Hyperliquid Announcements
01.05.202509:39
Testnet only: The Hyperliquid protocol will support builder-deployed perps (HIP-3), a key milestone toward fully decentralizing the perp listing process. An MVP of this feature is live on testnet. Feedback is appreciated during this testing phase. Note that numbers and specifications below are not finalized.
Builder-deployed perps share many features with HyperCore spot deployments:
+ Deployments allocate new performant onchain orderbooks on HyperCore.
+ Deployment gas is paid through a Dutch auction every 31 hours. A difference is that HYPE is the gas token used for perp deployments.
+ Deployers can set a fee share of up to 50%. A difference is that the deployer can configure additional fees on top of the base fee rate. Fee share applies to the total configured fee.
+ Deployments are fully permissionless.
The deployer of a perp market is also responsible for
+ Market definition, including the oracle definition and contract specifications
+ Market operation, including setting oracle prices, leverage limits, and settling the market if needed
Perp deployment composes with HyperCore multisig to support protocolized market deployment and operation.
To ensure high quality markets and protect users, deployers must maintain 1M staked HYPE. In the event of malicious market operation, validators have the authority to slash the deployer’s stake by conducting a stake-weighted vote during the deployer’s 7-day unstaking queue.
Technical details will be released shortly in the API docs and Python SDK. Users with more than 10k mainnet staked HYPE or previous bug bounty program recipients are welcome to reach out for a dedicated testnet deployment to test and share feedback.
Note that the frontends at app.hyperliquid-testnet.xyz and app.hyperliquid.xyz will not display builder-deployed perps initially, and will not feature a UI for perp deployment. Alternative interfaces may be built by the community. This will encourage specialization and further decentralization of the interfaces to access the Hyperliquid protocol.
Builder-deployed perps share many features with HyperCore spot deployments:
+ Deployments allocate new performant onchain orderbooks on HyperCore.
+ Deployment gas is paid through a Dutch auction every 31 hours. A difference is that HYPE is the gas token used for perp deployments.
+ Deployers can set a fee share of up to 50%. A difference is that the deployer can configure additional fees on top of the base fee rate. Fee share applies to the total configured fee.
+ Deployments are fully permissionless.
The deployer of a perp market is also responsible for
+ Market definition, including the oracle definition and contract specifications
+ Market operation, including setting oracle prices, leverage limits, and settling the market if needed
Perp deployment composes with HyperCore multisig to support protocolized market deployment and operation.
To ensure high quality markets and protect users, deployers must maintain 1M staked HYPE. In the event of malicious market operation, validators have the authority to slash the deployer’s stake by conducting a stake-weighted vote during the deployer’s 7-day unstaking queue.
Technical details will be released shortly in the API docs and Python SDK. Users with more than 10k mainnet staked HYPE or previous bug bounty program recipients are welcome to reach out for a dedicated testnet deployment to test and share feedback.
Note that the frontends at app.hyperliquid-testnet.xyz and app.hyperliquid.xyz will not display builder-deployed perps initially, and will not feature a UI for perp deployment. Alternative interfaces may be built by the community. This will encourage specialization and further decentralization of the interfaces to access the Hyperliquid protocol.
24.04.202511:18
By community request, you can now long or short $INIT 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/INIT
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/INIT
06.04.202515:35
By community request, you can now long or short $PAXG 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/PAXG
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/PAXG
29.03.202516:10
The onchain delisting of MYRO perps took place smoothly. The vote completed onchain as soon as quorum was reached at 13:16 UTC, which happened when the 13th validator cast its vote. Hyper Foundation 1 and 3 did not vote.
You can see the explorer transactions for the onchain votes. Here is an example for Nansen x HypurrCollective’s vote to delist, which led to quorum being reached: https://app.hyperliquid.xyz/explorer/tx/0xf4d5e0ded45c40abbbd7042080ab1e01c2006434c5f188b1a14ee473c3fc8dd5
You can see the explorer transactions for the onchain votes. Here is an example for Nansen x HypurrCollective’s vote to delist, which led to quorum being reached: https://app.hyperliquid.xyz/explorer/tx/0xf4d5e0ded45c40abbbd7042080ab1e01c2006434c5f188b1a14ee473c3fc8dd5
26.03.202515:45
After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps.
All users apart from flagged addresses will be made whole from the Hyper Foundation. This will be done automatically in the coming days based on onchain data. There is no need to open a ticket. Methodology will be shared in detail in a later announcement.
