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Hyperliquid Converts WLFI Excess-Return Perpetual to Standard With 5x Leverage

According to Hyperliquid’s official announcement, the WLFI pre-market contract has been converted to a standard perpetual contract, now offering users long and short trading options with up to 5x leverage.

HYPE

Summary

Hyperliquid officially announced the transition of its WLFI pre-market contract into a standard perpetual product. The update enables users to trade WLFI with up to 5x leverage on the platform. This marks an official product change confirmed by the company.

Terms & Concepts
  • Perpetual contract: A derivative with no expiry that tracks an underlying asset, widely used in crypto markets.
  • Leverage: Borrowed exposure that amplifies gains and losses; 5x means position size is five times the collateral.
  • Long/Short: Directional positions where long benefits from price increases and short benefits from price declines.