About Kittenswap
Kittenswap is a decentralized exchange (DEX) built as a fork of Velodrome, operating on the Hyperliquid layer 1 blockchain. The platform enables users to perform token swaps, provide liquidity to both volatile and stable pools, and participate in governance through pool voting mechanisms that determine reward incentives. As a key player in the Hyperliquid ecosystem, Kittenswap brings the successful Velodrome model to a new environment, offering enhanced trading capabilities and yield opportunities. The platform’s architecture supports both standard volatile pools and specialized stable pools, catering to different trading and investment strategies.
Proceed with caution
Hopium-based speculation
How to Farm
- 1. Acquire HYPE tokens
- 2. Bridge HYPE to HypeEVM Network
- 3. Connect wallet to Kittenswap
- 4. Swap HYPE to WHYPE or PAWS
- 5. Provide liquidity to WHYPE/PAWS pool
- 6. Share your unique referral link
- 7. Claim your veKITTEN tokens
This is a referral link
Why Farm Kittenswap?
Kittenswap is the first Velodrome fork on Hyperliquid, which matters because Hyperliquid has been one of the strongest performing L1s in recent months. The chain is already doing serious volume through its perps DEX, and that user base needs somewhere to trade and provide liquidity for spot tokens. Being first mover as a full-featured DEX in this ecosystem is a real advantage.
The veKITTEN token model is already live, which means they're running a points system that converts to actual governance tokens. They're not being vague about it. Velodrome forks have historically rewarded early LPs well — look at Aerodrome on Base. The issue here is this is C-tier speculative, so you're betting on Hyperliquid's ecosystem expansion and Kittenswap capturing meaningful TVL. If HYPE continues its momentum and more projects launch on HypeEVM, Kittenswap could be the default swap venue. If not, you're farming a ghost chain.
Earning Strategies
Farm the WHYPE/PAWS Liquidity Pool
The WHYPE/PAWS pool is explicitly called out in the farming steps, which suggests it's getting preferential points multipliers. PAWS is another Hyperliquid ecosystem token, so this pool is probably receiving boosted rewards to build liquidity for native assets. You'll need equal dollar values of both tokens to add liquidity.
The risk here is impermanent loss if either token moves significantly against the other. PAWS is less established than HYPE, so it's the volatile side of this pair. But if you're farming points, concentrated activity in featured pools usually beats spreading yourself thin. Check the 'Points' section regularly to see your accumulation rate and adjust if the multipliers change.
Maximize veKITTEN Lock Duration
The Velodrome model rewards longer token locks with more voting power and better fee sharing. Once you claim veKITTEN, you'll likely have the option to lock it for extended periods. Longer locks mean higher APR from trading fees and potentially better airdrop allocations if they do a second round.
This is a commitment play. You're betting Kittenswap becomes the primary DEX on Hyperliquid and maintains volume. If the ecosystem doesn't grow or another DEX launches with better incentives, you're stuck. But early veKITTEN holders typically get outsized rewards from protocol revenue as the first to lock. Time your lock based on how bullish you are on HYPE's ecosystem expansion.
Work the Referral Program Actively
Step 6 specifically mentions a referral link in the Points section. Referral programs in Velodrome forks usually give you a cut of your referrals' points, not just a one-time bonus. If you're active in Hyperliquid communities or have crypto-native followers, this could multiply your returns significantly.
Don't spam it mindlessly, but if you're already farming, sharing with people who would genuinely use Hyperliquid makes sense. The best referral farmers target specific communities — Hyperliquid Discord, Twitter threads about HYPE ecosystem plays, or group chats with other airdrop farmers. Track which referrals are actually active so you know what works.
Ecosystem & Related Protocols
Kittenswap runs on HypeEVM, which is the EVM-compatible execution layer of Hyperliquid L1. Hyperliquid launched as a perps-focused chain and has been expanding into general DeFi. The main protocols in this ecosystem right now are the native Hyperliquid perps exchange (which does billions in monthly volume), and emerging DeFi apps like Kittenswap trying to capture the spot trading market. You'll also see PAWS mentioned in the farming steps — that's another ecosystem token gaining traction.
The bridge from mainnet to HypeEVM is still relatively new, so you're early to this ecosystem but also exposed to bridge risk and lower liquidity than established chains. Think of this as similar to farming Aerodrome when Base was just launching — high risk but potentially high reward if the chain takes off. Other Hyperliquid DeFi projects are starting to appear, but Kittenswap is currently the most established DEX option. The success of your farm directly correlates to whether Hyperliquid can maintain its momentum and attract more projects and users to HypeEVM.
Risk Assessment
Smart contract risk is real here because this is a fork deployed on a relatively new EVM implementation. Velodrome's code is battle-tested on Optimism, but porting it to HypeEVM and any modifications Kittenswap made introduce new attack surfaces. The team is anonymous as far as public information shows, which is common for forks but means no reputation on the line. They haven't announced an audit from what's publicly available, which is a red flag for the amount of TVL they're trying to attract.
The bigger risk is opportunity cost and ecosystem failure. You're bridging to HypeEVM and providing liquidity in a speculative market. If Hyperliquid's hype dies down or another DEX launches with better incentives, your liquidity could be stuck earning nothing. The C-tier confidence rating exists for a reason — this isn't a sure thing like farming Arbitrum or Starknet was. The veKITTEN tokens you earn might launch at a low FDV and dump immediately, or the team could pivot their tokenomics before launch. You're also exposed to PAWS token risk if you're farming that pool, which is another speculative asset. Only farm with amounts you can afford to have locked or underwater for months.
Frequently Asked Questions
What is the Kittenswap airdrop?▼
How can I qualify for the Kittenswap airdrop?▼
Is the Kittenswap airdrop confirmed?▼
Is Kittenswap airdrop worth it?▼
How much can I earn from Kittenswap airdrop?▼
When is Kittenswap token launch?▼
What is the difference between HYPE and WHYPE tokens?▼
Do I need to keep liquidity provided to earn Kittenswap points?▼
This content is for informational purposes only and does not constitute financial advice. Always do your own research (DYOR) before participating in any airdrop or DeFi protocol.
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