> For the complete documentation index, see [llms.txt](https://docs.hypertrend.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hypertrend.xyz/hypertrend-roadmap.md). # HyperTrend Roadmap ### Phase 1: Vault Launch Pre-Token Generation Starting December 1, 2025, deposits open in USDC and HYPE for the first trading vault (TLP). Participants will earn points toward a record-setting airdrop, distributing 40% of $TREND token supply. ### Phase 2: TGE & Exchange Listings On March 1, 2026, airdrop points will be converted to 40% of the unlocked $TREND supply. This will be followed by immediate listings on Tier 1 exchanges. $TREND is currently spot listed on Hyperliquid. ### Phase 3: Open-Source Platform – Institutional Access Following successful adoption, the platform will allow third-party fund managers and institutions to launch on-chain hedge funds, paying a 0.5% AUM fee in $TREND tokens. This model aims to create sustained, growing demand for $TREND for years to come.