Hibachi.xyz — A New Decentralized Perpetual Futures Trading Platform Backed by Dragonfly

LayerPrism Hibachi

Introduction

Hibachi.xyz is an early-stage decentralized exchange (DEX) focused on perpetual futures trading. Despite being in its infancy, the platform already boasts a robust technical stack and partnerships with prominent names in the blockchain space: Celestia, Succinct Labs, and Hashflow.

One of the co-founders of Hashflow is now spearheading the development of Hibachi, signaling strong leadership and continuity from a successful DeFi project.

Key Highlights

🧠 Founding Team & Backing

  • Founders & Developers with experience at top-tier institutions such as:
  • A mix of professionals from both DeFi and TradFi , offering deep market understanding and execution capabilities.
  • Recently closed a $5M seed round supported by leading venture funds, including Dragonfly Capital.

⚙️ Technology Stack

Hibachi is built on cutting-edge infrastructure:

  • Zero-Knowledge (zk) technology for:
    • Privacy
    • Verifiability
    • Trust through code-level guarantees
  • Fully-fledged DEX for perpetual futures contracts (USDT/USDC pairs)
  • Multi-chain support for Arbitrum and Base
  • Accessible via Web3 wallet or email login

Core Features:

  • Limit and market orders
  • Subaccounts
  • Insurance fund
  • Modular architecture leveraging Celestia (data availability) and Succinct Labs (ZK acceleration)

🔥 Hibachi Points — Incentive Mechanism

Hibachi introduces a native points-based system to track user engagement, reward participation, and align incentives between traders and the platform.

LAYERPRISM HIBACHI QUESTS

📌 How It Works:

  1. Trade & Engage: Every action on the platform earns you Hibachi Points.
  2. Mystery Box: Earn random rewards ranging from 25 (common) to 5,000 (ultra-rare) Points.
  3. Smart Recognition: Experienced traders from other platforms are identified and receive bonus points upon joining.
  4. Early Adopter Bonus: Extra rewards for early participants.
  5. Referral Program: Up to 45% of fees shared with referrers.
  6. Weekly Boost Events: Special promotions offer increased point multipliers during specific periods.

These points will play a pivotal role in future tokenomics, governance, and exclusive privileges on the platform.

🌍 Why Now Is the Right Time to Join

  • The protocol is still in its early stages, offering first-mover advantages.
  • Strong team with proven experience in infrastructure development and scaling.
  • Strategic integrations with Celestia, Succinct Labs, and Hashflow.
  • Beta phase provides ample opportunity for activity, contribution, and earning future rewards.
  • Potential to mirror the success trajectory of projects like Hyperliquid, GMX, etc.

👀 Outlook

Hibachi represents a promising new venue for points farming and early adoption. With an experienced and generous core team—backed by Hashflow and Celestia, who have a track record in marketing and listing strategy—the platform is well-positioned for growth.

There’s strong potential for the team to replicate the success of Hyperliquid and establish Hibachi as a leading player in the decentralized derivatives space.

📎 Useful Links

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