FAQ

Answers to the most common questions about Lyraverse.

General Questions

What is Lyraverse?

Lyraverse is a comprehensive NFT platform built on Hyperliquid, featuring collection creation, multi-phase minting, integrated marketplace, and DAO governance capabilities.

What blockchain does Lyraverse use?

Lyraverse runs exclusively on Hyperliquid, a high-performance L1 blockchain optimized for DeFi and NFTs with low fees and fast transactions.

What token do I need?

All transactions use HYPE tokens. You'll need HYPE for minting, buying, and selling NFTs.

Are there gas fees?

Network fees are minimal on Hyperliquid (much lower than Ethereum). Platform fees are 2.5% on marketplace sales.

Wallet & Connection

Which wallets are supported?

• MetaMask (recommended)

• Coinbase Wallet

• Trust Wallet

• Any Hyperliquid-compatible wallet

How do I connect my wallet?

1. Install a compatible wallet

2. Configure Hyperliquid network

3. Visit Lyraverse and click "Connect Wallet"

4. Approve the connection

Wrong network error?

Switch to Hyperliquid Testnet in your wallet:

Network: Hyperliquid Testnet
RPC: https://api.hyperliquid-testnet.xyz/evm-rpc
Chain ID: 998

Creating Collections

What's the difference between simple and advanced mode?

Simple Mode: One public minting phase, perfect for straightforward drops Advanced Mode: Multiple phases, whitelists, custom timing, and DAO integration

Can I change collection settings after creation?

Some settings are editable (description, links), but core parameters like name, max supply, and creator address are immutable.

What's the maximum collection size?

10,000 NFTs per collection. Consider user experience and gas costs when choosing your supply.

How do royalties work?

Creators earn 0-25% of secondary marketplace sales. This incentivizes long-term value creation.

Minting NFTs

Why can't I mint?

Common reasons:

• Collection not live yet

• Insufficient HYPE balance

• Exceeded per-wallet limits

• Wrong network selected

What's the difference between public and whitelist phases?

Public: Open to everyone, usually higher price Whitelist: Invite-only, lower price as reward for early supporters

Can I mint multiple NFTs at once?

Yes, up to 10 NFTs per transaction (subject to collection limits).

What happens if mint fails?

Funds are automatically returned. Check your balance and try again.

Marketplace

How do I buy NFTs?

1. Browse marketplace or collection pages

2. Find an NFT you like

3. Click "Buy Now"

4. Confirm transaction in wallet

How do I sell NFTs?

1. Go to your NFT's detail page

2. Click "List for Sale"

3. Set your price in HYPE

4. Confirm listing transaction

What are the fees?

• Platform Fee: 2.5% on all sales

• Royalties: Creator-set percentage (0-25%)

• Network: Minimal Hyperliquid fees

How long do listings take to appear?

Usually instant, but up to 30 seconds during network congestion.

Rarity & Value

How is rarity calculated?

Rarity percentage = (trait count ÷ total NFTs) × 100. Lower percentage = rarer trait.

What do the rarity grades mean?

• Legendary (≤2%): Ultra rare

• Epic (≤5%): Very rare

• Rare (≤8%): Rare

• Uncommon (≤12%): Moderately rare

• Common (>12%): Common

Do rare NFTs always cost more?

Not necessarily. Rarity is one factor among many (art quality, community, creator reputation, etc.).

DAO & Governance

What is a DAO on Lyraverse?

A Decentralized Autonomous Organization allows NFT holders to vote on collection decisions, manage treasury, and govern the project.

How do I create a DAO?

1. Own the collection

2. Go to collection management

3. Click "Create DAO"

4. Configure voting parameters

What can DAOs do?

• Change collection parameters

• Manage treasury funds

• Approve new mints

• Make governance decisions

Technical Issues

Transaction stuck?

• Wait 2-3 minutes (Hyperliquid is fast)

• Check transaction on explorer

• Contact support if truly stuck

Images not loading?

• Clear browser cache

• Try different browser

• Check IPFS gateway status

Wallet not connecting?

• Refresh the page

• Restart wallet extension

• Try different browser

• Check internet connection

Security & Safety

Is Lyraverse secure?

• All contracts are verified on Hyperliquid

• No admin keys for user funds

• Regular security audits

• Open-source smart contracts

How do I protect my NFTs?

• Use hardware wallet for valuable NFTs

• Never share private keys

• Be cautious of phishing attempts

• Verify all transaction details

What if I lose my wallet?

Your NFTs are permanently lost. Always backup your seed phrase securely and never share it.

Account & Profile

How do I view my NFTs?

Go to your profile → "NFTs" tab to see all your owned NFTs.

Can I transfer NFTs?

Yes, use the "Transfer" button on any NFT you own.

How do I change my profile?

Go to Profile → "Edit Profile" to update your information, avatar, and bio.

Advanced Features

What is staking?

Lock your NFTs in a DAO to earn governance tokens and voting rights.

Can I create offers?

Yes, make offers on NFTs that aren't listed for sale.

Are there APIs available?

Yes, REST API for collection data, NFT metadata, and marketplace information.

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Still have questions? Use the Support & Guide chat in the bottom-right corner or join our Telegram community! 🚀