Introduction
This guide explains how HYPE on HyperCore is deposited to Derive. The process consists of two main steps:
Transfer HYPE from HyperCore to HyperEVM;
Deposit HYPE from HyperEVM to Derive;
(Optional) HYPE Portfolio Margin.
1. Transfer HYPE from HyperCore to HyperEVM
→ To complete this step, open the Hyperliquid app and connect your EVM wallet.
1A. Navigate to the Portfolio page and select [EVM-Core Transfer]
1B. Transfer HYPE spot balance from HyperCore to HyperEVM
Your HYPE is now on the HyperEVM - View your balance at hyperevmscan.io.
2. Deposit HYPE from HyperEVM to Derive
→ To complete this step, open the Derive app and connect the same EVM wallet.
2A. In the main navigation bar select [Deposit]
2B. Deposit HYPE balance from HyperEVM to Derive
The first time you deposit, A Standard Margin subaccount is created. You can create multiple subaccounts, including Portfolio Margin subaccounts.
3. (Optional) HYPE Portfolio Margin
Portfolio Margin with risk-reducing collateral lowers margin requirements and liquidation risk for hedged strategies like Covered Calls and Basis Trades.
3A. Navigate to the Subaccounts page and select [Create subaccount]
3B. Create Portfolio Margin V2 subaccount for HYPE market.
