01
Hyperliquid Basics
A clear starting point for trading, vaults, and the architecture behind Hyperliquid.
Read note
Research notes / Hyperliquid
Stay curious.
Stay liquid.
Hyperliquid notes, education & tools for navigating the onchain frontier with a little more signal.
/ About the project
A calmer corner
of the perps internet.
decentrafried originated from a sustained interest in decentralized finance. Extended research into protocols, market structure, and on-chain systems can become highly absorbing, often occupying significant mental bandwidth.
The name reflects both that intensity and a deliberate method of resetting afterward — stepping away, smoking a joint, and allowing the residual noise to settle. The material that remains useful is organized and shared here.
/ The knowledge base
Learn 06 notes
Start with the fundamentals.
Go wherever curiosity takes you.
02
Liquid Staking Explained
How kHYPE and Kinetiq fit together, plus what to watch before you stake.
Read note03
Volume & Open Interest
Read the market beneath the candles with two metrics that actually matter.
Read note04
Token Deep Dives
Research notes on protocols, incentives, and the teams building on Hyperliquid.
Read note05
Risk Management on Perps
Practical frameworks for sizing, leverage, and staying in the game.
Read note06
How Buybacks Work
A plain-English look at protocol revenue, HYPE, and the flywheel.
Read note/ Useful by design
Tools & Referrals
A short list of places
worth your attention.
Some links are referral links and may support the site. I only share tools I've used or would confidently recommend.
01HyperliquidTrading venueThe onchain perpetuals exchange and home base for this research.02KinetiqLiquid stakingExplore liquid HYPE staking and the kHYPE ecosystem.03HypurrscanData dashboardTrack wallets, transfers, tokens, and protocol activity.04DefiLlamaMarket dataA broad view of TVL, volume, and where capital is moving.05HL.ecoHyperliquid ecosystemExplore projects, resources, and opportunities across the Hyperliquid ecosystem.06HyperdashAnalytics dashboardTrack Hyperliquid markets, activity, and ecosystem data in one place.