Recent changes in Hyperliquid allowing the integration of Avail Nexus have significantly simplified the asset deposit process, making it more accessible for users.
Challenges with Deposits in Hyperliquid
Currently, users face significant interoperability issues when depositing liquidity from unsupported chains. It is important to note that Hyperliquid only natively supports a limited number of tokens across a few blockchains, complicating the deposit process unnecessarily. To deposit assets, users must hold both ETH and USDC or USDT on Arbitrum.
Integration of Avail Nexus
The Avail team recently demonstrated how the deposit process could be significantly streamlined using Avail Nexus at a recent Hyperliquid hackathon. With the Nexus SDK enabled, users can efficiently deposit assets from 9 different ecosystems, including Ethereum, Optimism, Polygon, Arbitrum, and Avalanche, without leaving the Hyperliquid app.
Simplifying Processes with Avail Nexus SDK
With the SDK enabled, users can access their funds as a single, unified balance, eliminating the need to manually move tokens across networks. Once allowances are approved by the user, they are shown the source chains of their assets and fee breakdown for the transaction. The entire process takes under a minute, allowing users to remain on the Hyperliquid platform the entire time.
The integration of Avail Nexus represents a significant step towards simplifying the asset deposit processes in Hyperliquid, enhancing user convenience and reducing barriers.
