Whale.ag

Whale.ag is a non-custodial trading platform that facilitates on-chain perpetuals trading via Hyperliquid, offering unique features such as copy trading and earning from trading volume. Launched to provide a seamless trading experience without taking custody of users' funds, Whale.ag allows traders to execute trades directly from their connected wallet, making it an integral part of the Hyperliquid ecosystem. ^[1]​^[3]

The platform is designed to cater to serious traders, giving them access to a real-time order book, market and limit orders, adjustable leverage, and comprehensive trading analytics. ^[1]​

Platform Design & Features

Whale.ag's platform is developed around the core concept of non-custodial trading. This ensures that users’ funds remain in their personal Hyperliquid accounts, emphasizing security and control over assets. Each transaction is signed directly by the user, preserving the ownership and security of their funds, even if Whale.ag is no longer available. ^[1]​

One of the standout features of Whale.ag is its advanced trading terminal. The terminal supports live charts, an order book, and both market and limit orders that can be executed either on cross or isolated margins. This is enhanced by intuitive features like drag-and-drop take-profit (TP) and stop-loss (SL) levels directly on the charts. ^[1]

Additionally, Whale.ag offers a feature called “one-approval trading,” allowing users to place multiple orders without repeated wallet prompts. ^[1]​

Copy Trading & Alpha50

Copy trading is a significant feature offered by Whale.ag, where users can deploy agents to mirror the trades of top performers on the platform. Unlike traditional copy trading, Whale.ag allows users to control a sizing multiplier and set parameters such as stop-losses and which coins to follow. This ensures flexible and customizable investment strategies that cater to individual risk tolerance and trading preferences. ^[1]​

The platform also features the Alpha50 Hive, a consensus strategy that aggregates the strategies of the top 50 traders on Hyperliquid. This allows users to copy a diversified strategy that is consistently adjusted based on the performance of the most successful traders on the platform. The Alpha50 strategy is both votable and copyable, providing users with another layer of strategic trading engagement. ^[1]​

Earning Through Referrals & Trading

Whale.ag not only facilitates trading but also offers users the opportunity to earn from the volume they generate on the platform. The platform features a referral system that rewards users with a percentage of the builder fees from traders they bring to the platform. This percentage increases as the network's volume grows, encouraging traders to invite more participants to the ecosystem. ^[1]​

Additionally, every trade on the platform earns users season points, which contribute toward unlocking higher tiers and discounts on fees. This gamification of the trading process encourages more activity and deeper engagement with the platform's features. ^[1]​

Security and Custody

A critical aspect of Whale.ag's offering is its approach to security and custody. By design, Whale.ag is non-custodial, meaning that the platform never holds users' private keys or funds. The funds remain locked in the users’ Hyperliquid accounts at all times, and only the users can move them. This fundamentally enhances security and ensures that even in the event of Whale.ag going offline, users' assets remain secure and accessible. ^[1]​

This design necessitates users to fund copy-trading agents deliberately, allowing them to manage capital allocations actively. The user can reclaim these funds at any time with a single signature, ensuring that the user's control over their assets is never compromised. ^[1]​

Market Data & Trading Analytics

Whale.ag provides extensive market data and trading analytics to empower traders with real-time data to make informed decisions. The platform supports various pairs with significant trading volumes, and traders can view live data of top-rank traders, open interests, and funding rates. Such data is pivotal for traders to evaluate their strategies according to real-time market movements and crowd positioning practices. ^[2]​

Furthermore, a sophisticated dashboard gives insights into smart money flows and trader discovery, allowing users to observe market trends and sentiments, thereby providing a competitive edge to active traders. ^[1]​