ROPESDocs
Elysium mainnet goes live Nov 9, 2026. ROPES is live on testnet now. Countdown →

Overview

One minute of Hyperliquid, on a rope. What ROPES is, what works today, and what doesn't yet.

ROPES is a one-minute prediction game on the HYPE price, running on Elysium, Kinetiq's Hyperliquid L2.

Every minute a new round opens. You pick UP or DOWN, and your climber's height on the wall is your position's live value, second by second. BAIL at any second and the contract buys your position back at the live price. Ride to the bell: if your side is right, your stack multiplies and rolls straight into the next minute. If it's wrong, you fall.

There is no order book. The contract itself is the market maker. On every trade it prices the round from the Hyperliquid mark, so you're in from the first second and you can always get out.

Why this exists

Hyperliquid has prediction markets, but the shortest native recurring one lasts a day, and listing a new one takes a 500k HYPE stake. Nothing in the ecosystem trades at the speed of a minute, because a one-minute market is a binary option that has to be re-priced every time the price moves. That only works on a chain with ~100 ms blocks and near-zero gas. That chain is Elysium.

What works today

On Elysium testnet (chain 99801), at ropes.nerom.site:

  • A round opens every minute, struck at the open of Hyperliquid's own 1-minute candle.
  • Buy UP or DOWN, BAIL at any second, settle at the bell, redeem. All on-chain, against RopeMarket.
  • The price of every trade is computed by the contract: fair(UP) = Φ(ln(S/K) ÷ σ√τ) plus a 1% spread.
  • A house vault takes the other side, with a per-round risk cap.
  • The scoreboard (ArenaRegistry) settles inside the same transaction as the money.
  • A missed bell voids the round and refunds every player exactly what they paid.
  • Free seats with no wallet, or your own wallet with a test-dollar bankroll.
  • A public audit: every strike and close equals Hyperliquid's published candle open. See the live check on /transparency.
  • 37 contract tests. Sources verified on the Elysium explorer.

What does not work yet

  • Mainnet and real USDC. Elysium mainnet goes live Nov 9, 2026. ROPES follows once a security review is done.
  • Per-player custody. On testnet, players' stakes sit in one pooled house wallet run by the game server, with a ledger of who owns what. Per-player on-chain positions come before real money.
  • Reading Hyperliquid directly. Until the HyperCore precompile ships (about four weeks after mainnet), a keeper relays the price. See Price source & audit.
  • Open trading. Only the operator can trade today, so nobody can front-run the relay.
  • More markets. HYPE only for now. BTC, SOL and the 24/7 S&P are next.
  • $ROPES. The token launches through Ascend after mainnet. See $ROPES.