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@Abombination81 For crypto markets, price movements come from Binance, but a certain premium emerges relative to the Chainlink price. How do you calculate the fair price using these two sources?

Daily Polymarket Bot Q&A What do you need the most help with, drop it below. Lets fix it.

S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid. For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes. The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale.  SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain. Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.

@tradexyz That's fucking insane. HYPERLIQUID.

@0xemre YES + NO < 1 eşitliğindan para kazanmak diye birsey yok hocam. Emirleriniz hem UP hem DOWN orderbook a beraber dusuyor. Yani kisacasi Iki orderbook da ayni sadece 1 eksilisi.

Bunun yerine daha önce bir cüzdanın yaptığını gördüğüm her iki tarafa da bahis alan ve YES + NO < 1 eşitliğinden kar eden bir bot tasarlamaya geçtim. Bunda yaşadığım sorunları ve çözümlerini de başka bir flood'da anlatırım. Yardım isterseniz yazmaktan çekinmeyin.

POLYMARKET'TE BOT İLE NASIL KAR ELDE EDERSİNİZ? Bir süredir vibe-coding ile @Polymarket botu yazmaya çalışan birisi olarak size deneyimlerimi aktarmak istiyorum. Biraz uzun olacak 🧵 Gemini 3 Pro + Cursor'un ücretli en düşük paketini kullandım.

TLDR: During recent volatility, Hyperliquid had 100% uptime with zero bad debt. This was Hyperliquid’s first cross-margin ADL in more than 2 years of operation. ADL does not change the outcome for any liquidated users. While some specific ADL providing trades were unfavorable, the aggregate effect of ADL was that traders realized significant pnl by closing positions at favorable prices that were only briefly available. -- It’s sad to see some people attack Hyperliquid to deflect from their own platforms’ issues. Solvency and uptime are the two most important properties of a financial system. These are table stakes for any trading system, and gaslighting to convince users otherwise is unethical and irresponsible. Below is more analysis on how Hyperliquid’s margining system handled the extreme volatility. Background on liquidations For a perps system to be solvent, every position must be backed by a minimum amount of collateral. This is called the “maintenance margin.” When positions do not meet the maintenance margin requirement, they are taken over by the system to be liquidated. Earlier today, many altcoins dropped by more than 50% in a short period of time. When this happens, long positions at 2x or higher leverage must be liquidated, or else the system accrues bad debt. There were billions of dollars worth of positions liquidated on Hyperliquid in a matter of minutes. In a permissionless system, each user chooses their own position sizing and collateralization. Any system that does not liquidate the necessary users is irresponsibly gambling with other users’ funds. On Hyperliquid, every order, trade, and liquidation is transparently verifiable onchain. Many other venues significantly under-report liquidation data. This cannot be compared apples-to-apples against the fully onchain picture of Hyperliquid. Background on HLP HLP is a protocol vault with permissionless deposits that 1) provides order book liquidity and 2) performs backstop liquidations. The first role is negligible, with HLP trading less than 1% market share. The focus of this post is liquidations. Liquidations are first attempted against the order book, and any user can provide liquidity to these market liquidations. Backstop liquidations occur when the order book does not have enough liquidity to absorb an undercollateralized position. In this case, HLP takes over the position along with its collateral. For improved risk management, HLP is split into several child vaults, and each liquidation is only sent to one child vault. Background on ADL Auto-deleveraging (ADL) is the liquidation mechanism of last resort, when market and backstop liquidations do not work. See Doug’s thread (link in reply) for a thorough explanation on the details of ADL. Every ADL event has two sides: the “triggered” side is undercollateralized, while the “providing” side is decided as a function of profitability and leverage used. Similar to backstop liquidations, even though providers to ADL are profitable on average, there are no guarantees for any specific event. Some ADL providing trades were unfavorable, such as when only some components of long/short portfolio were closed. The system is designed to minimize ADLs because they are unpredictable even if ADL providing trades are profitable on average. Because HLP is a non-toxic backstop liquidator, ADL is a rare settlement of last resort. As far as I know, this was the first cross-margin ADL event on Hyperliquid mainnet (ADL is more common for isolated-only assets such as hyperps, which are not backstop liquidated by HLP). Summary of events Over the course of 20 minutes, HLP backstop liquidated billions of dollars worth of positions. HLP's philosophy has always been to provide liquidity of last resort. Contrary to misconceptions, HLP is a non-toxic liquidator that does not pick profitable liquidations. Instead HLP is a public good for maintaining system solvency. In particular, Hyperliquid has no liquidation fees. HLP’s design, including its multi-component child vault system, is the product of countless simulations, and allows HLP to maximally serve the benefit of the protocol while managing its own risk. In fact, the liquidator child vaults of HLP themselves became undercollateralized in the course of backstop liquidating as many user positions as possible. This is by design, where child vaults are isolated from the other components of the overall strategy. HLP is treated no differently from other users when participating in ADL. In aggregate, HLP's child vaults were the largest addresses on the triggered side of ADL by more than an order of magnitude. The addresses on the providing side of ADL against HLP’s child vaults realized hundreds of millions of dollars in additional profit relative to the prices shortly before and after the dislocation. On other venues, the liquidation engine is not transparent and therefore may not be subject to the same strict margin requirements as for normal users. On these venues, the exchange could have backstop liquidated more positions, bearing increased solvency risk to extract hundreds of millions in business revenue. This is not an acceptable tradeoff for Hyperliquid. Finally, I know that this is a difficult time for many traders, and I hope the community can continue to support each other and grow together. As a contributor to Hyperliquid, I’ll continue to work my hardest to build the best possible platform that can house all of finance. Times like this highlight the importance of transparency and fairness in the financial system.

