The Hyperliquid blockchain will introduce portfolio margin in an upcoming network upgrade. This feature is live on testnet in pre-alpha mode.
Under portfolio margin, a user’s spot and perps trading are unified for greater capital efficiency. Furthermore, portfolio margin accounts automatically earn yield on all borrowable assets not actively used for trading.
Portfolio margin unlocks functionality such as the carry trade where a spot balance is offset by a short perps position, collateralized by the spot balance. Spot and perp pnl offset each other, protecting against liquidation on the perp position. More generally, spot and perps trading can be performed from a single unified balance. For example, a user could also hold HYPE and immediately buy ETH on the ETH/USDH book. All HIP-3 DEXs are included in portfolio margin, though not all HIP-3 DEX collateral assets are borrowable. Future HyperCore asset classes and primitives will support portfolio margin as well.
Users can supply eligible quote assets to earn yield. This synergizes and composes with HyperEVM lending protocols. In a future upgrade, CoreWriter will expose the same supply action for smart contracts. Portfolio margin intentionally does not bring a full-fledged lending market to HyperCore, as that is best built by independent teams on the EVM. For example, HyperCore lending is not tokenized, but an EVM protocol could do so by launching a fully onchain yield-bearing ERC20 token contract through CoreWriter and precompiles. Portfolio margin introduces organic demand to borrow and should expand the value proposition of teams building on the HyperEVM.
IMPORTANT: Portfolio margin is a complex technical upgrade and requires bootstrapping the supply side for borrowable assets. Therefore, portfolio margin will launch in pre-alpha mode where borrowable asset caps are extremely low. Users should test with new accounts or subaccounts with <$1k in value. Portfolio margin accounts will fall back to non-portfolio margin behavior when caps are hit. In pre-alpha mode, only USDC is borrowable, and HYPE is the only collateral asset. USDH will be added as borrowable and BTC as collateral before the alpha phase. Details will be added to the Docs.
Under portfolio margin, a user’s spot and perps trading are unified for greater capital efficiency. Furthermore, portfolio margin accounts automatically earn yield on all borrowable assets not actively used for trading.
Portfolio margin unlocks functionality such as the carry trade where a spot balance is offset by a short perps position, collateralized by the spot balance. Spot and perp pnl offset each other, protecting against liquidation on the perp position. More generally, spot and perps trading can be performed from a single unified balance. For example, a user could also hold HYPE and immediately buy ETH on the ETH/USDH book. All HIP-3 DEXs are included in portfolio margin, though not all HIP-3 DEX collateral assets are borrowable. Future HyperCore asset classes and primitives will support portfolio margin as well.
Users can supply eligible quote assets to earn yield. This synergizes and composes with HyperEVM lending protocols. In a future upgrade, CoreWriter will expose the same supply action for smart contracts. Portfolio margin intentionally does not bring a full-fledged lending market to HyperCore, as that is best built by independent teams on the EVM. For example, HyperCore lending is not tokenized, but an EVM protocol could do so by launching a fully onchain yield-bearing ERC20 token contract through CoreWriter and precompiles. Portfolio margin introduces organic demand to borrow and should expand the value proposition of teams building on the HyperEVM.
IMPORTANT: Portfolio margin is a complex technical upgrade and requires bootstrapping the supply side for borrowable assets. Therefore, portfolio margin will launch in pre-alpha mode where borrowable asset caps are extremely low. Users should test with new accounts or subaccounts with <$1k in value. Portfolio margin accounts will fall back to non-portfolio margin behavior when caps are hit. In pre-alpha mode, only USDC is borrowable, and HYPE is the only collateral asset. USDH will be added as borrowable and BTC as collateral before the alpha phase. Details will be added to the Docs.
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The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply.
For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part of the L1 execution. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Similar to the zero address, the Assistance Fund system address has never had a private key with control over its funds. Funds are mathematically irretrievable without a hard fork.
