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24/7 decentralized derivatives on everything that matters | built on @HyperliquidX

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The HyperMercantileLink (hML).

A unified financial interface for the trading and deployment of next generation financial derivatives, powered by HyperLiquid L1.

24/7 trading of tokenized assets, synthetics, AI & GPU futures, and more.

Hyperliquid

[ddot @hyperddot]

https://t.co/k0ukngOx2L

[Picasso @0xPicasso]

5 new upcoming HIP-3 projects that I am adding on my watchlist

- @sekai_fi : lets anyone launch an LST on Hyperliquid.
- @onlyvibes_trade : long or short mindshare indices
- @hyperddot: markets for physical goods & RWAs
- @auramoney: Perp + Prediction Markets w/polymarket
- @computeindex: GPU futures markets

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@0xPicasso @sekai_fi @onlyvibes_trade @auramoney @lit_trade 🫡

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@tokenyz @chameleon_jeff 🎉

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@dejixyz the perpification is loading 🤝

[Deji @dejixyz]

The Interview: @hyperddot

Ddot is a Mercantile exchange building on Hyperliquid and today we get to hear from the Founder on topics ranging across the meaning of Mercantile Exchanges and the ecosystem they’re looking to cultivate so keep reading to find out more!

What prompted the idea of Ddot?

Ddot was born from two core assumptions. First, perpetuals are one of the most important recent financial innovations — simple, leveraged instruments that remove the complexity of futures expiries while offering the appeal of options without exposure to Vega.

Second, we know that traditional finance is moving towards 24/7 markets, and that this will become the global norm. We want to combine these to be the leading solution for the trading of RWAs.

What was the main attraction to building on Hyperliquid?

The best markets in the long run are the fairest and tightest. On-chain trading is uniquely suited to 24/7 markets thanks to instant settlement, reliability, and order book-based systems provide unmatched transparency.

We’ve been following Hyperliquid since Jeff’s 2023 @choffstein Flirting with Models episode, and with the rapid growth of their exchange, it felt like the perfect place to build. The announcement of HIP-3, enabling permission-less perp deployment, decided the future for ddot.

For people that don’t understand Mercantile Exchanges, can you give an overview and how it relates with Ddot?

A mercantile exchange is a marketplace for buyers and sellers to trade commodities and financial derivatives. We’re aiming to move market share from off-chain (e.g. the Chicago Mercantile Exchange - CME) to on-chain.

Who would you describe as your ideal user?

Our early adopters are traders who want access to high-performance, transparent derivatives 24/7 — e.g., someone looking to trade U.S. equities on the weekend with up to 50x leverage. Longer term, our vision is for institutional investors, such as pension funds, to use ddot for their broad index exposure, which would signal that we have achieved important regulatory breakthroughs.

Do you expect more competition in this specific niche or do you believe you have a free go at it in the long run?

We expect multiple deployers of HIP-3 markets to tackle these problems, however there are a lot of TradFi markets that should be moved on-chain, so the space is quite broad.

One problem deployers will face is initial liquidity provision, which we can provide in-house via our own market making systems. What is key for these markets is the integration with front ends such as @phantom and @Rabby_io to drive volume, which is one of our focuses.

How many team members do you currently have and is there any plans or talks around funding rounds?

We are currently 3 but are looking to expand asap. At the moment we are bootstrapped, with income from our current multi exchange crypto market making operation.

What do you think of Digital Asset Treasuries based on $HYPE?

MSTR has made this trendy, honestly view it as abit of a fad but does solve accessibility issues for certain individuals.

Do you think Hype becomes the focal point token for tradfi, superseding btc considering Hype is based on a running business?

Really BTC is viewed alike an index for crypto by the average earth enjoyer, and thus it’s not really something HYPE will replace. However, I think there is massive upside in $HYPE and thus I am extremely long.

What other niches do you think are under-explored within the HL ecosystem?

Hyperliquid is becoming the leading trading venue, I’d like to see more development in RFQ solutions for the seamless execution of large trades via HyperCore.

Any final words you’d like to give us?

If you cannot simply explain your edge, then you are just gambling.

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@Param_eth Great writeup, next gen perps via HIP-3 loading @hyperddot

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@kelxyz_ ticker squat?

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@haojun222 @chainlink @CommerceGov working on it

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@0xdavinci_ hip-3ification

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@bisasolo hip3

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@Malicious_Mort @HyperliquidX @ChuckSBradford @defidaddy u kno it perpman 🫡

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@0xddx2 @reisnertobias @ryskfinance @sentimentxyz @hyperdrivedefi @hyperbloomxyz @delpho_labs @NestExchange @FundamentalHL 🫡

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@dejixyz 🤝

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@0xOmnia Heavily HIP-3 coded

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The venue for USDC/CN¥ perps?

ddot x Hyperliquid

[*Walter Bloomberg @DeItaone]

🚨 CHINA EXPECTED TO DISCUSS EXPANDING USE OF YUAN, POSSIBLY INCLUDING STABLECOINS, AT SHANGHAI SUMMIT THIS MONTH, SOURCES SAY

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@axe_capital @RubiFi_HL 👀

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@tokenyz breaks down some of the complexities of HIP-3 market design for a @HyperliquidX fee perp 🌊

[dimer @tokenyz]

HLFEE/USD perps

As a fun experiment, let’s design a perpetual for Hyperliquid fees to discuss some of the complexities of product design. We want to create something that traders can use to speculate on the future fee generation of HL. You wouldn’t want to price this on the cumulative value, but some daily rate of return. 1/6

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@reisnertobias HIP-3

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@wsbmod alright buddy

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@Sakrexer 🌞