As with other chains, validators often need to convene to take decisive action as a group to ensure the integrity of the network. It is a priority to enhance robustness and transparency to the voting system.
Note that HLP’s 24 hour pnl as of writing is approximately 700k USDC. Technical improvements will be made, and the network will grow stronger as a result of lessons learned. More details will be shared shortly.
All users apart from flagged addresses will be made whole from the Hyper Foundation. This will be done automatically in the coming days based on onchain data. There is no need to open a ticket. Methodology will be shared in detail in a later announcement.
As with other chains, validators often need to convene to take decisive action as a group to ensure the integrity of the network. It is a priority to enhance robustness and transparency to the voting system.
Note that HLP’s 24 hour pnl as of writing is approximately 700k USDC. Technical improvements will be made, and the network will grow stronger as a result of lessons learned. More details will be shared shortly.
18.03.202503:16
Biweekly update
Product
+ Enabled MFA for email login, which you can find in the address dropdown in the navigation bar. MFA will be valid for a 15 minute period and then re-prompted upon your next transaction. Please flag if you experience any issues.
+ Updated UI to explain why HYPE balances can be escrowed if your first action is a transfer from the EVM and how to activate the trading account.
Trading
+ There is now a 20% margin ratio on margin transfers, e.g., withdrawals, perp to spot transfers, adding or removing isolated margin, etc. This change does not affect the opening of new cross margin positions and only affects new isolated margin positions if cross margin usage would exceed 5x after the isolated position is opened.
+ Partial liquidations are live on mainnet.
Validators
+ The Delegation Program application deadline for the first batch of delegations passed on March 16. Applicants should hear back within the next week or two.
EVM Updates
+ HyperEVM <> HyperCore transfers on testnet have been changed to use a unique system address per token.
+ Shared an example to build a full archival RPC for HyperEVM: https://github.com/hyperliquid-dex/hyper-evm-sync
+ A reminder to be careful, DYOR, and do small test transactions when interacting with applications built on the HyperEVM
Teams Live on EVM (in no particular order)
+ Staked HYPE (stHYPE) by Thunderhead: https://x.com/stakedhype/status/1892699617088962573
+ HyperPie liquid staked Hype: https://x.com/Hyperpiexyz_io/status/1900095404332507594
+ Timeswap borrow/lend protocol: https://x.com/TimeswapLabs/status/1893993021609590785
+ Laminar swap DEX: https://x.com/laminar_xyz/status/1897435281474904457
+ Palmera SAFE multi-sig deployment: https://x.com/palmera_dao/status/1899460307401019488
+ Tholos MPC multi-sig: https://x.com/tholosapp/status/1897001526939541628
+ Liquina NFT app: https://x.com/LiquinaHL/status/1896580776063631417
+ Trippy Wolves NFTs bridged to HyperEVM: https://x.com/rekt_gang/status/1899234670102921689
Community Highlights
+ Multiple teams are running public RPC nodes: https://github.com/hyperliquid-dex/node?tab=readme-ov-file#mainnet-non-validator-seed-peers
+ Delphi Digital wrote a report on Hyperliquid: https://x.com/Delphi_Digital/status/1898402739438440663
+ Hyperstats shared a dashboard for transfers between HyperCore and HyperEVM: https://x.com/hyperstats_xyz/status/1900705746704363770
+ CoinGlass built a whale dashboard for top positions by address: https://www.coinglass.com/hyperliquid
+ karl_0x and 0xasht made a dashboard to track HL volume and OI compared to CEXs: https://x.com/karl_0x/status/1900639088774148134
Product
+ Enabled MFA for email login, which you can find in the address dropdown in the navigation bar. MFA will be valid for a 15 minute period and then re-prompted upon your next transaction. Please flag if you experience any issues.
+ Updated UI to explain why HYPE balances can be escrowed if your first action is a transfer from the EVM and how to activate the trading account.
Trading
+ There is now a 20% margin ratio on margin transfers, e.g., withdrawals, perp to spot transfers, adding or removing isolated margin, etc. This change does not affect the opening of new cross margin positions and only affects new isolated margin positions if cross margin usage would exceed 5x after the isolated position is opened.
+ Partial liquidations are live on mainnet.
Validators
+ The Delegation Program application deadline for the first batch of delegations passed on March 16. Applicants should hear back within the next week or two.
EVM Updates
+ HyperEVM <> HyperCore transfers on testnet have been changed to use a unique system address per token.