By voting “Yes,” validators agree to treat the Assistance Fund HYPE as burned. No onchain action is required, as the tokens are already in a system address with no private key. This vote is binding social consensus to never authorize a protocol upgrade to access this address.
Voting process:
+ Validators should signal their intent in the governance forum by December 21 at 04:00 UTC (i.e., reply with Yes or No)
+ Users can stake to a validator who matches their view by December 24 at 04:00 UTC
+ The result will be based on stake-weighted consensus as of December 24 at 04:00 UTC
For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part of the L1 execution. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Similar to the zero address, the Assistance Fund system address has never had a private key with control over its funds. Funds are mathematically irretrievable without a hard fork.
By voting “Yes,” validators agree to treat the Assistance Fund HYPE as burned. No onchain action is required, as the tokens are already in a system address with no private key. This vote is binding social consensus to never authorize a protocol upgrade to access this address.
Voting process:
+ Validators should signal their intent in the governance forum by December 21 at 04:00 UTC (i.e., reply with Yes or No)
+ Users can stake to a validator who matches their view by December 24 at 04:00 UTC
+ The result will be based on stake-weighted consensus as of December 24 at 04:00 UTC
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Building a transparent financial future requires a foundational commitment to ethical conduct and legal clarity. Hyperliquid Labs maintains a rigorous Trading Policy designed to ensure our team operates with a level of accountability that sets a benchmark for the industry.
All individuals associated with Hyperliquid Labs, including employees and contractors, are bound by strict ethical standards regarding the HYPE token:
+ Ban on Derivatives Trading: We strictly prohibit any team member from engaging in derivatives trading involving HYPE, which includes shorting or longing the token.
+ Zero Tolerance for Insider Trading: Trading based on material non-public information is fundamentally prohibited. This extends to sharing such information with third parties.
Integrity is non-negotiable at Hyperliquid Labs. Any violation of these policies is grounds for immediate termination and potential legal proceedings.
To address recent community inquiries regarding the address 0x7ae4c156e542ff63bcb5e34f7808ebc376c41028: this address belongs to an ex-employee who was terminated in Q1 2024. This individual is no longer associated with Hyperliquid Labs, and their actions do not reflect our team’s standards or values.
We believe the community deserves a team that is fully aligned with the long-term health of the ecosystem. We are committed to these principles and will continue to take decisive action to protect the integrity of Hyperliquid.
All individuals associated with Hyperliquid Labs, including employees and contractors, are bound by strict ethical standards regarding the HYPE token:
+ Ban on Derivatives Trading: We strictly prohibit any team member from engaging in derivatives trading involving HYPE, which includes shorting or longing the token.
+ Zero Tolerance for Insider Trading: Trading based on material non-public information is fundamentally prohibited. This extends to sharing such information with third parties.
Integrity is non-negotiable at Hyperliquid Labs. Any violation of these policies is grounds for immediate termination and potential legal proceedings.
To address recent community inquiries regarding the address 0x7ae4c156e542ff63bcb5e34f7808ebc376c41028: this address belongs to an ex-employee who was terminated in Q1 2024. This individual is no longer associated with Hyperliquid Labs, and their actions do not reflect our team’s standards or values.
We believe the community deserves a team that is fully aligned with the long-term health of the ecosystem. We are committed to these principles and will continue to take decisive action to protect the integrity of Hyperliquid.
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By community request, Hyperliquid has listed LIT-USDC hyperps. You can now long or short the unlaunched Lighter token with up to 3x leverage.
As a reminder, hyperps do not rely on any external data for the oracle price. Hyperps trade like perpetual contracts that users are familiar with, but do not require an external spot or index oracle price. Instead, the funding rate is determined relative to a moving average of the hyperp mark price.
Trading is on low leverage and isolated margin only. Beware of low liquidity, high volatility, potentially extreme funding, and increased liquidation risk. Note: LIT-USDC will convert to a vanilla perp upon CEX listing. See Docs for more.
