Swap Solana to Bitcoin on Hyperliquid with Chainflip & Unit
Hyperliquid's introduction of Unit marks a major step in unlocking Bitcoin's potential within its ecosystem. Unit's Multi-Party Computation (MPC) and deposit address generation function similarly to Chainflip's own technology, allowing for transfer of native Bitcoin to and from ecosystems. With Chainflip, users have the ability to take it a step further, and swap native Solana, Ethereum straight into Hyperliquid.
How It Works: Swapping SOL to BTC Using Chainflip and HyperUnit
Here’s a step-by-step breakdown of how to swap SOL for BTC directly into Hyperliquid, leveraging both Chainflip and Unit:
Step 1: Get Your Bitcoin Deposit Address from Hyperliquid
- Navigate to Hyperliquid.
- Go to the Deposit section.
- Select Bitcoin as your deposit currency.
- Copy the Bitcoin deposit address provided.
This is where you’ll receive your BTC after swapping via Chainflip.
Step 2: Swap SOL for BTC on Chainflip
- Head over to Chainflip’s swapping interface.
- Paste the Hyperliquid deposit address as your BTC destination.
- Enter your refund address in the event slippage limits are hit.
- Input the amount of SOL you want to swap.
- Review the details and confirm the swap.
- Copy the deposit address generated for your SOL transfer.
Send the specified amount of SOL to the provided address.
Chainflip will process your swap and send BTC to your Hyperliquid deposit address automatically.
Step 3: Wait for Confirmation
After sending your SOL, wait for your swap to complete on Chainflip, and then return to Hyperliquid and wait for the required Bitcoin block confirmations. Once complete, your BTC will be available for use within Hyperliquid.
Why This Matters
By combining Chainflip and Unit, swappers have complete control on being able to swap into Hyperliquid. Additionally, other protocols and DeFi platforms can integrate this stack into their products, providing users with frictionless access to Hyperliquid.
Try It Now: Swap SOL for BTC on Chainflip & Hyperliquid
If you want a full video demonstration, you can find it here.
Ready to swap? Start now: