Deposit Lifecycle

This is the initial state of an operation, which is created when a deposit is discovered in a block. A deposit is identified as follows:

• Bitcoin: A Bitcoin output - greater than the minimum 0.002 BTC - to a Unit deposit address.

• Ethereum: An ETH transfer from an EOA or contract - greater than the minimum 0.05 ETH - to a unit deposit address. Ethereum deposits uniquely correspond to a trace.

• Solana: A solana transfer to a Unit deposit address greater than 0.2 SOL

  • Fart: An SPL transfer of fart to a Unit deposit address greater than 20 FART
  • PUMP: An SPL transfer of pump to a Unit deposit address greater than 10000 PUMP

Once a sourceTx is discovered, the deposit operation goes through validation, which includes checks for sanctioned addresses.

A transaction is considered unconfirmed until it has been included in a block on the source blockchain, at which point it has one confirmation. Each additional block is another confirmation. Confirmation requirements per source-chain are defined below

• Bitcoin: 2 confirmations
• Ethereum: 14 confirmations
• Solana: 32 confirmations

The guardians are constructing the Hyperliquid transaction payload to fulfill the deposit.

Additional verification steps before Guardians sign the Hyperliquid transaction.

The guardians are performing the MPC signature event for the Hyperliquid transaction.

The guardian network is submitting the destination transaction to the Hyperliquid network.

Unit requires 10 confirmations for a Hyperliquid transaction to be considered final.

The sweep of the source transaction has been performed and is finalized on the source network. The operation's state is officially "done" - this state is terminal.