LIT-USDC is a hyperp contract that poses higher than normal risk. Do not trade contracts you are unfamiliar with and do not understand the risks for. Read the Docs to learn more about the hyperp mechanism. NFA.
https://app.hyperliquid.xyz/trade/LIT
As a reminder, hyperps do not rely on any external data for the oracle price. Hyperps trade like perpetual contracts that users are familiar with, but do not require an external spot or index oracle price. Instead, the funding rate is determined relative to a moving average of the hyperp mark price.
Trading is on low leverage and isolated margin only. Beware of low liquidity, high volatility, potentially extreme funding, and increased liquidation risk. Note: LIT-USDC will convert to a vanilla perp upon CEX listing. See Docs for more.
LIT-USDC is a hyperp contract that poses higher than normal risk. Do not trade contracts you are unfamiliar with and do not understand the risks for. Read the Docs to learn more about the hyperp mechanism. NFA.
https://app.hyperliquid.xyz/trade/LIT
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Weekly update
Product & Tech
+ The pre-alpha stage of portfolio margin and HyperCore lending went live on testnet. Both are eligible for mainnet level bug bounties. See details in the previous announcement here: https://discord.com/channels/1029781241702129716/1030197017655394447/1449063140435296256.
+ Misc UI improvements to app.hyperliquid.xyz, including USDC to USDH 1:1 conversion added as a deposit option, Arbitrum via CCTP added as a deposit option, TP/SL updating dynamically, improvements to frontend rate limiting, etc.
Trading
+ LIT hyperp was listed
New Teams on the HyperEVM & HyperCore (in no particular order)
+ Euler partnered with HypurrFi to deploy lending on the HyperEVM: https://x.com/eulerfinance/status/2000960806012559413, https://x.com/hypurrfi/status/2000960471474528671
+ Komainu added support for HYPE custody and staking for institutions: https://komainu.com/komainu-announces-institutional-grade-custody-and-staking-support-for-hyperliquid-hype/
Community Highlights
+ The Hyper Foundation proposed a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply. See validator votes here: https://discord.com/channels/1029781241702129716/1450681417200828569. Users should stake to a validator who matches their view by December 24 at 04:00 UTC, at which point the result will be based on stake-weighted consensus.
+ HypurrCo Amsterdam is hosting an event on Jan 23: https://x.com/hypurr_nl/status/2001984944370012212
+ New Hypurr stickers and emoji were added to Discord and Telegram
Product & Tech
+ The pre-alpha stage of portfolio margin and HyperCore lending went live on testnet. Both are eligible for mainnet level bug bounties. See details in the previous announcement here: https://discord.com/channels/1029781241702129716/1030197017655394447/1449063140435296256.
+ Misc UI improvements to app.hyperliquid.xyz, including USDC to USDH 1:1 conversion added as a deposit option, Arbitrum via CCTP added as a deposit option, TP/SL updating dynamically, improvements to frontend rate limiting, etc.
Trading
+ LIT hyperp was listed
New Teams on the HyperEVM & HyperCore (in no particular order)
+ Euler partnered with HypurrFi to deploy lending on the HyperEVM: https://x.com/eulerfinance/status/2000960806012559413, https://x.com/hypurrfi/status/2000960471474528671
+ Komainu added support for HYPE custody and staking for institutions: https://komainu.com/komainu-announces-institutional-grade-custody-and-staking-support-for-hyperliquid-hype/
Community Highlights
+ The Hyper Foundation proposed a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply. See validator votes here: https://discord.com/channels/1029781241702129716/1450681417200828569. Users should stake to a validator who matches their view by December 24 at 04:00 UTC, at which point the result will be based on stake-weighted consensus.
