ChainCatcher News, according to official sources, Hyperliquid has announced that the cross-margin feature for HIP-3 permissionless perpetual contracts has been enabled on the testnet, but has not yet been launched on the mainnet. However, this feature meets the criteria for the mainnet-level bug bounty program.
Deployers of HIP-3 must first enable cross-margin for a specific asset before users can trade that asset with cross-margin. Under a unified account, all cross-margin perpetual contracts using the same collateral asset can share margin, even across multiple DEXs. However, assets on different DEXs are protected to their maintenance margin levels to prevent automatic liquidation caused by significant price fluctuations on other DEXs. This new “protected cross-margin” system ensures system solvency while maintaining user experience. Cross-margin is not designed for DEX abstract interfaces, and related interfaces should not allow cross-margin trading through DEX abstraction. Users should use a unified account or pooled margin to achieve the expected behavior of HIP-3 asset cross-margin.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Aave Proposes 25,000 ETH Contribution to DeFi United Relief Fund for Kelp DAO Exploit
Gate News message, April 25 — Aave service providers have proposed a governance vote to contribute 25,000 ETH, valued at approximately $58 million, from the protocol's DAO to DeFi United, a coordinated relief effort aimed at restoring backing for rsETH following last week's Kelp DAO exploit. The pro
GateNews44m ago
Bitcoin Bonuses Expand as Fold Brings Payroll-Linked Rewards to Employers
Fold Holdings expanded bitcoin workplace compensation with a new employer bonus program. The rollout turns payroll-linked incentives into a potential distribution channel for everyday BTC adoption.
Key Takeaways:
Fold launches BTC bonuses, expanding employer adoption pathways.
Businesses gain
Coinpedia1h ago
Aave Proposes 25,000 ETH to DeFi United for Kelp DAO Exploit Relief
Aave service providers put forth a governance proposal on Friday to contribute 25,000 ETH—worth nearly $58 million—from the protocol's DAO to DeFi United, a coordinated relief effort to restore backing for rsETH following the Kelp DAO exploit. The proposed contribution would help close the
CryptoFrontier1h ago
Morgan Stanley Launches Stablecoin Reserve Fund, Positioning as Industry Reserve Manager
Gate News message, April 25 — Morgan Stanley Investment Management (MSIM) has unveiled a stablecoin reserve portfolio fund (MSNXX), a government money market fund designed exclusively for stablecoin issuers to securely hold reserves backing their tokenized fiat versions. The fund invests solely in t
GateNews1h ago
Fluent Ethereum Layer 2 Mainnet Goes Live With BLEND Token and $50M Day-One Liquidity
Gate News message, April 25 — Fluent, an Ethereum Layer 2 network, launched its mainnet and native BLEND token on Friday with $50 million in committed day-one liquidity. The network features blended execution, an architecture that allows applications built for different virtual machines to operate w
GateNews2h ago
Bitcoin Developer Paul Sztorc Announces eCash Hard Fork with 1:1 BTC Exchange, Sparking Community Controversy
Gate News message, April 25 — Bitcoin developer Paul Sztorc announced the launch of eCash, a Bitcoin hard fork network that will allow BTC holders to exchange their holdings at a 1:1 ratio for eCash tokens following the network's activation. The Layer 1 node software will be a near-replica of the Bi
GateNews4h ago