+ Shared an example to build a full archival RPC for HyperEVM: https://github.com/hyperliquid-dex/hyper-evm-sync
+ A reminder to be careful, DYOR, and do small test transactions when interacting with applications built on the HyperEVM
Teams Live on EVM (in no particular order)
+ Staked HYPE (stHYPE) by Thunderhead: https://x.com/stakedhype/status/1892699617088962573
+ HyperPie liquid staked Hype: https://x.com/Hyperpiexyz_io/status/1900095404332507594
+ Timeswap borrow/lend protocol: https://x.com/TimeswapLabs/status/1893993021609590785
+ Laminar swap DEX: https://x.com/laminar_xyz/status/1897435281474904457
+ Palmera SAFE multi-sig deployment: https://x.com/palmera_dao/status/1899460307401019488
+ Tholos MPC multi-sig: https://x.com/tholosapp/status/1897001526939541628
+ Liquina NFT app: https://x.com/LiquinaHL/status/1896580776063631417
+ Trippy Wolves NFTs bridged to HyperEVM: https://x.com/rekt_gang/status/1899234670102921689
Community Highlights
+ Multiple teams are running public RPC nodes: https://github.com/hyperliquid-dex/node?tab=readme-ov-file#mainnet-non-validator-seed-peers
+ Delphi Digital wrote a report on Hyperliquid: https://x.com/Delphi_Digital/status/1898402739438440663
+ Hyperstats shared a dashboard for transfers between HyperCore and HyperEVM: https://x.com/hyperstats_xyz/status/1900705746704363770
+ CoinGlass built a whale dashboard for top positions by address: https://www.coinglass.com/hyperliquid
+ karl_0x and 0xasht made a dashboard to track HL volume and OI compared to CEXs: https://x.com/karl_0x/status/1900639088774148134
01.05.202500:47
HyperliquidX twitter was compromised. Any new posts or links from the twitter account are fake. Do not click or engage with them. The account is being recovered.
hyperfoundation.org and hyperliquid.xyz are safe.
hyperfoundation.org and hyperliquid.xyz are safe.
23.04.202514:13
By community request, you can now long or short $ZORA 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/ZORA
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/ZORA
04.04.202515:32
The onchain delisting of RLB, HPOS, ORBS, BNT, NTRN, and ILV perps took place smoothly. The votes completed onchain once quorum was reached at 12:12 UTC.
You can see the explorer transactions for the onchain votes. Here is an example for CMI's vote to delist RLB: https://app.hyperliquid.xyz/explorer/tx/0xedc87093307fb67de03a0420e3259d017000f05b38fcebe6c8bed96c724a74d5
You can see the explorer transactions for the onchain votes. Here is an example for CMI's vote to delist RLB: https://app.hyperliquid.xyz/explorer/tx/0xedc87093307fb67de03a0420e3259d017000f05b38fcebe6c8bed96c724a74d5
28.03.202511:48
The Hyperliquid blockchain has been upgraded to feature fully onchain validator voting for asset delisting. When a quorum of stake has voted for a delisting, the action automatically triggers onchain. This permissionless stake-based vote weighting primitive is built natively into HyperCore and technically requires no offchain coordination.
As a demonstration of the new primitive, the Hyper Foundation validators 2-5 will vote to delist MYRO perps around 13:00 UTC on March 29. Hyper Foundation validator 1 will abstain from voting until delegations to initial Delegation Program participants are complete.
Like on other chains, most validators will likely make their intended votes clear offchain beforehand to provide users clarity and predictability. The Hyper Foundation does not act or speak on behalf of other validators. There may be interfaces built or provided in the future to summarize validator voting in a more user-friendly way.
As a demonstration of the new primitive, the Hyper Foundation validators 2-5 will vote to delist MYRO perps around 13:00 UTC on March 29. Hyper Foundation validator 1 will abstain from voting until delegations to initial Delegation Program participants are complete.
Like on other chains, most validators will likely make their intended votes clear offchain beforehand to provide users clarity and predictability. The Hyper Foundation does not act or speak on behalf of other validators. There may be interfaces built or provided in the future to summarize validator voting in a more user-friendly way.
25.03.202507:36
HyperCore and HyperEVM linking is live on mainnet. Users can now trade HyperEVM tokens on the same liquid and performant order books that power billions of volume every day on HyperCore.
