papertrade pre-deposits are live! in order to avoid the launch trading congestion, deposit during the next two days to secure your spot at the starting line. once trading begins, account creation/deposits will be heavily deprioritized. no need to rush - there is no advantage to depositing earlier during this period. when on 10.10 will papertrade go live? live trading will begin approximately one hour after the expected hyperevm network upgrade on 10.10. the exact upgrade time is not known beforehand. the official hyperliquid discord will post an update when the upgrade is about to begin, so keep an eye there for an early heads up. there is a small historical possibility that the upgrade will happen on the AM of the 11th.

papertrade launch details papertrade is a fair launched smart contract exchange built on the hyperevm blockchain. as a fully onchain protocol, papertrade has significant advantages - decentralization, reliability, composability, transparency. it also has the usual onchain constraint - throughput. trades on papertrade are atomic opens/closes with no orderbook, so during normal trading sessions congestion will not be an issue. however, during launch we expect extreme chain congestion. 10.08.2026 - phase zero: predeposit only two days before live trading begins, will open for user deposits. trading will be paused during this period. this allows separation of the deposit and account creation transactions from live trading. if a user does not complete these steps, they are likely to face long delays during launch, as active trading will be heavily prioritized over deposit processing. there is no further advantage to depositing earlier during this phase. 10.10.2026 - phase one: frontend only live trading in order to prevent an onchain race and remove the incentive skew that mev creates, all transactions during the launch must go through the frontend, using the whitelisted relayers. the contract itself will not be open for direct interaction during this phase. this ensures that real frontend users are the first participants, flattening the technical skill curve as far as is appropriate. during this phase, all trader activity on papertrade lives in an intent system, and carries a priority weighting. in almost all cases this ordering is done by transaction type and notional value, and is always indiscriminate of user/account. for instance, liquidations are more important than position opens and this is reflected in both activity types' respective weightings. that said the exact mechanics and weightings of the relayer intent system are adaptive, and will change over time as trader activity is processed. trades can be cancelled while still pending within the relayer intent system. the paper token will begin minting on user losses at the start of live trading, from an initial supply of 0. it will not be transferable at the start beyond staking and unstaking, in order to encourage trading adoption and mitigate onchain congestion. after launch - phase 2: open contract once the launch congestion has passed and there is no longer any risk of mev wars, the papertrade smart contract will open up to everyone, allowing any human, contract or agent to write and receive an onchain atomic position. at this point papertrade becomes a fully decentralized, composable onchain liquidity primitive. after launch - phase 3: builder codes builder codes allow any frontend or router to receive the 1% frontend fee by sending trades to the papertrade smart contract, further decentralizing the protocol and incentivizing integration. after launch - phase 4: token transferrability at launch, paper will not be transferable. this is to encourage accumulation through trading participation and reduce onchain congestion load. transfers will be enabled after a sufficient period of time has passed. even with this staged rollout, the launch congestion will be significant. expect lengthy confirmation delays during launch especially for smaller notional trades. predeposit if you want to trade at launch for the best chance at a smooth experience. learn more about how papertrade works at:

a reminder as we get closer to launch everything will be preannounced well in advance there is no stealth launch, surprises, whitelist, airdrop, etc but there are many scam websites trying to steal your coins the only official domain is ""

Looks like binary outcome markets (prediction markets) are coming to Lighter very soon. A commit, named "Binary options support", was recently made in the Lighter prover repo, which describes the ZK circuit powering Lighter. I've read through the code; here are some of the interesting takeaways...

I was looking over some Litscan data for the two Lighter instances and found some arbs lying around, so I thought I would open source a basic arb bot to take advantage of it. Details below

Exciting day for NVIDIA and @huggingface. Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty. They allow every developer, startup, university, industry and country to build with, customize and benefit from AI. Thank you @ClementDelangue for coming to me. NVIDIA is going to be a great home for Hugging Face, its community and the future of open models. 🤗

hello there the jacobian conjecture is false thanx to my close friend akhil for asking about it and my other close friend fable for working during the world cup final ((1+xy)^3 z + y^2 (1+xy) (4+3xy), y + 3 x (1+xy)^2 z + 3 x y^2 (4+3xy), 2 x - 3 x^2 y - x^3 z): \C^3\to \C^3, has jacobian determinant -2, and sends (0, 0, -1/4), (1, -3/2, 13/2), and (-1, 3/2, 13/2) to (-1/4, 0, 0)