Hibachi
Innovative perpetual DEX with unique features
Farming Overview
Key Statistics
How to Farm Hibachi
- Trade perpetuals for points
- Stake tokens
- Participate in governance
Why Farm Hibachi?
- Very early stage with <1,000 DAU — minimal competition for points
- Zero maker fees make limit-order farming extremely cost-effective
- Strong VC backing: Dragonfly, Electric Capital, ARC (Circle's VC arm)
- 1M points distributed weekly, 1 point box per $10K volume
- No token yet — pre-TGE accumulation phase
- One of the least-farmed perp DEXs with asymmetric upside potential
About Hibachi
Hibachi is a privacy-first perpetual futures DEX built as a sovereign ZK rollup using Succinct for zero-knowledge proofs and Celestia for data availability. It operates on Arbitrum and Base with an off-chain CLOB achieving 6ms roundtrip latency. Backed by a $5M seed from Dragonfly Capital, Electric Capital, and Echo, the team includes alumni from Citadel, Tower Research, IMC, Meta, and Google.
Fee Structure
Key Features
- ZK proofs via Succinct with encrypted data blobs on Celestia
- Portfolio margin by default on all accounts
- Up to 50x leverage with cross-margin support
- Forced withdrawal guarantees if sequencer goes down
- Flash Markets for trending asset perpetuals
- Sub-accounts share master account's fee tier
Similar Perp DEX Protocols
Frequently Asked Questions
What is Hibachi and how does it work?
Hibachi is a privacy-first perpetual futures DEX built as a sovereign ZK rollup using Succinct for zero-knowledge proofs and Celestia for data availability. It operates on Arbitrum and Base with an off-chain CLOB achieving 6ms roundtrip latency. Backed by a $5M seed from Dragonfly Capital, Electric Capital, and Echo, the team includes alumni from Citadel, Tower Research, IMC, Meta, and Google.
How do I farm the Hibachi airdrop?
To farm the Hibachi airdrop, you should: Trade perpetuals for points. Stake tokens. Participate in governance. Hibachi is currently in the mid-late farming stage with confirmed airdrop status.
What is the expected value of the Hibachi airdrop?
The Hibachi airdrop has an expected value rating of 2 out of 5 ($$). The farming stage is mid-late and the airdrop status is confirmed. Expected value ratings on The Farmers Market consider factors like protocol TVL, funding, team quality, and token economics.
Why should I farm Hibachi?
Very early stage with <1,000 DAU — minimal competition for points Zero maker fees make limit-order farming extremely cost-effective Strong VC backing: Dragonfly, Electric Capital, ARC (Circle's VC arm)