TL;DR: Hyperliquid has rolled out portfolio margin in pre-alpha on testnet, combining spot and perpetuals to boost capital efficiency and enable strategies like carry trades, where spot assets collateralize perps and idle balances earn yield. Initially, only USDC can be borrowed and HYPE is the sole collateral, with USDH and Bitcoin planned before alpha, conservative limits in place, and broader support coming across HIP-3 DEXs and future HyperCore assets.

Top comment by @Danicjade

More on Hyperliquid

Institutional Footprints: Crypto spot and perp volumes hit multi‑month lows, but rising large‑trade activity and record TradFi futures on Binance, Gate, and Hyperliquid signal deepening institutional adoption.

Institutional Footprints: Crypto spot and perp volumes hit multi‑month lows, but rising large‑trade activity and record TradFi futures on Binance, Gate, and Hyperliquid signal deepening institutional adoption.

Cryptoquant ¡

Meteora's Co-lead argues Solana can challenge Hyperliquid by making every asset liquid onchain, combining deep spot markets, tokenized equities and perpetuals into a unified trading ecosystem

Meteora's Co-lead argues Solana can challenge Hyperliquid by making every asset liquid onchain, combining deep spot markets, tokenized equities and perpetuals into a unified trading ecosystem

𝕏/@0xSoju ·

limUSD sets sail as Hyperliquid’s USD yield token, offering a unified route to capture the platform’s native earnings.

limUSD sets sail as Hyperliquid’s USD yield token, offering a unified route to capture the platform’s native earnings.

𝕏/@liminalmoney ·

OpenSea product marketing lead teases perps on NFT marketplace with Hyperliquid support

OpenSea product marketing lead teases perps on NFT marketplace with Hyperliquid support

𝕏/@zjbrenner ·

Phantom captures 31.8% of top Hyperliquid builder revenue with $20.6M in fees

Phantom captures 31.8% of top Hyperliquid builder revenue with $20.6M in fees

Coingecko ¡

Grayscale sees Hyperliquid becoming a “financial services juggernaut” as DeFi adoption grows and onchain markets compete with traditional finance

Grayscale sees Hyperliquid becoming a “financial services juggernaut” as DeFi adoption grows and onchain markets compete with traditional finance

Coindesk ¡

Explore the full feed

Comments

Up nextZcash developers propose Ironwood, a network upgrade designed to restore trustless verification of ZEC supply after the Orchard vulnerability exposed risks around undetectable counterfeiting