deprecated]

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**⚠️ Deprecated vault — historical reference only.**

This vault has been deprecated and is no longer active on Neutral Trade. It is not accepting deposits and is not part of the current product line-up. Do not present this strategy as available or current. For live vaults and current data, see the active strategies and the API reference at <https://www.neutral.trade/api/v1/docs>.
{% endhint %}

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

A high-conviction, trend-following trade: long HYPE, short SOL. Requested by community.

Use the Neutral Trade referral link when signing up on Hyperliquid to get LOWER TRADING FEES and unlock FUTURE PERKS:

{% hint style="info" %}
Use the Neutral Trade referral link when signing up on Hyperliquid to get LOWER TRADING FEES and unlock FUTURE PERKS:

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

***

### SUMMARY:

* **Long HYPE** (spot exposure, not staked)
* **Short SOL** (via perpetuals – earns funding yield)
* Rebalanced daily to keep position sizes matched
* Bet is simple: **HYPE will outperform SOL**

### The Idea

You're not betting on the whole crypto market — just that **HYPE outpaces Solana**.

* HYPE is **exploding**: volume up, new all-time highs, major buzz
* SOL is the **benchmark**: still strong, but slowing — perfect to short
* Shorting SOL earns you **positive funding**

➡️ The vault rides **HYPE > SOL** performance, with daily balancing to keep exposure sharp.

***

### Position Breakdown

| Leg   | Asset          | Allocation | Yield        |
| ----- | -------------- | ---------- | ------------ |
| Long  | HYPE (spot)    | 50%        | None         |
| Short | SOL perpetuals | 50%        | Earn funding |

* Rebalanced daily or when one leg moves >5%
* Execution via TWAP with tight slippage controls

***

### Why HYPE > SOL?

| Metric       | HYPE             | SOL                |
| ------------ | ---------------- | ------------------ |
| Market Cap   | $4.5B            | $88B               |
| Volume (24h) | $490M            | $3.7B (DEX only)   |
| Hype Level   | 🔥 High          | 🧘 Steady          |
| Narrative    | Upstart breakout | Established leader |

🧠 If HYPE captures even a **fraction** of SOL’s cap, the upside is huge.

***

### Risks

* **If SOL outperforms HYPE**, vault takes a hit
* You're making a directional bet on HYPE vs. SOL

But:

* Short earns **positive** **funding yield**
* HYPE momentum is **strong**

***

### Vault Terms

| Item        | Detail         |
| ----------- | -------------- |
| Commission  | 10% of profits |
| Service Fee | 0              |

***

### Who’s This For?

* HYPE bulls who want a focused relative trade
* Degens chasing **trend-driven alpha**
* Allocators looking to diversify beyond broad market beta

***

## DEPOSIT HERE:

{% hint style="info" %}
<https://app.hyperliquid.xyz/vaults/0xaae8a508a5e39c134a4d6a49d7dce82a17f84651>
{% endhint %}

***

**Launch date — 10 Jule 25'**