+ HypurrCo Amsterdam is hosting an event on Jan 23: https://x.com/hypurr_nl/status/2001984944370012212
+ New Hypurr stickers and emoji were added to Discord and Telegram
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The pre-alpha phase of portfolio margin is live on mainnet. As a reminder, portfolio margin lets users trade spot and perps from the same account without selling their collateral. The initial rollout has intentionally low caps as safeguards, with HYPE as the only collateral asset and USDC as the only borrowable asset. USDH will be added as borrowable and BTC will be added as collateral in a future upgrade.
Users can enable Portfolio Margin by clicking the "Classic" button on the Trade page on desktop or the "Cross" button on mobile and going to the "Account Unification" tab. Users can also supply USDC to earn yield on the Earn page. Users can check Borrow Cap Used to see how much they can borrow and Portfolio Margin Ratio to monitor account health. Note that CCTP and HyperEVM deposits are currently unsupported for Portfolio Margin accounts, and will result in irretrievable funds. These deposit options are disabled on app.hyperliquid.xyz and will be enabled on the next network upgrade.
The pre-alpha phase should ideally be tested on a small sub-account with <$1k in value. Bug reports are eligible for generous mainnet bug bounties. Feedback is also greatly appreciated.
Initial limits for pre-alpha:
+ Master account >5M USDC in volume required before enabling portfolio margin
+ USDC: 5M USDC global supply cap, 1M USDC global borrow cap, 5k USDC user supply cap, 1k USDC user borrow cap
+ HYPE: 200k HYPE global supply cap, 200 HYPE user supply cap
See https://hyperliquid.gitbook.io/hyperliquid-docs/trading/portfolio-margin for further details
Users can enable Portfolio Margin by clicking the "Classic" button on the Trade page on desktop or the "Cross" button on mobile and going to the "Account Unification" tab. Users can also supply USDC to earn yield on the Earn page. Users can check Borrow Cap Used to see how much they can borrow and Portfolio Margin Ratio to monitor account health. Note that CCTP and HyperEVM deposits are currently unsupported for Portfolio Margin accounts, and will result in irretrievable funds. These deposit options are disabled on app.hyperliquid.xyz and will be enabled on the next network upgrade.
The pre-alpha phase should ideally be tested on a small sub-account with <$1k in value. Bug reports are eligible for generous mainnet bug bounties. Feedback is also greatly appreciated.
Initial limits for pre-alpha:
+ Master account >5M USDC in volume required before enabling portfolio margin
+ USDC: 5M USDC global supply cap, 1M USDC global borrow cap, 5k USDC user supply cap, 1k USDC user borrow cap
+ HYPE: 200k HYPE global supply cap, 200 HYPE user supply cap
See https://hyperliquid.gitbook.io/hyperliquid-docs/trading/portfolio-margin for further details
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Happy Holidays! Thank you to the community for your continued support as Hyperliquid builds toward housing all finance onchain.
As a thank you to top traders and builders over the past year - if you see a button with a gift box emoji on the Portfolio page and would like to receive a physical package, please sign the message and follow-up in a Discord ticket. You may need to hard refresh to update the frontend.
Some users have multiple addresses that qualify; please only sign the message for one address. Shipping excludes restricted jurisdictions.
As a thank you to top traders and builders over the past year - if you see a button with a gift box emoji on the Portfolio page and would like to receive a physical package, please sign the message and follow-up in a Discord ticket. You may need to hard refresh to update the frontend.
Some users have multiple addresses that qualify; please only sign the message for one address. Shipping excludes restricted jurisdictions.
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Validators will vote on whether to delist FXS around 7:30 UTC on 6 January. FXS is being rebranded to FRAX.
If validators vote to delist an asset, the perps will settle to the 1 hour time weighted spot oracle price before delisting, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, no new orders will be accepted.
If validators vote to delist an asset, the perps will settle to the 1 hour time weighted spot oracle price before delisting, and open orders will be canceled. Close any positions beforehand to avoid automatic settlement. After settlement, no new orders will be accepted.
