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?
Install a compatible wallet
Configure Hyperliquid network
Visit Lyraverse and click "Connect Wallet"
Approve the connection
Wrong network error?
Switch to Hyperliquid Testnet in your wallet:
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?
Browse marketplace or collection pages
Find an NFT you like
Click "Buy Now"
Confirm transaction in wallet
How do I sell NFTs?
Go to your NFT's detail page
Click "List for Sale"
Set your price in HYPE
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?
Own the collection
Go to collection management
Click "Create DAO"
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.
Still have questions? Use the Support & Guide chat in the bottom-right corner or join our Telegram community! 🚀
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