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Hyperliquid Enables HIP-3 Cross-Margin Function on Testnet

Hyperliquid introduces HIP-3 cross-margin on testnet, enabling shared margin across DEXs with asset protection, while offering mainnet-level bug bounties.

HYPE

Summary

Hyperliquid enabled the HIP-3 cross-margin function for permissionless perpetual markets on its testnet, allowing shared margin across multiple DEXs under a unified account. The feature protects assets to maintenance levels, enhancing capital efficiency. Though currently on testnet, the update is eligible for mainnet-level bug bounties.

Terms & Concepts
  • Cross Margin: A risk management setting that uses the entire account balance to fund open positions and prevent liquidations.
  • Testnet: A simulation environment used by blockchain developers to test new features without using real cryptocurrency or risking funds.
  • Decentralized Exchange (DEX): A peer-to-peer marketplace where transactions occur directly between crypto traders without a central intermediary.