The full defi lifecycle includes building a project, launching a token, and trading that token. Every step of the journey can now be done permissionlessly within Hyperliquid. Defi features composability, self-custody, and no gate keepers. CEXs feature frictionless UX and deep liquidity. Hyperliquid combines both into a seamless and onchain system to house all of finance.
See the Docs for details: https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/hyperevm/hypercore-less-than-greater-than-hyperevm-transfers. It is strongly recommended to test everything on testnet before linking on mainnet, as linking is immutable.
The full defi lifecycle includes building a project, launching a token, and trading that token. Every step of the journey can now be done permissionlessly within Hyperliquid. Defi features composability, self-custody, and no gate keepers. CEXs feature frictionless UX and deep liquidity. Hyperliquid combines both into a seamless and onchain system to house all of finance.
See the Docs for details: https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/hyperevm/hypercore-less-than-greater-than-hyperevm-transfers. It is strongly recommended to test everything on testnet before linking on mainnet, as linking is immutable.
17.03.202503:43
Hyperliquid has redefined trading.
When a whale shorts $450M+ BTC and wants a public audience, it's only possible on Hyperliquid. When headlines say "Bitcoin Market on Edge," they are equating "Hyperliquid" with the "market."
Anyone can photoshop a PNL screenshot. No one can question a Hyperliquid position, just like no one can question a Bitcoin balance.
The decentralized future is here.
When a whale shorts $450M+ BTC and wants a public audience, it's only possible on Hyperliquid. When headlines say "Bitcoin Market on Edge," they are equating "Hyperliquid" with the "market."
Anyone can photoshop a PNL screenshot. No one can question a Hyperliquid position, just like no one can question a Bitcoin balance.
The decentralized future is here.
30.04.202510:58
Biweekly update
Trading
+ As a reminder, the new fee system and staking tiers will go live on May 5 at approximately 03:00 UTC. Staking and trading account linking is live on testnet. This allows users to apply the staking discounts from one account to a different trading account and is expected to go live on mainnet shortly after the new fee system and staking tiers. For more details see the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees#staking-linking
+ HLP has a fourth component vault to split liquidations among two child vaults, as part of the learnings from JELLY. The illiquid asset liquidator has a stricter tolerance before ADL is triggered.
+ HYPER, ZORA, and INIT perps were listed
Product
+ UI redesign was released. There are some outstanding items to clean up. Appreciate your patience in the meantime and thank you to everyone who caught bugs in the new UI while it was on testnet.
Validators
+ The validator set was updated to 21 permissionless nodes. Anyone can register a validator, and the 21 largest by stake form the active set. The Delegation Program has been gradually rolling out.
EVM Updates
+ Read precompiles are live on the mainnet HyperEVM and allow builders to read state from HyperCore atomically from smart contracts on the HyperEVM. For example, lending protocols could use HyperCore oracle and mark prices as a reliable source of pricing information.
+ For spot assets linked on the HyperEVM, you can click the wallet icon next to the token on the info bar or Balances table to add it to your wallet extension. Clicking on the wallet icon for HYPE will add the HyperEVM as a custom network to your wallet extension. Note that this should work on Rabby and MetaMask, but not reliably on all wallet extensions.
New Teams Live on EVM (in no particular order)
+ Morpho smart contracts, with frontends operated by Felix and HyperBeat: https://x.com/morpholabs/status/1915405407251812787
+ GlueX token swap: https://x.com/GluexProtocol/status/1915089712714559687
+ Garden Finance to swap BTC and USDC from other chains to uBTC on HyperEVM:
https://x.com/garden_finance/status/1913240544307793960
+ Frontend to wrap and unwrap HYPE <> wHYPE: https://www.whype.xyz/
+ Fan App for chatting and trading: https://x.com/fanappX/status/1912899610433266054
Community Highlights
+ Check out various community events in Dubai this week during Token2049: https://lu.ma/9mk0pssf, https://lu.ma/x9axr5wb?tk=mxte1n, https://lu.ma/a1xxxlfw
+ Cypher lets you pay with your Hyperliquid balances at stores worldwide: https://x.com/Cypher_HQ_/status/1914378977634083241
+ Perpflow enables automated delta neutral strategies on Hyperliquid: https://x.com/perpflow/status/1912855014541836761
+ Kirby shared a HyperEVM directory: https://x.com/kirbyongeo/status/1915752654950596795
Trading
+ As a reminder, the new fee system and staking tiers will go live on May 5 at approximately 03:00 UTC. Staking and trading account linking is live on testnet. This allows users to apply the staking discounts from one account to a different trading account and is expected to go live on mainnet shortly after the new fee system and staking tiers. For more details see the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees#staking-linking
+ HLP has a fourth component vault to split liquidations among two child vaults, as part of the learnings from JELLY. The illiquid asset liquidator has a stricter tolerance before ADL is triggered.