@stalequant woo x used same model once. If you stake something like 1800 Woo token, then you would have 0 taker fee as non-api traders. Looks like didnt work, they cancelled it in 2024.

Jeff from @HyperliquidX Labs will be in Korea for the first-ever in-person Hyperliquid Hackathon. 🛠 Build on HyperEVM & HyperCore 🛠 Ship real products to mainnet 🛠 Win prizes, claim swag, and connect with builders worldwide 📍 Seoul, Korea 📅 Sept 21–22 Register today → hlh.builders

@Wonderkidfinans @JamesWynnReal karı piç etti

@neutk_ @JamesWynnReal çok yakında daha fazla ekleme yapmazsa donunu alacaklar ama haberi yok :D

LONG $BTC DONT LET THEM FUCKERS LIQUIDATE ME!!!!!!!!!

@ephemeris_eph are those participants RL agents?

I vibe coded a market simulation: Perp. contract engine (Orderbook+Matching, Eventsystem+StateAggregator), key order types (Market, Limit, Stop, Reduce), liquidation engine, order fees, autonomous participants (MM, Whale etc.), and a UI dashboard. Every run is different! 22k LOC

@DefiIgnas x.com/chameleon_jeff…

Crypto needs more non-USD stablecoins: As DXY is down by 9.5% in just 3 months, even those sitting in USDC/T are losing out on forex opportunities. For example, in just one week the Swiss franc is up 8%, but there is no liquid CHF stablecoin available. I believe this onchain forex is a massive opportunity in the market. Synthetix was building it, but they failed. Are there any other DeFi projects working on this? CC: @alpha_pls :)

@fidelitas_lex hyperliquid

@stalequant Give some time. It just started. No one knows whats going on.

