Monarch

Monarch partners with projects to launch and operate liquid markets on Hyperliquid.

Our infrastructure covers two problems that every new market faces:

• Liquidity: Our Marina module rewards market makers with transparent, on-chain rewards for tight, continuous quoting.
• Market deployment, capital, and automated trading fee routing: Our Citadel Module helps HIP-1 deployers launch spot markets and enables HIP-3 deployers to manage HYPE stake, capital providers, and automated trading fee routing.

The goal is simple: help projects own their markets instead of renting distribution from centralised exchanges or paying retainers for empty order books.

Who Uses Monarch

Projects and Foundations

Launch a Hyperliquid market, improve spreads, deepen liquidity, and create genuinely tradeable markets.

For projects

Market Makers

Provide liquidity to Marina campaigns and earn rewards based on measured on-chain performance.

For market makers

Vault Depositors

Deposit into Marina Earn vaults that allocate capital to market making strategies. Vaults carry market risk and should be evaluated on current parameters and live performance.

For vault depositors

Hyperliquid Deployers

Use Citadel to deploy HIP-1 spot markets or manage HIP-3 stake, capital providers, and automated trading fee routing.

Citadel overview HIP-1 spot deployment HIP-3 perp deployment

Core Modules

Marina

Marina is the liquidity incentive layer for Hyperliquid spot and HIP-3 perp markets.

Marina Liquidity Module

Citadel

Citadel is the market deployment, capital, and automated trading fee routing module for Hyperliquid markets.

Citadel overview

Analytics

Monarch monitors spreads, depth, maker activity, volume, and market health so teams can see whether liquidity is actually improving.