Hyperliquid Announcements

As discussed in the Discord governance channel, validators will be voting on whether to delist OMNI and NEIROETH around 9:00 UTC on Sep 25.

Upcoming events in Singapore for Token2049 Tuesday: Sep 30 + Ethena x Based networking: https://luma.com/1n19ixnn + Liquid networking at VUE: https://luma.com/36x7jxpj + Hyperliquid Labs community event: https://luma.com/hl-community. Note that this event will be extremely oversubscribed. When you request to join, please share your project and role (if you're a builder) as well as the social media handle you use most in the Hyperliquid community to make it easier to assess Wednesday: Oct 1 + Community-organized brunch: https://luma.com/e35mi6m1 + Kinetiq, IMC, and Maven 11 at Gardens By the Bay: https://luma.com/x63ddhcb + Flowdesk x Kinetiq rooftop drinks: https://luma.com/yx1lbgxv + Hypio, Hyperbeat, Optfun, and TIDEMRKT disconnect party: https://luma.com/l8kty2dh Thursday: Oct 2 + Based pickleball: https://luma.com/25b93x6x + Hypio, Hyperbeat, and Optfun meet-up: https://luma.com/l64pjve5 Friday: Oct 3 + HypurrCo gathers: https://luma.com/lxmncmkq

By community request, you can now long or short $0G 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/0G

By community request, you can now long or short $STBL with up to 3x leverage. Trading is on low leverage and isolated margin only. 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/STBL

By community request, you can now long or short $AVNT with up to 5x leverage. Trading is on low leverage and isolated margin only. 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/AVNT

Proposal for permissionless aligned stablecoins [pending feedback, forwarded from governance forum] The Hyperliquid protocol will support “aligned stablecoins” as a permissionless primitive for stablecoin issuers to leverage Hyperliquid’s unique distribution and scale together with the protocol. Aligned stablecoins offer lower trading fees, better market maker rebates, and higher volume contribution toward fee tiers when used as the quote asset for a spot pair or the collateral asset for HIP-3 perps. Hyperliquid will continue to support a wide variety of permissionless quote assets for spot and perps trading. There will be continual technical developments to ensure that the Hyperliquid L1 is the most performant infrastructure for general purpose asset issuance, liquidity, and building. To be clear, the motivation behind alignment is not to exclude any issuers, but rather to introduce an opt-in setting for new stablecoin teams to bootstrap their network effects and share upside proportionally with the protocol. Aligned stables and other assets serve different purposes and audiences, and will coexist and complement each other. In an ideal outcome, the next generation of payments and personal finance technologies are built on Hyperliquid. Similar to the builder-protocol synergy of permissionless spot listings, HIP-3, and builder codes, aligned stablecoins are part of the infrastructure to move all of finance onchain. Aligned stable benefits, applied to spot and perp trading: 1. 20% lower taker fees 2. 50% better maker rebates 3. 20% more volume contribution toward fee tiers Onchain requirements: 1. Enabled as a permissionless quote token 2. 800k additional staked HYPE by deployer, meaning a total of 1M staked HYPE including the 200k staked HYPE for the quote token deployment. This is to give builders and users assurance to use the aligned stablecoin. 3. 50% of the offchain yield shared with the protocol. Validators vote on the precise definition of this yield as stablecoin regulation develops. The intention is to reflect the yield earned by the issuer’s offchain assets. There will be follow-up work on the exact definition of risk-free rate, which will be updated according to an onchain stake-weighted median of validator reported values. A CoreWriter action will allow the deployer to reflect the exact minted balance from HyperEVM directly to HyperCore, which will allow a fully automated fee share mechanism as part of L1 execution. Offchain requirements, enforced through onchain quorum of validator votes: 1. Fiat USD-backed stablecoin 2. Full supply natively minted on HyperEVM. Any supply on other chains or offchain must first be minted on HyperEVM as the source chain. 3. The issuer exclusively issues this one asset. The issuer may work on other products, but they must synergize with the aligned stablecoin. Examples include neobanks and payments denominated in the stablecoin. 4. The issuer cannot benefit from any other form of yield income or asset issuance. For example, this excludes issuers of other stablecoins. It also excludes indirect arrangements where the issuer receives external income in exchange for conversion of the aligned stablecoin into another asset. 5. The team building an aligned stablecoin must be independent and dedicated to building on Hyperliquid. Offchain requirements will inevitably involve judgment, and the validator quorum is empowered to interpret them in line with the intent. The 1M staked HYPE can be slashed in accordance with the rules above. Any feedback is appreciated. Note that the conditions above have not been finalized and community suggestions are welcome.