@TaikiMaeda2 lol

A few days ago I asked Vitalik what everyone wanted to know... Is his size, size? 🍆👄👀

@laurentzeimes Bozos

@mofixss @Wonderkidfinans @06AGA58 @chameleon_jeff 🫡🫡

@mofixss @Wonderkidfinans @06AGA58 hashdahs . HL nin en cok hacim yapan MM ninin coini. Borsanin kurucusuna cok buyuk saygi oldugu icin adina itafen yapilmis.@chameleon_jeff . Soon :)

Neden memecoin kovalamak için en uygun yer Hyperliquid borsası? 1) Sınırlı sayıda coin çıkıyor. Yani coin spamlanmıyor. Hyperliquid borsasında coin listeleyebilmek için 31 saatte 1 düzenlenen bir dutch auction var. Listeleme ücreti gittikçe düşüyor ve biri satın aldığında duruyor. Bu sayede her gün 100lerce yeni memecoine maruz kalmıyorsun. Borsa bir memecoin çöplüğüne dönüşmüyor. 2) Rug-pull'un zararı minimize edilmiş durumda. Likidite, borsanın geliştirdiği HIP-2 botu ile sağlanıyor. Böylece coin deployerı LP ruglama yapamıyor. Sadece elinde tuttuğu coin kadarını satabiliyor. HIP-2 botu emir defterindeki boşlukları doldurduğu için de fiyatın çakılması yavaşlıyor. Hatta deployerı terk ettiği halde 500k-1m $ piyasa değerini koruyup communitynin çalışmaları devraldığı projeler bile var. 3) Toplulukla iletişim çok kolay. Hyperliquid memecoin community'si, içeride her coine ait ayrı sohbet odası bulunan bir telegram grubunda toplanmış durumda. Böylece bütün toplulukla kolayca iletişimde kalabiliyorsun ve community aktifliğini, meme ve sticker süreçlerini bizzat gözlemleyebiliyorsun. Üstelik her coin için ayrı gruba girmene de gerek kalmıyor. 4) Otomatik dahil olunan whale chat grupları var. Coinin belli bir miktarını elinde bulunduran kişilere otomatik açılan balina sohbet odalarında stratejileri ve planlamayı koordine edebiliyorsun. 5) $HYPE token airdropu. Çok yakında borsanın tokeni çıkacak ve 300 milyon ile 2 milyar dolar arası airdrop bekleniyor. Geçen haftaya kadar 20m $ olan toplam spottaki para şu an $HYPE tokenı almak için bekleyen parayla 75m $ civarlarında. Airdropla birlikte büyük bir dalga geleceği aşikar. 6) Bütün cüzdan hareketleri, coindeki alım-satımlar, coin dağılımı, farklı cüzdan transferleri vb izlenebiliyor. hypurrscan.io/dashboard sitesi üzerinden kolaylıkla girdiğin coinin market makerının ve balinalarının cüzdan hareketlerini görebiliyorsun.

It's inspiring to see tens of thousands of community members secure life-changing wealth as part of the Hyperliquid genesis event. Importantly, none of these people were insiders. They: 1) believed in the vision for a better financial system when no one else would 2) acted on that conviction by using and building upon the nascent technology, bootstrapping an unstoppable financial network The Hyperliquid genesis pays homage to the original ethos of Bitcoin: ownership goes to the believers and doers, not rent-seeking insiders. For all you early believers, thank you for the unwavering faith and support. Hyperliquid would be nowhere without you all. I'm grateful and honored to be building alongside you. -- Looking back, we've come a long way. But looking ahead, there's so much further to go. Finance is humanity's greatest invention. It is the only effective way to coordinate human effort across time and space. Yet, the legacy financial system contradicts its underlying goal of empowering individuals: - it is opaque and centralized - it is owned and operated by privileged insiders - it doesn't embrace technological innovation to better serve users Hyperliquid is the evolution of finance. And Hyperliquid has not succeeded until it houses all of finance. If you're reading this now, you're still early. The new financial system welcomes you with open arms.

@ozzysol İçeride belli olmuyor hocam :)

@neutk_ yok

Turk CT sinde spot Hyperliquid meme cycle ini degerlendiren tek kisiyim sanirim..