+ HYPER, ZORA, and INIT perps were listed
Product
+ UI redesign was released. There are some outstanding items to clean up. Appreciate your patience in the meantime and thank you to everyone who caught bugs in the new UI while it was on testnet.
Validators
+ The validator set was updated to 21 permissionless nodes. Anyone can register a validator, and the 21 largest by stake form the active set. The Delegation Program has been gradually rolling out.
EVM Updates
+ Read precompiles are live on the mainnet HyperEVM and allow builders to read state from HyperCore atomically from smart contracts on the HyperEVM. For example, lending protocols could use HyperCore oracle and mark prices as a reliable source of pricing information.
+ For spot assets linked on the HyperEVM, you can click the wallet icon next to the token on the info bar or Balances table to add it to your wallet extension. Clicking on the wallet icon for HYPE will add the HyperEVM as a custom network to your wallet extension. Note that this should work on Rabby and MetaMask, but not reliably on all wallet extensions.
New Teams Live on EVM (in no particular order)
+ Morpho smart contracts, with frontends operated by Felix and HyperBeat: https://x.com/morpholabs/status/1915405407251812787
+ GlueX token swap: https://x.com/GluexProtocol/status/1915089712714559687
+ Garden Finance to swap BTC and USDC from other chains to uBTC on HyperEVM:
https://x.com/garden_finance/status/1913240544307793960
+ Frontend to wrap and unwrap HYPE <> wHYPE: https://www.whype.xyz/
+ Fan App for chatting and trading: https://x.com/fanappX/status/1912899610433266054
Community Highlights
+ Check out various community events in Dubai this week during Token2049: https://lu.ma/9mk0pssf, https://lu.ma/x9axr5wb?tk=mxte1n, https://lu.ma/a1xxxlfw
+ Cypher lets you pay with your Hyperliquid balances at stores worldwide: https://x.com/Cypher_HQ_/status/1914378977634083241
+ Perpflow enables automated delta neutral strategies on Hyperliquid: https://x.com/perpflow/status/1912855014541836761
+ Kirby shared a HyperEVM directory: https://x.com/kirbyongeo/status/1915752654950596795
22.04.202515:56
By community request, you can now long or short $HYPER (Hyperlane) 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/HYPER
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/HYPER
04.04.202508:19
As discussed in the Discord governance channel, using Stalequant's methodology for reference, validators will be voting whether to delist RLB, HPOS, ORBS, BNT, NTRN, and ILV around 12:00 UTC on April 4.
27.03.202517:43
Yesterday is a good reminder to stay humble, hungry, and focused on what matters: building a better financial system owned by the people. Hyperliquid is not perfect, but it will continue to iterate and grow through the collective efforts of builders, traders, and supporters.
Users with JELLY long positions at the time of settlement will be refunded by the Foundation as if their position settled at the closing price of 0.037555. This results in all JELLY traders being settled at a price advantageous to them, except flagged addresses.
To recap what happened:
A trader self-traded a 4M USDC JELLY position at 0.0095.
The price of JELLY then rose more than 4x, with HLP backstop liquidating the 4M position.
The short position led to a loss in HLP’s account value.
The OI cap formula is a dynamic function of global liquidity and OI on other venues including major CEXs. A 4M USDC position fell within those limits, but additional open interest was prevented from being opened beyond the automatically triggered cap.
However, the key issue was that once HLP took over the position, it shared collateral with the other component vaults in the strategy and therefore did not trigger ADL.
Risk management on Hyperliquid is being strengthened in various ways, including:
+ HLP: The Liquidator vault will have a tight cap representing a small percentage of total HLP account value, rebalanced less frequently, and more sophisticated logic around taking backstop liquidations. ADL will be triggered if the Liquidator loses above a certain threshold, instead of moving collateral automatically from the other component vaults. Note that ADL is not expected to trigger during organic market activity.
+ OI caps: Open interest caps will be refined to be dynamic relative to market cap.
+ Delistings: Validators will vote onchain to delist assets that fall beneath thresholds.
Thank you for your continued feedback, support, and commitment.
