Hyperliquid Introduces YZY/USDC Perpetual Contract With 3x Leverage
According to its official announcement, HTX launched YZY/USDT perpetual contracts with up to 20x leverage on Aug. 21, alongside a trading event offering a $10,000 prize pool through Aug. 28.
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Fact Check
The statement is directly and explicitly confirmed by a credible source, CertiK Pulse, which states, 'Hyperliquid has launched a YZY/USDC perpetual contract that supports up to 3x leverage.' This is strongly corroborated by primary evidence from Hyperliquid's own platform, which announces the new listing of 'YZY-USD perps' (perpetual contracts), and is further supported by other sources confirming the launch of YZY trading on the platform.
Summary
HTX announced the listing of YZY/USDT perpetual contracts with a maximum leverage of 20x starting Aug. 21. The exchange also introduced a promotional trading event running until Aug. 28, with a $10,000 prize pool. Registered users achieving at least 10,000 USDT in valid trading volume will be eligible for rewards distributed by ranking, with additional benefits for new contract users.
Terms & Concepts
- Perpetual Contract: A type of futures contract in cryptocurrency trading that has no expiration date, allowing continuous trading with leverage.
- Leverage: A financial tool that allows traders to open positions larger than their account balance, amplifying both potential gains and losses.
- USDT: A stablecoin pegged to the US dollar, commonly used in crypto trading for liquidity and settlement.