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Update
Product & Tech
+ The pre-alpha stage of portfolio margin and HyperCore lending went live on mainnet, allowing users to trade spot and perps from the same account without selling collateral. The pre-alpha stage has intentionally low caps as safeguards, with HYPE as the only collateral asset and USDC as the only borrowable asset.
Thank you to everyone who has tested and shared feedback so far! There have been several updates based on user input; please continue sharing your feedback in the Discord server
+ Pre-compile gas cost was reduced by approximately half to 1000 + 33 * (input_len + output_len)
New Teams on the HyperEVM & HyperCore
+ Bitget wallet integrated Hyperliquid for perps trading: https://x.com/bitgetwallet/status/2003410073171964277
Community Highlights
+ HYPE in the Assistance Fund system address of 0xfefe was formally recognized as burned based on stake-weighted consensus, with 85% of stake voting for burning, 7% against, and 8% abstaining
+ There's a gift box emoji (🎁) on the Portfolio page as a thank you to top traders and builders over the past year. If you'd like to receive a physical package, please sign the message and follow-up via Discord ticket by Jan 5 EOD UTC: https://x.com/HyperliquidX/status/2003745949898932236
+ ASXN released a Hyperliquid recap for 2025: https://x.com/asxn_r/status/2004529933922758830
Product & Tech
+ The pre-alpha stage of portfolio margin and HyperCore lending went live on mainnet, allowing users to trade spot and perps from the same account without selling collateral. The pre-alpha stage has intentionally low caps as safeguards, with HYPE as the only collateral asset and USDC as the only borrowable asset.
Thank you to everyone who has tested and shared feedback so far! There have been several updates based on user input; please continue sharing your feedback in the Discord server
+ Pre-compile gas cost was reduced by approximately half to 1000 + 33 * (input_len + output_len)
New Teams on the HyperEVM & HyperCore
+ Bitget wallet integrated Hyperliquid for perps trading: https://x.com/bitgetwallet/status/2003410073171964277
Community Highlights
+ HYPE in the Assistance Fund system address of 0xfefe was formally recognized as burned based on stake-weighted consensus, with 85% of stake voting for burning, 7% against, and 8% abstaining
+ There's a gift box emoji (🎁) on the Portfolio page as a thank you to top traders and builders over the past year. If you'd like to receive a physical package, please sign the message and follow-up via Discord ticket by Jan 5 EOD UTC: https://x.com/HyperliquidX/status/2003745949898932236
+ ASXN released a Hyperliquid recap for 2025: https://x.com/asxn_r/status/2004529933922758830
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Hyperliquid today looks very different from Hyperliquid a year ago. This time last year, the HyperEVM hadn’t even launched, and there were only a handful of early believers building exclusively on Hyperliquid. Now, there are hundreds of teams building, dozens of regional communities with local events, and trillions more in volume traded.
This was achieved without any external funding and giving all protocol fees to the community. Hyperliquid was built with a strong belief in returning to the core ethos of crypto - changing entrenched and predatory practices to be fair and permissionless.
This art piece is meant to celebrate Hyperliquid’s growing ecosystem and commemorate how far we’ve come as a community in building the house of all finance. You’ll find many of your favorite apps and teams interwoven in the piece if you zoom in. A special thank you to Degen_Alfie (https://x.com/Degen_Alfie) for bringing the community to life. Many great teams didn’t make it due to limited space and time, but your contributions have not gone unnoticed!
Notable product and tech releases in 2025 included:
+ HyperEVM launch with HyperCore composability via precompiles and CoreWriter
+ Spot assets bridged by Unit
+ Fully permissionless validator set
+ Native utility to staking, with fee discounts for traders and permissionless HyperCore deployment capabilities for builders
+ Permissionless spot quote assets
+ Hypurr NFTs
+ USDH governance vote and launch by Native Markets
+ HIP-3 permissionless perp deployment
+ Native USDC integration
+ Portfolio margin pre-alpha launch
+ Assistance Fund HYPE officially burned
Compared to 2024, ATHs in 2025 reached:
+ $32B in 24h volume from $15B in 2024
+ $16B in open interest from $4B
+ $6B in TVL from $2B
+ $20M in 24h protocol revenue from $3.5M
+ 1.4M users from 300k
Excited to see what the ecosystem looks like another year from now. Thank you to all the builders, users, and supporters who have come together to push forward Hyperliquid’s vision.