When selecting a ticker on the HL spot, I also consider the depth of liquidity in the order book. A thinner order book is preferable during a price surge, but I believe whales favor a thicker one in the long term due to selling absorption. Below is a list of tickers and the effect on price if you wish to own 0.1% of the supply.

Hyperliquid's going strong ahead of its HYPE airdrop This is why Hyperliquid is winning 👇 ~~~ Op-ed written by @davewardonline ~~~ -------------------------------------------------- In just two years, @HyperliquidX has quickly positioned itself as a leading force in the crypto derivatives market, emerging as one of the most actively traded perpetual DEXs. Hyperliquid has taken a product-first approach, fostering organic growth without heavy reliance on incentives and maintaining financial independence as a strictly self-funded team. It’s processed $21B in volume this week alone and has 3x’d its total share of perpetuals volume this year, climbing from ~11% in December 2023 to 33% this week. All the while, Hyperliquid has been running a points program that will soon culminate in the highly anticipated $HYPE token TGE, laying the foundation for its future decentralization, the addition of EVM compatibility, and community governance. With that in mind... What Makes Hyperliquid Unique? Hyperliquid’s unique feature set goes beyond traditional derivatives, offering thoughtfully built tools for token creation, liquidity management, seamless user experience, and yield generation. HIP-1: A Native Standard for Spot Assets Beyond just perps, Hyperliquid also boasts functionality for native tokens via its HIP-1 token standard, which enables projects to launch tokens through a simple, five-step on-chain process where they define essential details like token name, supply cap, and initial balances. The most unique feature of HIP-1, though, is its Dutch auction system for acquiring token ticker symbols. In this auction process, token creators bid for ticker symbols with prices starting high and gradually decreasing over 31 hours. This approach ensures a fair and transparent bidding and listing environment, which keeps costs reasonable and regulates the pace of new listings. With only around 280 new tokens allowed each year, this system prioritizes quality and prevents the market from becoming overrun by low-quality projects. HIP-2: Hyperliquidity HIP-2, known as Hyperliquidity, ensures tokens have sufficient liquidity to keep markets stable. HIP-2 handles this by providing a fully automated, onchain liquidity system specifically for HIP-1 tokens, enabling market making without third-party market makers. In practice, HIP-2 automatically places buy and sell orders for each token on Hyperliquid’s order book, adjusting these orders frequently to match current market prices. This feature creates a reliable, steady trading environment that benefits both token creators and traders. Inspired by Automated Market Makers (AMMs) like @Uniswap, HIP-2 adapts AMM principles for use in a traditional order book model, the default for centralized exchanges, and which many traders prefer for its precise buy/sell pricing. In essence, HIP-2 functions as an inbuilt market-making service, ensuring a stable and accessible trading experience for all tokens launched on Hyperliquid’s platform. Standout User Experience Hyperliquid’s user experience is designed to be smooth and cost-effective, especially for active traders, with two particular standout features: ▫️ Gasless Trading: Hyperliquid boasts a gasless trading model, letting users place orders without paying transaction fees — only minimal fees are needed for deposits and withdrawals. ▫️ HyperBFT: The platform uses a custom consensus mechanism called HyperBFT to handle a high volume of orders with very low delays. Most trades go through in 0.2 seconds or less, with a cap of 0.9 seconds, even in busy times. Further, this system can handle up to 100K orders per second, with the potential to scale even further in future updates. By combining no-fee trading and fast, reliable processing, Hyperliquid provides a highly responsive and low-cost trading experience that’s ideal for both casual users and high-frequency traders. Yield Opportunities with Vaults and Copy-Trading Another unique feature of Hyperliquid comes from its two types of vaults, designed to help users generate returns, whether via mirroring experienced traders or earning yield through platform activities. ▫️ User Vaults: User Vaults allow users to automatically copy the trades of experienced traders who manage these vaults. By depositing funds into a User Vault, users share in both the profits and losses of the vault’s manager, creating a passive way