Post #352

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