This was achieved without any external funding and giving all protocol fees to the community. Hyperliquid was built with a strong belief in returning to the core ethos of crypto - changing entrenched and predatory practices to be fair and permissionless.
This art piece is meant to celebrate Hyperliquid’s growing ecosystem and commemorate how far we’ve come as a community in building the house of all finance. You’ll find many of your favorite apps and teams interwoven in the piece if you zoom in. A special thank you to Degen_Alfie (https://x.com/Degen_Alfie) for bringing the community to life. Many great teams didn’t make it due to limited space and time, but your contributions have not gone unnoticed!
Notable product and tech releases in 2025 included:
+ HyperEVM launch with HyperCore composability via precompiles and CoreWriter
+ Spot assets bridged by Unit
+ Fully permissionless validator set
+ Native utility to staking, with fee discounts for traders and permissionless HyperCore deployment capabilities for builders
+ Permissionless spot quote assets
+ Hypurr NFTs
+ USDH governance vote and launch by Native Markets
+ HIP-3 permissionless perp deployment
+ Native USDC integration
+ Portfolio margin pre-alpha launch
+ Assistance Fund HYPE officially burned
Compared to 2024, ATHs in 2025 reached:
+ $32B in 24h volume from $15B in 2024
+ $16B in open interest from $4B
+ $6B in TVL from $2B
+ $20M in 24h protocol revenue from $3.5M
+ 1.4M users from 300k
Excited to see what the ecosystem looks like another year from now. Thank you to all the builders, users, and supporters who have come together to push forward Hyperliquid’s vision.
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Weekly Update
Product & Tech
+ Misc UI improvements to app.hyperliquid.xyz token selector and Portfolio Margin mode. Please continue sharing any feedback on Portfolio Margin in the Discord server
New Teams on the HyperEVM & HyperCore (in no particular order)
+ GlueX trading terminal for HyperEVM: https://x.com/GluexTerminal/status/2009441659386515765
+ HyperDash trading terminal by PvP trade: https://x.com/pvp_dot_trade/status/2008310484714287305
+ Elfa AI news trading: https://x.com/elfa_ai/status/2008373456505893158
Community Highlights
+ Hyperliquid 2025 recap: https://x.com/HyperliquidX/status/2008458928288657426
+ Tracker for Labs' HYPE distributions built by community member qwan: https://www.qwantify.io/app/team-wallets
+ A list of some Q1 community events happening in London, Paris, Amsterdam, and Hong Kong; Malaysia, Denver, and Mumbai registration links TBC: https://x.com/hypurr_co/status/2009780585146028422, https://x.com/hypurr_co/status/2010001544658538673
+ Infinite Field's Rust SDK, including multi-sig support, EVM <> Core transactions, HIP-3 trading, and more: https://x.com/infinitefieldx/status/2009195376746877397
Product & Tech
+ Misc UI improvements to app.hyperliquid.xyz token selector and Portfolio Margin mode. Please continue sharing any feedback on Portfolio Margin in the Discord server
New Teams on the HyperEVM & HyperCore (in no particular order)
+ GlueX trading terminal for HyperEVM: https://x.com/GluexTerminal/status/2009441659386515765
+ HyperDash trading terminal by PvP trade: https://x.com/pvp_dot_trade/status/2008310484714287305
+ Elfa AI news trading: https://x.com/elfa_ai/status/2008373456505893158
Community Highlights
+ Hyperliquid 2025 recap: https://x.com/HyperliquidX/status/2008458928288657426
+ Tracker for Labs' HYPE distributions built by community member qwan: https://www.qwantify.io/app/team-wallets
+ A list of some Q1 community events happening in London, Paris, Amsterdam, and Hong Kong; Malaysia, Denver, and Mumbai registration links TBC: https://x.com/hypurr_co/status/2009780585146028422, https://x.com/hypurr_co/status/2010001544658538673
+ Infinite Field's Rust SDK, including multi-sig support, EVM <> Core transactions, HIP-3 trading, and more: https://x.com/infinitefieldx/status/2009195376746877397
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By community request, you can now long or short $XMR perps with up to 5x leverage.