to benefit from potentially profitable strategies without active trading. This setup is ideal for those who want to engage in the market without needing advanced trading knowledge, though you must pick vaults wisely. ▫️ Protocol Vaults: Protocol Vaults focus on lower-risk yield generation. For example, the Hyperliquidity Provider Vault collects returns from market-making, handling liquidations, and protocol fees. This type of vault offers a steadier, more predictable source of income through Hyperliquid’s own operational activities, making it suitable for users interested in less volatile returns. How to Get Exposure to HYPE? With points ended and FOMO high, many are figuring out how to get exposure to Hyperliquid pre-TGE. As it currently stands, there are three main ways to participate, offering different levels of risk and, of course, different levels of reward. ▫️ Hyperliquidity Vault: The lowest risk option comes from the Hyperliquidity Vault (HLP). Investing here is a bet on the activity of Hyperliquid continuing to increase and earning a return from the protocol fees, liquidations, and market-making that will come with it. ▫️ Ecosystem Tokens: A riskier play with more potential upside is buying ecosystem tokens like $PURR and $HFUN, already listed on Hyperliquid. PURR is Hyperliquid’s flagship memecoin, being one of the first assets deployed under HIP-1. HFUN, on the other hand, is the token for Hypurrfun, a Telegram trading bot built by the top trader on Hyperliquid, which is evolving into a trading suite whose fees go towards buying back HFUN. ▫️ Hyperliquid Points: Lastly, one can HL points from secondary markets. Points are currently priced at ~$12 on Whales, a far cry from the fabled $800 per point. Given the illiquidity of this option and the unknowns around when exactly HYPE will launch, buying points do come with strong risks to consider, especially given the high levels of valuation HYPE is speculated to launch at. What to Expect After HYPE Launch? With HYPE's launch will come key developments that expand Hyperliquid's ecosystem and enhance decentralization, including Ethereum compatibility through HyperEVM and a community-driven governance model. Here’s what these changes mean for the future of the platform. HyperEVM One of the most anticipated developments after the HYPE launch is HyperEVM, which will introduce Ethereum compatibility for Hyperliquid. Ethereum developers will be able to deploy applications directly onto Hyperliquid, tapping into the network’s strength while offering its ecosystem increased versatility and functionality. 35 teams have already been identified for deploying on HyperEVM. For example, @felixprotocol will introduce stablecoin, feUSD, allowing users to borrow against major assets while earning native yield, while @hyperlendx will bring money markets for lending and borrowing to the L1. Network Decentralization Once HYPE is launched, Hyperliquid’s journey toward decentralization will begin, as holders will play a significant role in the platform’s governance and operational security. Through HYPE, token holders gain voting power on key decisions, from platform updates and fee structures to broader policy changes, ensuring that the community has a voice in shaping Hyperliquid’s development. In addition to governance, HYPE will likely play a role in enabling a distributed network of validators to increase network security. Currently, Hyperliquid operates with four core validators, all run by its team members. After TGE, Hyperliquid aims to implement a validator network to decentralize transaction validation and reduce reliance on any single operator. This approach not only enhances network security and transparency but also builds the foundation for a fully decentralized ecosystem where users are actively involved in both governance and operational resilience. Closing Thoughts In just a short span, Hyperliquid has established itself as a trading powerhouse, distinguishing itself with a product-first approach, fast and fee-efficient user experience, and a dedication to organic growth. As the HYPE token TGE approaches, the ecosystem is poised for a significant shift toward decentralization, opening the door for community governance, rapid expansion via Ethereum compatibility with the HyperEVM, and a network of decentralized validators that enhances its security and resilience. Whether engaging through ecosystem tokens like PURR and HFUN, participating in the Hyperliquidity Vault, or exploring secondary markets for points, early adopters have various ways to gain exposure ahead of the token launch. Hyperliquid’s future looks very promising, with HYPE launching at the perfect time to fuel its further expansion.