Hyperliquid Announcements

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

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

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

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

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

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.

Biweekly update Trading + PAXG, PROMPT, BABY, and WCT perps were listed + RLB, HPOS, ORBS, BNT, NTRN, ILV, AI, BADGER, CATI, CYBER, LISTA, PIXEL, and RDNT were delisted + The websocket endpoint supports subscribing to realtime (i.e. per-block) BBO changes with the following subscription message: { "type": "bbo", "coin": "<coin>" } EVM Updates + Updated the Docs with more context on the HyperEVM and added a page focused on tools for builders: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperevm, https://hyperliquid.gitbook.io/hyperliquid-docs/hyperevm/tools-for-hyperevm-builders + Spot assets are shown as rows in the app.hyperliquid.xyz Balances table if you have a balance for those spot assets on the HyperEVM or HyperCore. Note that the Balances table only displays your balance on HyperCore. This is intended to make it easier for users to transfer from the HyperEVM back to HyperCore Spot. + Changes to precompiles on testnet: invalid assets or vault address will return an error and consume all gas passed into the precompile call frame; precompiles have a minor gas cost of 2000 + 65 * output_len; spot balances entryNtl in precompile is now in spot wei instead of converting to perps; token, spot, and perps info precompiles have been added New Teams Live on EVM (in no particular order) + Felix Protocol to borrow against different assets and mint feUSD: https://x.com/felixprotocol/status/1909577010663379151 + Supurr short-dated options: https://x.com/supurr_app/status/1909647001383223384 + HyperBeat yield vault: https://x.com/0xHyperBeat/status/1910711119217311949 + LiquidSwap DEX aggregator: https://x.com/LiquidLaunchHL/status/1911998416391184695 + Valantis AMM for stHYPE: https://x.com/ValantisLabs/status/1907463828226363598 + Coretex bridge: https://x.com/Cortex_Protocol/status/1906773369027956760 + Mintify UETH bridge: https://x.com/Mintify/status/1912185293265912153 + ZeroDev account abstraction solution for builders on HyperEVM: https://x.com/zerodev_app/status/1909265257287335980 Community Highlights + Nest wallet integrated trading on Hyperliquid: https://x.com/nestwalletxyz/status/1904171349012099488 + Dexari mobile trading app is live for Android: https://x.com/DexariDotCom/status/1907207095725809721 + pvp has an ongoing trading competition: https://x.com/pvp_dot_trade/status/1910082481790779607 + Various community events will be hosted in Dubai during Token2049: https://lu.ma/9mk0pssf, https://lu.ma/x9axr5wb?tk=mxte1n, https://lu.ma/a1xxxlfw + Hyperliquid KR has a community event in Seoul this Friday: https://lu.ma/s24ijevx, https://x.com/Hyperliquid_KR/status/1909221566757609955 + https://hyperscan.gas.zip/ HyperEVM explorer now supports internal txns, traces, events, and logs and is looking for contributors: https://x.com/tomkysar/status/1910275506211369349 + Figment shared a report on Hyperliquid: https://figment.io/insights/hyperliquid-first-look-the-complete-onchain-financial-stack/

By community request, you can now long or short $WCT 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/WCT

By community request, you can now long or short $BABY 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/BABY

By community request, you can now long or short $PROMPT 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/PROMPT

The onchain delisting of AI, BADGER, CATI, CYBER, LISTA, PIXEL, and RDNT perps took place smoothly. The votes completed onchain once quorum was reached at 12:07 UTC. You can see the explorer transactions for the onchain votes. Here is an example for Infinite Field's vote to delist AI: https://app.hyperliquid.xyz/explorer/tx/0x4f02217e5b489d10152f04215619420203950086a6bbf52294e35f64c650118e

As discussed in the Discord governance channel, validators will be voting whether to delist AI, BADGER, CATI, CYBER, LISTA, PIXEL, and RDNT around 12:00 UTC on April 11.