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/XMR
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/XMR
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The FOGO hyperp has converted to a regular perp. You can now long or short $FOGO with up to 3x leverage.
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/FOGO
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/FOGO
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The LIT hyperp has converted to a regular perp. You can now long or short $LIT with up to 3x leverage.
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/LIT
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/LIT
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As part of mainnet pre-alpha portfolio margin, USDH has been added as borrowable, and UBTC has been added as collateral.
To recap, the initial limits for pre-alpha are:
+ Master account >$5M in weighted volume required before enabling portfolio margin
+ USDH: 5M USDH global supply cap, 1M USDH global borrow cap, 50k USDH user supply cap, 1k USDH user borrow cap
+ USDC: 5M USDC global supply cap, 1M USDC global borrow cap, 5k USDC user supply cap, 1k USDC user borrow cap
+ HYPE: 200k HYPE global supply cap, 200 HYPE user supply cap
+ BTC: 100 BTC global supply cap, 0.1 BTC user supply cap
The pre-alpha phase is for feedback and should ideally be tested on a small sub-account with <$1k in value. Bug reports are eligible for generous mainnet bug bounties. Feedback is also greatly appreciated.
To recap, the initial limits for pre-alpha are:
+ Master account >$5M in weighted volume required before enabling portfolio margin
+ USDH: 5M USDH global supply cap, 1M USDH global borrow cap, 50k USDH user supply cap, 1k USDH user borrow cap
+ USDC: 5M USDC global supply cap, 1M USDC global borrow cap, 5k USDC user supply cap, 1k USDC user borrow cap
+ HYPE: 200k HYPE global supply cap, 200 HYPE user supply cap
+ BTC: 100 BTC global supply cap, 0.1 BTC user supply cap
The pre-alpha phase is for feedback and should ideally be tested on a small sub-account with <$1k in value. Bug reports are eligible for generous mainnet bug bounties. Feedback is also greatly appreciated.
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By community request, you can now long or short $AXS with up to 5x leverage.
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/AXS
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/AXS
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By community request, you can now long or short $DASH with up to 5x leverage.
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/DASH
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/DASH
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Weekly Update
Product & Tech
+ As part of mainnet pre-alpha portfolio margin, enabled USDH as borrowable and UBTC as collateral. See previous announcement for details
+ Various updates to HIP-3 deployers based on deployer and user feedback. See the API Announcements channel for details
+ Added support for staking on mobile to https://app.hyperliquid.xyz/staking
Trading
+ Markets by Kinetiq (km) deployed their HIP-3 dex with USDH perps
+ FOGO and LIT were converted from hyperps to regular perps
+ XMR, AXS, and DASH perps were listed
New Teams on the HyperEVM & HyperCore (in no particular order)
+ KuCoin wallet added support for the HyperEVM: https://x.com/KuCoin_Web3/status/2011706183665783252
Community Highlights
+ Purrposeful node used its December staking commissions to donate computers and desks to a school in Thailand: https://x.com/purrposefulnode/status/2010269854805401675
+ Quicknode wrote an article on accessing and reading Hyperliquid data: https://x.com/Quicknode/status/2011799716669898772?s=20
Product & Tech
+ As part of mainnet pre-alpha portfolio margin, enabled USDH as borrowable and UBTC as collateral. See previous announcement for details
+ Various updates to HIP-3 deployers based on deployer and user feedback. See the API Announcements channel for details
+ Added support for staking on mobile to https://app.hyperliquid.xyz/staking
Trading
+ Markets by Kinetiq (km) deployed their HIP-3 dex with USDH perps
+ FOGO and LIT were converted from hyperps to regular perps
+ XMR, AXS, and DASH perps were listed
New Teams on the HyperEVM & HyperCore (in no particular order)
+ KuCoin wallet added support for the HyperEVM: https://x.com/KuCoin_Web3/status/2011706183665783252
Community Highlights
+ Purrposeful node used its December staking commissions to donate computers and desks to a school in Thailand: https://x.com/purrposefulnode/status/2010269854805401675
+ Quicknode wrote an article on accessing and reading Hyperliquid data: https://x.com/Quicknode/status/2011799716669898772?s=20
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By community request, you can now long or short $SKR with up to 3x leverage.