Users with JELLY long positions at the time of settlement will be refunded by the Foundation as if their position settled at the closing price of 0.037555. This results in all JELLY traders being settled at a price advantageous to them, except flagged addresses.
To recap what happened:
A trader self-traded a 4M USDC JELLY position at 0.0095.
The price of JELLY then rose more than 4x, with HLP backstop liquidating the 4M position.
The short position led to a loss in HLP’s account value.
The OI cap formula is a dynamic function of global liquidity and OI on other venues including major CEXs. A 4M USDC position fell within those limits, but additional open interest was prevented from being opened beyond the automatically triggered cap.
However, the key issue was that once HLP took over the position, it shared collateral with the other component vaults in the strategy and therefore did not trigger ADL.
Risk management on Hyperliquid is being strengthened in various ways, including:
+ HLP: The Liquidator vault will have a tight cap representing a small percentage of total HLP account value, rebalanced less frequently, and more sophisticated logic around taking backstop liquidations. ADL will be triggered if the Liquidator loses above a certain threshold, instead of moving collateral automatically from the other component vaults. Note that ADL is not expected to trigger during organic market activity.
+ OI caps: Open interest caps will be refined to be dynamic relative to market cap.
+ Delistings: Validators will vote onchain to delist assets that fall beneath thresholds.
Thank you for your continued feedback, support, and commitment.
24.03.202513:13
By community request, you can now long or short $NIL 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/NIL
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/NIL
14.03.202509:27
Max leverage has been decreased for various assets to ensure platform stability during extreme volatility. Note that max leverage decreases do not affect the liquidation price of open positions until they are modified. To reduce positions that exceed initial margin requirements under the new max leverage, use reduce-only orders. The first non-reduce-only order that modifies a position will subject it to the new max leverage and maintenance margin requirements. As a reminder, maintenance margin is half of the initial margin at max leverage. E.g., if max leverage is 20x, the maintenance margin is 2.5%.
29.04.202506:28
The new fee system and staking tiers will go live on Monday, May 5 at approximately 03:00 UTC.
To recap, changes include:
+ Staking HYPE lowers trading fees
+ Separate fee schedules for perps vs spot
+ Spot volume counts double toward your fee tier
Staking and trading account linking is now available on testnet. This allows users to apply the staking discounts from one account to a different trading account. This is expected to go live shortly after the new fee system and staking tiers.
For more details on fee changes as well as staking account linking, see the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees#staking-linking
To recap, changes include:
+ Staking HYPE lowers trading fees
+ Separate fee schedules for perps vs spot
+ Spot volume counts double toward your fee tier
Staking and trading account linking is now available on testnet. This allows users to apply the staking discounts from one account to a different trading account. This is expected to go live shortly after the new fee system and staking tiers.
For more details on fee changes as well as staking account linking, see the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees#staking-linking
21.04.202517:35
The validator set has been updated to 21 permissionless nodes. Anyone can register a validator, and the 21 largest by stake form the active set. The Delegation Program is expected to go live shortly.
Technical details for validators: Validators are encouraged to carefully understand the technology and familiarise themselves with testnet before proceeding with mainnet. Note that the self-delegation of 10k HYPE is locked by the protocol for one year. This lockup applies even if a validator is not part of the active set and should be carefully considered before committing the stake. It is strongly recommended to review and apply for the Delegation Program before running a mainnet validator: https://hyperliquid.gitbook.io/hyperliquid-docs/validators/delegation-program.
Technical details for validators: Validators are encouraged to carefully understand the technology and familiarise themselves with testnet before proceeding with mainnet. Note that the self-delegation of 10k HYPE is locked by the protocol for one year. This lockup applies even if a validator is not part of the active set and should be carefully considered before committing the stake. It is strongly recommended to review and apply for the Delegation Program before running a mainnet validator: https://hyperliquid.gitbook.io/hyperliquid-docs/validators/delegation-program.
01.04.202506:30
Biweekly update
Product
+ ETH spot trading, deposits, and withdrawals are now live, thanks to Unit. You can trade spot ETH here: https://app.hyperliquid.xyz/trade/0xe1edd30daaf5caac3fe63569e24748da
+ Staking tiers determined by the amount of HYPE staked will go live on or after April 30. The initial benefit of staking tiers is reduced trading fees.
