Trove

Trove is a decentralized perpetual futures exchange built on Hyperliquid that lets traders take leveraged positions on collectibles, real-world assets, and equities. The platform supports up to 5x leverage on unconventional markets such as Pokémon card indexes, luxury watch indexes, Birkin bags, CS2 gaming assets, and equity perpetuals for companies like Nintendo and Popmart. Trove launched its public beta on November 27, 2025, and raised $20 million to purchase 500,000 $HYPE tokens for HIP-3 integration into the Hyperliquid ecosystem. While no official airdrop has been confirmed, the project runs an active points program tied to a future $TROVE token. Trove has released tokenomics allocating 38% of the $TROVE supply to Community Rewards and 20.5% to Ecosystem and Growth, with an ICO scheduled for January 8, 2026.

How to Participate in the Trove Airdrop

1. Connect your wallet to Trove Markets. Visit the Trove webapp and connect a compatible wallet. Enter a referral code during onboarding to activate a +10% trading points boost that lasts 90 days.
2. Check your ecosystem snapshot points. If you were active across Hyperliquid ecosystem protocols before the December 5, 2025 snapshot, navigate to the Points page while connected to the HyperEVM testnet network. Protocols included the snapshot are Unit (bridged balances), Kinetiq (liquid staking value), Hyperlend (supplied collateral), Felix (account asset value), Hyperliquid Core (spot and perpetual trading volume), and Hypurr/Hypio/Pudgy NFT holdings. Connect your wallet to claim these points at the eventual TGE.
3. Fund your account with USDC. Purchase USDC on a centralized exchange and withdraw it to your wallet on Base or Arbitrum. On the Trove webapp, use the deposit interface to convert between1–5 USDC into 1,000–5,000 USDH on the beta platform.Please verify the token approval amount; authorize only the specific amount required for the transaction.
4. Trade RWA and collectible perpetuals. Open long or short positions on available markets. Prioritize maker limit orders to earn the 1.2x points multiplier on trading volume rather than the standard 1.0x rate for taker market orders. Focus on consistent volume since points scale with cumulative trading activity.
5. Explore new Beta V2 features. Trove has released Beta V2 with TWAP (Time-Weighted Average Price) orders and TLP for 24/7 instant trading liquidity. Utilize these tools to diversify order types and increase your on-platform footprint.
6. Join the trading competition (optional). Apply for the $200,000 prize pool trading competition by connecting your X account and describing your trading experience. This offers immediate value independent of any future token event.
7. Monitor your points regularly. Check your points balance and leaderboard standing. Users with more than 250,000 points who also participate in the ICO will receive boosted allocations ranging from +10% to +20% on their final distribution.

Sustained participation strategy: Rather than a single large trade, maintain regular trading activity across multiple markets. Rotate between collectibles and equity perpetuals to build volume naturally. Use limit orders consistently and share your referral link to compound the +10% boost from referred traders over 90 days.

Potential Reward

Trove has published tokenomics with38% of the $TROVE supply allocated to Community Rewards and 20.5% to Ecosystem and Growth. The points program is expected to contribute to $TROVE distribution at TGE, though the precise conversion rate between points and tokens has not been confirmed. Holders of more than 250K points who participate in the January 8, 2026 ICO receive allocation boosts of +10% to +20%. No official airdrop mechanism has been explicitly confirmed outside of this points-to-token framework.

Airdrop Requirements

• A wallet connected to the Trove platform on Hyperliquid (HyperEVM testnet for snapshot claims).
• USDC deposited and converted to USDH on the beta platform.
• Trading activity generating points through volume, with maker orders earning 1.2x and taker orders earning 1.0x.
• For snapshot points: prior activity before December 5, 2025 on eligible Hyperliquid ecosystem protocols (Unit, Kinetiq, Hyperlend, Felix, Hyperliquid Core, or holding Hypurr/Hypio/Pudgy NFTs).
• Wallet must remain connected so points can be claimed at TGE.
• For boosted ICO allocation: accumulate more than 250,000 points and participate in the ICO.

Latest Trove Airdrop Updates

Trove has released their tokenomics and announced an ICO scheduled for January 8, 2026, with Beta V2 now live featuring TWAP orders and TLP liquidity; mainet launch is planned alongside a mobile app via iOS TestFlight. The program status is listed as ended.

Risk

• No confirmed airdrop mechanism: The points program is speculative. There is no binding commitment that points convert to tokens at a specific ratio, and the structure could change before TGE.
• Leverage risk on illiquid asset classes: Collectible and RWA perpetuals at up to 5x leverage trade against thin liquidity relative to major crypto pairs. Price slippage and oracle delays could cause rapid liquidations.
• Beta platform risk: Trove is still in beta. Smart contract bugs, oracle failures, or liquidity provider issues on a non-mainnet environment carry heightened technical risk.
• Hyperliquid ecosystem dependency: Trove is deeply tied to Hyperliquid infrastructure. Any systemic issue on Hyperliquid (chain halts, bridge exploits, HIP-3 complications) would directly affect Trove users.
• ICO participation uncertainty: Boosted allocations require both high point totals and ICO participation. Users may face lock-up terms or vesting schedules that are not yet disclosed.

FAQ

Is the Trove airdrop officially confirmed?

No official airdrop has been confirmed. Trove runs a points program that is expected to feed into the $TROVE token distribution, and tokenomics have been published allocating 38% to Community Rewards, but there is no guarantee of a free airdrop separate from the ICO mechanism.

Can I still earn points if I missed the December 5, 2025 ecosystem snapshot?

Yes. Snapshot points are fixed for those who qualified, but any user can earn points through trading volume on the Trove beta platform. Using maker limit orders at the 1.2x multiplier and activating a referral code for a +10% boost are the primary ways to accumulate points going forward.

What assets can I trade on Trove?

Current markets include Pokémon card indexes, luxury watch indexes, Birkin bags, CS2 gaming assets, and equity perpetuals for Nintendo and Popmart. Trove has also introduced perpetual contracts on prediction markets through Polymarket integration. Beta V2 allows users to request new markets based on merit.

Data sources: Trove official website (trovemarkets.com), airdrops.io project page, Trove social channels on X and Telegram.