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/SKR
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.
https://app.hyperliquid.xyz/trade/SKR
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Weekly Update
Product & Tech
+ Misc UX improvements to Portfolio Margin. Please continue testing and sharing feedback on Portfolio Margin; note that it is still in pre-alpha with low caps
Trading
+ Dreamcash (cash) deployed their HIP-3 dex with USDT perps
+ HIP-3 OI reached an ATH of $790M and HIP-3 volume reached an ATH of $1.8B
+ Normal isolated margin mode is available for HIP-3 perps instead of strict isolated mode, based on deployer settings
+ SKR perps were listed
New Teams on the HyperEVM & HyperCore (in no particular order)
+ Quicknode supports HyperCore data via gRPC, Streams, JSON-RPC and WebSockets: https://x.com/Quicknode/status/2013636303318065307
+ The Arena SocialFi mobile app integrated Hyperliquid perps: https://x.com/TheArena/status/2014767867275645086
Community Highlights
+ mlm received Hypurr #55 as a thank you for his work sleuthing onchain and protecting the community: https://x.com/Hypurr/status/2013505742909677787
+ ZachXBT received a 10k HYPE donation as a thank you for his efforts helping different members of the Hyperliquid ecosystem: https://xn--r1a.website/investigations/303
+ Hyperliquid Germany is hosting a meet-up in Berlin on Jan 29: https://x.com/Hyperliquid_GER/status/2012103743261585884
+ Hyperliquid France hosted an event on Jan 19: https://x.com/HyperliquidFR/status/2014001662281826368
Product & Tech
+ Misc UX improvements to Portfolio Margin. Please continue testing and sharing feedback on Portfolio Margin; note that it is still in pre-alpha with low caps
Trading
+ Dreamcash (cash) deployed their HIP-3 dex with USDT perps
+ HIP-3 OI reached an ATH of $790M and HIP-3 volume reached an ATH of $1.8B
+ Normal isolated margin mode is available for HIP-3 perps instead of strict isolated mode, based on deployer settings
+ SKR perps were listed
New Teams on the HyperEVM & HyperCore (in no particular order)
+ Quicknode supports HyperCore data via gRPC, Streams, JSON-RPC and WebSockets: https://x.com/Quicknode/status/2013636303318065307
+ The Arena SocialFi mobile app integrated Hyperliquid perps: https://x.com/TheArena/status/2014767867275645086
Community Highlights
+ mlm received Hypurr #55 as a thank you for his work sleuthing onchain and protecting the community: https://x.com/Hypurr/status/2013505742909677787
+ ZachXBT received a 10k HYPE donation as a thank you for his efforts helping different members of the Hyperliquid ecosystem: https://xn--r1a.website/investigations/303
+ Hyperliquid Germany is hosting a meet-up in Berlin on Jan 29: https://x.com/Hyperliquid_GER/status/2012103743261585884
+ Hyperliquid France hosted an event on Jan 19: https://x.com/HyperliquidFR/status/2014001662281826368
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