+ Misc UI improvements, e.g., added Transfer to EVM button to linked spot assets on the Balances table, tidied up Funding Comparison table
Trading
+ NIL perps were listed; JELLY and MYRO were delisted
Validators
+ The Hyperliquid blockchain has been upgraded to feature fully onchain validator voting for asset delisting. Many validators suggested having discussions happen in a public forum. While token-gated discussions are being considered (e.g., permission to post based on staked HYPE), a Discord channel #governance has been created as a temporary solution. To limit spam in the short-term, only validators and their nominated users can post, but all server members can view and react to discussion. The first topic being discussed is delisting methodology and initial assets to delist. The goal here is to reach offchain consensus transparently on which assets to delist, followed by an onchain vote.
EVM Updates
+ HyperCore and HyperEVM linking is live on mainnet. HyperCore spot assets are available as building blocks for applications on HyperEVM, and HyperEVM builders have a permissionless path to listing on the same liquid and performant order books that power billions of volume per day on HyperCore.
+ Sprites shared a script to backfill missing HyperEVM blocks on non-validating nodes: https://github.com/hyperliquid-dex/block-importer
New Teams Live on EVM (in no particular order)
+ Sentiment borrow/lend platform: https://x.com/sentimentxyz/status/1902027231758786711
+ HyperLend borrow/lend platform: https://x.com/hyperlendx/status/1904170955666001957
+ Vaults by Mizu Labs and Hyperbeat + various ecosystem partners:
https://x.com/mizulabs/status/1904580698792747018
https://x.com/0xHyperBeat/status/1904582047772938708
+ OmniX DVN validates cross-chain messages between supported chains and HyperEVM: https://x.com/OmniX_NFT/status/1899871344835039679
+ Hyperliquid Names auctions: https://x.com/hlnames/status/1902876154807333140
+ RedStone oracles: https://x.com/redstone_defi/status/1904203670457319460
Community Highlights
+ Stargate integrated Unit for ETH deposits: https://x.com/stargatefinance/status/1905670060477452593
+ Cielo wallet tracker added Hyperliquid: https://x.com/CieloFinance/status/1904959500466999395
+ Jan organized a fundraiser for the cat shelter Zilinske labky 3 months ago, and they shared a video of cats the community was able to support: https://x.com/janklimo/status/1905961119660884104
+ New Hypurr stickers have been added to Discord and Telegram: https://t.me/addstickers/Hypurrliquid
Product
+ ETH spot trading, deposits, and withdrawals are now live, thanks to Unit. You can trade spot ETH here: https://app.hyperliquid.xyz/trade/0xe1edd30daaf5caac3fe63569e24748da
+ Staking tiers determined by the amount of HYPE staked will go live on or after April 30. The initial benefit of staking tiers is reduced trading fees.
+ Misc UI improvements, e.g., added Transfer to EVM button to linked spot assets on the Balances table, tidied up Funding Comparison table
Trading
+ NIL perps were listed; JELLY and MYRO were delisted
Validators
+ The Hyperliquid blockchain has been upgraded to feature fully onchain validator voting for asset delisting. Many validators suggested having discussions happen in a public forum. While token-gated discussions are being considered (e.g., permission to post based on staked HYPE), a Discord channel #governance has been created as a temporary solution. To limit spam in the short-term, only validators and their nominated users can post, but all server members can view and react to discussion. The first topic being discussed is delisting methodology and initial assets to delist. The goal here is to reach offchain consensus transparently on which assets to delist, followed by an onchain vote.
EVM Updates
+ HyperCore and HyperEVM linking is live on mainnet. HyperCore spot assets are available as building blocks for applications on HyperEVM, and HyperEVM builders have a permissionless path to listing on the same liquid and performant order books that power billions of volume per day on HyperCore.
+ Sprites shared a script to backfill missing HyperEVM blocks on non-validating nodes: https://github.com/hyperliquid-dex/block-importer
New Teams Live on EVM (in no particular order)
+ Sentiment borrow/lend platform: https://x.com/sentimentxyz/status/1902027231758786711
+ HyperLend borrow/lend platform: https://x.com/hyperlendx/status/1904170955666001957
+ Vaults by Mizu Labs and Hyperbeat + various ecosystem partners:
https://x.com/mizulabs/status/1904580698792747018
https://x.com/0xHyperBeat/status/1904582047772938708
+ OmniX DVN validates cross-chain messages between supported chains and HyperEVM: https://x.com/OmniX_NFT/status/1899871344835039679
+ Hyperliquid Names auctions: https://x.com/hlnames/status/1902876154807333140
+ RedStone oracles: https://x.com/redstone_defi/status/1904203670457319460
Community Highlights
+ Stargate integrated Unit for ETH deposits: https://x.com/stargatefinance/status/1905670060477452593
+ Cielo wallet tracker added Hyperliquid: https://x.com/CieloFinance/status/1904959500466999395
+ Jan organized a fundraiser for the cat shelter Zilinske labky 3 months ago, and they shared a video of cats the community was able to support: https://x.com/janklimo/status/1905961119660884104
+ New Hypurr stickers have been added to Discord and Telegram: https://t.me/addstickers/Hypurrliquid
27.03.202516:23
ETH deposits, withdrawals, and spot trading are now live on Hyperliquid thanks to Unit.
