Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
79 documents
The document outlines the historical datasets available for Hyperliquid and how advanced users can retrieve them from public cloud storage. Market data includes level-two order book snapshots, while asset context files are stored separately. The archive is…
The document explains two Hyperliquid aligned quote asset specifications. AQAv1 links a stablecoin’s onchain supply to protocol revenue sharing and offers trading incentives when the asset is used for eligible spot pairs or HIP-3 perpetual markets. Its…
The document explains two fee mechanisms for trading on Hyperliquid: gossip priority for receiving network data and order priority for sending eligible orders. Gossip priority uses recurring Dutch auctions for IP slots; winning slots can improve peer…
This documentation explains the precision limits for prices and order sizes on Hyperliquid. Prices may use up to five significant figures, subject to a maximum number of decimal places determined by the market type and the asset’s size precision. Integer…
This reference describes signed exchange actions for trading and account management on Hyperliquid. It explains how asset identifiers are derived from perpetual and spot metadata, and how subaccounts or vaults are accessed through a master account with a…
This documentation explains how cross, isolated, strict isolated, and HIP-3 margin modes affect collateral sharing and liquidation exposure. Cross margin pools eligible collateral across positions, with the scope of sharing depending on account abstraction…
The document explains trailing stops that follow mark price after immediate placement or after an activation price is reached. A short-side trailing stop tracks the highest mark price and triggers when price falls by a chosen fixed distance or percentage; it…
The document outlines the basic steps for staking HYPE through HyperCore. Users need HYPE in their HyperCore Spot Balance, moving tokens from HyperEVM first if necessary. They then transfer HYPE to a Staking Balance and choose a validator. The stated lockup…
The document explains how linked spot assets move between Hyperliquid’s HyperCore and HyperEVM. A token must first be linked to an EVM contract; transfers from Core use a sendAsset action directed to the token’s system address, while transfers from the EVM…
This document explains Hyperliquid request limits for REST, WebSocket, explorer, and EVM JSON-RPC interfaces, alongside limits tied to individual trading addresses. It distinguishes per-IP request weights from address-based action limits, describes how batch…
This documentation summarizes eligibility and account limits for Hyperliquid sub-accounts. A master account can create up to ten after reaching the stated trading-volume threshold; further volume milestones allow additional accounts, subject to a maximum of…
This document explains how Hyperliquid referral codes affect trading fees and referral rewards. A trader can create a code after reaching $10,000 in trading volume. The referrer receives 10% of referred users’ fees after accounting for their fee discounts,…
This document explains auto-deleveraging (ADL) as a last-resort mechanism for keeping a trading platform solvent when an account or isolated position falls below zero. It describes how the platform ranks profitable traders on the opposite side of the…
This brief documentation note explains a self-trade prevention rule: when orders from the same address would trade with each other, the resting order is canceled instead of being filled. The cancellation incurs no fee and does not appear in the trade feed.…
The support note explains liquidation in terms of account equity and maintenance margin. When positions move against a trader and account equity falls below the required maintenance level, a liquidation event occurs. This links trading losses to the…
The document explains funding payments for Hyperliquid crypto perpetual contracts, which transfer value between longs and shorts to help keep contract prices aligned with spot. The payment direction depends on the premium of the contract relative to an…
This support note explains how linking works when a user keeps trading and staking on separate accounts. Linking is unnecessary if both activities use the same account. To establish a link, the trading account must initiate an action, after which the staking…
The document explains how Hyperliquid handles transaction nonces for API wallets, also called agent wallets, and why its scheme differs from Ethereum’s sequential nonce model. Hyperliquid retains the 100 highest nonces per signer, accepts only unused values…
The document defines the account value and profit-and-loss measures displayed in Hyperliquid portfolio graphs. Account value combines unrealized profit or loss on cross-margin and isolated-margin positions with vault balances. P&L adjusts account value for…
The document explains how an EVM layer can read current trading and account information from a connected exchange core, including positions, balances, vault equity, staking data, oracle prices, and block height. It describes the consistency guarantee for…
The document outlines delegated proof-of-stake mechanics for HYPE on Hyperliquid. Users can move HYPE from spot to a staking account, delegate it to validators, and earn rewards based on delegated stake after validator commission. Validators need a minimum…
The document explains how HyperEVM and HyperCore relate within the Hyperliquid blockchain. HyperEVM shares HyperBFT consensus with HyperCore, allowing applications on the EVM environment to interact with HyperCore’s spot and perpetual order books. The stated…
This documentation note outlines basic trading parameters for Hyperliquid perpetual markets. It says the venue supports more than one hundred assets, with additions guided by community input and a longer-term aim of permissionless listings. Maximum leverage…
This legacy guide describes how leaders create and operate Hyperliquid vaults. Leaders receive a stated share of vault profits, while creation requires a minimum deposit and a gas fee. The leader must retain a minimum ownership share. The guide says vault…