Hyperliquid Enables Public Creation of $20M Perpetual Contracts

The decentralized exchange now allows any user to launch perpetual futures contracts with up to $20 million in size, raising questions about potential market risks.

HYPE

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Terms & Concepts
  • Perpetual Futures Contract: A type of derivative that allows traders to speculate on the price of an asset without an expiry date, often using leverage.
  • DeFi: Decentralized Finance, a blockchain-based form of finance that removes traditional intermediaries, enabling peer-to-peer transactions.
  • Hyperliquid: A decentralized exchange platform specializing in perpetual futures trading.