Deposit ETH on http://app.hyperliquid.xyz or http://app.hyperunit.xyz
Trade spot ETH at https://app.hyperliquid.xyz/trade/0xe1edd30daaf5caac3fe63569e24748da
Deposit ETH on http://app.hyperliquid.xyz or http://app.hyperunit.xyz
Trade spot ETH at https://app.hyperliquid.xyz/trade/0xe1edd30daaf5caac3fe63569e24748da
19.03.202510:15
Introducing Staking Tiers
Staking tiers will be determined by the amount of HYPE staked. The initial benefit of staking tiers is reduced trading fees. These updates are expected to go live on or after April 30 to give users time to adjust.
As part of this update, the overall fee system will be reworked. The new fee system will have the following properties:
1. Even without staking discounts, perp and spot fees are lower than CEXs for most users.
2. Fee sensitive users can stake HYPE to benefit from even lower fees than the existing system.
3. Protocol revenue is projected to increase.
4. HYPE will have more utility for users.
What else is changing:
+ Separate fee schedules for perps vs spot
+ Spot volume counts double toward your fee tier
What is not changing:
+ Maker rebates based on % of total maker volume
+ Perps and spot volume combined to determine your fee tier
For more details, see the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees.
Staking tiers will be determined by the amount of HYPE staked. The initial benefit of staking tiers is reduced trading fees. These updates are expected to go live on or after April 30 to give users time to adjust.
As part of this update, the overall fee system will be reworked. The new fee system will have the following properties:
1. Even without staking discounts, perp and spot fees are lower than CEXs for most users.
2. Fee sensitive users can stake HYPE to benefit from even lower fees than the existing system.
3. Protocol revenue is projected to increase.
4. HYPE will have more utility for users.
What else is changing:
+ Separate fee schedules for perps vs spot
+ Spot volume counts double toward your fee tier
What is not changing:
+ Maker rebates based on % of total maker volume
+ Perps and spot volume combined to determine your fee tier
For more details, see the Docs: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees.
13.03.202514:51
To date, Hyperliquid has processed over $1 trillion in trading volume and become the first DEX to rival CEX scale. As volume and open interest continue to grow, there are increasingly large tests for the margining system. Yesterday’s event highlighted an opportunity to strengthen the margining framework to address extreme conditions more robustly. Immediate review was undertaken to analyze the scenario in detail and investigate ways to mitigate similar situations. Risk management is, and has always been, a top priority. It is a constant focus, even if not publicly highlighted each day.
To that effect, there will be a change to require 20% margin ratio on margin transfers in a network upgrade after March 15 0:00 UTC. "Margin transfer" refers to funds leaving cross wallet and isolated margin positions. Examples include withdrawals, perp to spot transfers, and adding or removing isolated margin. This change does not affect the opening of new cross margin positions and only affects new isolated margin positions if cross margin usage would exceed 5x after the isolated position is opened. This update is intended to maintain healthier margin requirements and reduce the systemic impact of large positions with hypothetical market impact upon closing.
As always, Hyperliquid remains committed to providing a performant, transparent, and resilient trading environment and delivering the best possible experience for users.
To that effect, there will be a change to require 20% margin ratio on margin transfers in a network upgrade after March 15 0:00 UTC. "Margin transfer" refers to funds leaving cross wallet and isolated margin positions. Examples include withdrawals, perp to spot transfers, and adding or removing isolated margin. This change does not affect the opening of new cross margin positions and only affects new isolated margin positions if cross margin usage would exceed 5x after the isolated position is opened. This update is intended to maintain healthier margin requirements and reduce the systemic impact of large positions with hypothetical market impact upon closing.
As always, Hyperliquid remains committed to providing a performant, transparent, and resilient trading environment and delivering the best possible experience for users.
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