By community request, you can now long or short $ASTER with up to 3x leverage. Beware of low liquidity, high volatility, and increased liquidation risk. Trading is on low leverage and isolated margin only. 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/ASTER

Weekly update Product & Tech + Becoming a spot quote asset will become permissionless on mainnet, pending testnet testing. See the proposed criteria in the API announcements channel + HIP-3 markets will support using any quote asset as collateral, pending testnet testing. Read more in the API announcements channel + The ability to purchase the USDH ticker was awarded to the Native Markets team via onchain vote. Thank you to all participants - proposal teams, validators, and community members - who dedicated precious time to this very active and engaged governance process. Looking forward to many of these stablecoin proposals going live + A Stablecoin Swap modal was added to the app.hyperliquid.xyz Portfolio page to simplify the flow for users. This routes swaps to the spot order book Trading + LINEA hyperp was converted to a regular perp + SKY perp was listed New Teams on the HyperEVM (in no particular order) + Native USDC and CCTP V2 (Note that USDC on the HyperEVM and HyperCore are not linked. You cannot transfer USDC on the HyperEVM to HyperCore or vice versa yet): https://x.com/circle/status/1967928959947116873 + QuickNode RPC adds archive, debug, and trace support: https://x.com/QuickNode/status/1965415063826903218 + EO Network oracles: https://x.com/eoracle_network/status/1967544205405987001 + Tangem wallet: https://x.com/Tangem/status/1967853412969799789 + Bridge via Across and Layerswap: https://x.com/AcrossProtocol/status/1967980820779733412, https://x.com/layerswap/status/1962938791963873319 + Fibrous DEX aggregator: https://x.com/FibrousFinance/status/1965124664901976220 Community Highlights + Winners were announced for the Hyperliquid Community Hackathon: https://x.com/hl_hackathon/status/1966756985568694302 + Xulian did a whiteboarding session with LayerZero on Hyperliquid: https://x.com/LayerZero_Core/status/1966534692993212605 Upcoming events in Seoul for KBW + Sep 21-22 - HLH two-day hackathon hosted by HypeRPC (Imperator): https://luma.com/5wzngdgk + Sep 23 - Fireside chat with Jeff at KBW moderated by SKYGG's Christy: https://conference.playfablo.com/en/conference/KBW/session/2025-09-23 + Sep 23 - HypurrCorea, HypurrCo, and Hyperliquid KR meet-up: https://luma.com/hwfhyz82 + Sep 24 - Hyperbuilder, XTrade, ScalingX, Wallet V, D'CENT Wallet, Vectis Finance, Hyperwave, and SlashTrade meet-up: https://luma.com/rrhswu2t + Sep 25 - Hyperliquid KR, HypurrCo, B-Harvest, HypurrCorea, and HypeRPC meet-up: https://luma.com/mhpqyz0j

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

The LINEA hyperp has converted to a regular perp. You can now long or short $LINEA 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/LINEA

Over the past week, the community engaged with teams’ proposals for the USDH ticker for a Hyperliquid-first, Hyperliquid-aligned, compliant, and natively minted USD stablecoin. While USDH is no more than a reserved ticker at the protocol level, it has come to represent a community rallying around a common cause and a successful experiment in decentralized governance. Thoughtful dialogue, proposal iteration based on user feedback, and community stewardship are values that will continue to drive Hyperliquid forward as it strives for the goal of housing all of finance. Regardless of the vote’s result, it will be exciting to see many of these proposals go live and contribute to growing the Hyperliquid ecosystem. Thank you to all participants who dedicated their precious time to participate in this governance process. Voting will begin on September 14 at 10:00 UTC. Each validator should share their intended vote in the Discord governance forum, if available, by September 11 at 10:00 UTC. Stakers have until September 14 at 10:00 UTC to stake to a validator who matches their vote. Voting is fully onchain through a transaction on the Hyperliquid blockchain and based on stake. When quorum (2/3) is reached, the designated address will be able to bid on the ticker in the spot deploy gas auction. As a reminder, the Foundation validators will effectively abstain by voting for the team with the most non-Foundation votes based on validator commitments made on September 11 weighted by stake on September 14.

Weekly update Product & Tech + The USDH ticker, currently reserved by the protocol, is being released by validator vote with discussion in the ⁠Discord server's USDH forum. The USDH ticker is well suited for a Hyperliquid-first, Hyperliquid-aligned, compliant, and natively minted USD stablecoin. Teams have until Sep 10 at 10:00 UTC to submit a proposal, and validators will state who they are voting for by Sep 11 at 10:00 UTC. Users have until Sep 14 at 10:00 UTC, when validator voting begins, to stake to a validator matching their vote. Voting is based on stake, and the Foundation will effectively abstain. For more details, see the previous announcement and the ⁠Discord forum. + Spot pairs between two spot quote assets now have 80% lower taker fees, maker rebates, and user volume contribution. + The referral claim action now claims rewards in all quote assets (currently USDC and USDT). A separate ledger update is recorded for each reward asset claimed. Trading + LINEA hyperp was listed, and WLFI hyperp was converted to a regular perp + MKR perp was delisted New Teams on the HyperEVM (in no particular order) + Dune analytics: https://x.com/Dune/status/1963240600687530392 New Teams on HyperCore (in no particular order) + Rabby wallet perps trading: https://x.com/Rabby_io/status/1964360621681414356 + HyperSig multisig frontend dedicated to HyperCore: https://x.com/hypersig_/status/1963273147144396990 + FalconX staking and custody: https://x.com/FalconXGlobal/status/1963225506020491627 + HypeDexer historical data by Enigma validator: https://x.com/hypedexer/status/1964072412632535123 + Jan's hypeburn.fun added a staking delegation breakdown: https://www.hypeburn.fun/staking