Hyper Governance

Infrastructure to house all finance. Trade crypto, commodities, indices, FX, and real-world assets onchain, 24/7. Not directed at UK persons.

[Hyper Governance @HyperrGovern]

https://t.co/Ldu0syGAoV

[Hyper Governance @HyperrGovern]

The $HYPE Season 3 Rewards Proposal Is Now Live.

Cast your vote now: ↓ https://t.co/4RteGsGWdn

[jeff.hl @chameleon_jeff]

Growing up in the United States, NYSE was synonymous with the story of American capitalism. I vividly remember learning about the Buttonwood agreement in 9th grade history class. 24 stockbrokers met under a tree on Wall Street and formed the beginning of what would become the world's financial center. From pits to computers to now onchain markets, America has always led the way in innovating markets to improve price discovery and capital formation. Today the next chapter begins with ICE, trade[XYZ], and Hyperliquid.

ICE started as an electricity-trading platform in 2000, growing to acquire NYSE itself in only 13 years. It is a key infrastructure provider of America’s energy, bond, and mortgage markets. ICE is a rare story of exponential growth of a financial giant over decades, continually embracing innovation and technology.

trade[XYZ] was the first HIP-3 deployer and responsible for spearheading the flourishing global RWA perpetual market today. Only a year ago, trade[XYZ] launched its first RWA perpetual markets. They took a bet on HIP-3, which had just launched after months of tireless development. Having followed their journey from day 1, I cannot overstate how much Shoku and the team have poured into growing these markets to a genuine source of price discovery for the most important assets in the world.

Over the past three years, Hyperliquid has pioneered onchain infrastructure to house all of finance. Hyperliquid is nothing without its world-class builders. I am honored that trade[XYZ] and ICE have chosen to build on Hyperliquid to bring perpetual contracts to America.

When I first spoke to Jeff Sprecher around a year ago, he asked what success looks like to me. I thought for some time and joked that it would be seeing ICE building on Hyperliquid's technology. I could never have predicted the progress that we've made as a community in a single year to make this come true. Excited to see what we can build together next.

[Hyperliquid @HyperliquidX]

Intercontinental Exchange (ICE) and trade[XYZ] have announced their plan to use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US traders across crypto, equities, commodities, foreign exchange, and other real-world assets, subject to regulatory approvals. ICE operates NYSE and some of the largest exchanges and clearing houses globally.

In this structure:
+ Hyperliquid serves as the underlying technology infrastructure via HIP-3*
+ trade[XYZ] designs and implements the markets
+ ICE operates the regulated market and clearing structure

Existing trade[XYZ] HIP-3 markets will remain unchanged.

Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.

[Pump.fun @Pumpfun]

Pumpfun x @HyperliquidX

Perps are live on the Pumpfun app!

Long or short crypto, stocks & commodities on the biggest onchain perps engine, straight from your USDC balance. No bridging required.

Learn more 👇

[Hyperliquid @HyperliquidX]

Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts.

HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.

Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.

[jeff.hl @chameleon_jeff]

Thank you to @TheStalwart and @tracyalloway for having me on! Appreciate the research that went into the thoughtful questions and discussion.

We derived some interesting results live about how mechanisms such as HIP-3* ought to work. This wasn't scripted and reflects close listening and quick learning by the hosts. I was impressed and enjoyed the conversation.

[Hyperliquid @HyperliquidX]

Thank you to everyone who traveled near and far to make it to Monday's community event. Multiple members of the ecosystem hosted their own events to celebrate Hyperliquid and the community throughout the week. Thank you to every organizer for the hard work and dedication behind each one.

The builder booths were a highlight for many. To everyone building on Hyperliquid: thank you for bringing more of finance onchain and spreading the word.

Since last year, even more builders, users, and institutions have contributed to the ecosystem's growth. Hyperliquid's vision is to be infrastructure to house all finance, and every year, that vision becomes more of a reality.

[Hyperliquid @HyperliquidX]

The Hyperliquid community event will take place on the evening of October 5 in Singapore: https://t.co/jVuGo3rhn7

This is a chance to spend time with the builders and users who've shaped the ecosystem

The event is oversubscribed; you will only be able to attend if your RSVP was accepted. If your RSVP was accepted but you're no longer able to attend, please cancel your RSVP to make space for others

[xStocks @xStocksFi]

Accelerating the next phase of tokenized stocks on @HyperliquidX.

MUx, SKHYx, NVDAx, QQQx and SPYx live as native spot markets.

~$1M in liquidity per asset. 8–12 bps average spreads.

Trading 24/7 with more assets launching soon.