Most tech giants in the 2000s built their infrastructure and product as one entangled unit. Amazon had the foresight to separate out AWS as an API layer, of which Amazon retail was the first of many users. Today, AWS generates more profit than all of Amazon's other business lines combined. Hyperliquid is built with the same philosophy. Housing all of finance requires thoughtfully designed, open financial primitives. Each primitive should obey the Unix principle of "Do one thing and do it well." Talented builders then have the foundation to chain these together to create magical applications. HyperCore borrowing is an example to highlight this philosophy in action. Most other platforms implement portfolio margin by marking an account's collateral to market value with an LTV haircut, creating borrowed assets without an explicit lender. This system is simpler to implement, but misses a golden opportunity for composability. Hyperliquid instead begins with a borrow/lend protocol on HyperCore. Every borrowed asset is sourced from a supplier, so risk is isolated within the borrow/lend primitive instead of platform-wide. HyperCore's portfolio margin system is implemented as an orchestration layer that composes borrow/lend, with other primitives such as perps, spot, and outcome trading. This decomposition has several nice corollaries: 1. Today's announcement of manual borrowing is not a new feature, but simply an extension of the underlying primitive. Borrowers on day one have access to 400M and growing of supplied liquidity. 2. Portfolio margin users earn interest on their idle stablecoin collateral. This is not a new feature, but a natural byproduct of composing trading with lending. 3. System safety is easier to reason about when perp and borrow/lend margining are independent. In the same way that math theorems almost prove themselves when the right abstractions are defined, composable designs just feel right.

Hypurrcollective Weekly Updates Volume 114🧵👇🏻 Hyperliquid Updates: - Manual borrows are now live on Hyperliquid HypurrCollective announced: - First look at the our Hypurr NFT cards! - Hyperliquid built the rails. Now who's building the economy on top? Join @ASvanevik @tahathinks @IamGyomei @davidyjeong on stage this October! Product Launches/ Announcements 🔥: - @pear_protocol introduces the AP Vault - KraneShares China Technology & Semiconductor STAR 50 Index ETF (KSTR) by @tradexyz is now live - The 2X Long SNDK Daily ETF (SNXX) by @tradexyz is now live - @tradexyz lists TLT, the iShares 20+ Year Treasury Bond ETF - @tradexyz lists Chevron (CVX) - @hypedexer V2 is live - @Payward is building permissioned HIP-3 markets for US clients - @HyperliquidFR is hosting a Back To School Hyperliquid France event - @NEARProtocol introduces confidential perps Research/Great Reads 📚: - HyperMeat interviews @Rekt_Zerker of @rekt_gang / @BuoyFinance Tokens 🪙: ZEC1 Tickers Bought: HO @tradexyz TLT @tradexyz CVX @tradexyz BVIV @markets_xyz That's the wrap up for the week! If you're building on top of @HyperliquidX or an avid fan and user of Hyperliquid, our DMs are open for you to join us on this journey. Follow us @hypurr_co for more ecosystem updates and information (Telegram: Supporting builders, one step at a time 🤝 *Content published is not endorsement of projects nor financial advice, please DYOD

Trailing stops are now available for perp markets. A trailing stop's trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order. For long positions, the trigger price follows the highest mark price reached since activation; for short positions, it follows the lowest. An optional activation price determines when tracking begins. Without one, tracking begins immediately at the current mark price.

Hyperliquid built the rails. Now who's building the economy on top? If you build it, will they come? We're putting the teams deploying markets, launching apps and routing flow on HyperEVM and HyperCore on one stage. Moderator: Alex (@ASvanevik ) - CEO, @nansen_ai Panelists: Taha (@tahathinks ) - Founder, @tradeparagon Gyomei (@IamGyomei) - Co-founder, @Outcomexyz David (@davidyjeong) - CEO, @tread_fi RSVP here:

Hypurrcollective Weekly Updates Volume 113🧵👇🏻 Hyperliquid Updates: Listings: $USELESS HypurrCollective announced: - Perps found a home offshore. But can they come back? We're putting the people who write and read the rules onstage Product Launches/ Announcements 🔥: - @krakenfx launches kHYPE - @tradexyz introduces events - @tradeparagon lists $CIFR - @entropyIO lists $IONQ - @BitGo allows users to use Hyperliquid from their self custody wallet - @1inch is live on HyperEVM Research/Great Reads 📚: Tokens 🪙: Tickers Bought: RPC HIP-3 Tickers Bought: DRAM @entropyIO SNXX @tradexyz TREAD @tradeparagon TCNT @entropyIO That's the wrap up for the week! If you're building on top of @HyperliquidX or an avid fan and user of Hyperliquid, our DMs are open for you to join us on this journey. Follow us @hypurr_co for more ecosystem updates and information  (Telegram: Supporting builders, one step at a time 🤝 *Content published is not endorsement of projects nor financial advice, please DYOD

Perps found a home offshore. But can they come back? Is there a way? Or is there No Way Home? We're putting the people who write the rules, read the rules and trade around them on one stage. Moderator: WassieLawyer (@WassieLawyer) Panelists: Jake Chervinsky (@jchervinsky) - CEO, @HyperliquidPC Angela Ang - MD APAC & President, @BitGo Yoann Turpin (@YoannTurpin1) - Co-founder, @wintermute_t RSVP here:

Hypurrcollective Weekly Updates Volume 112 🧵👇🏻 Hyperliquid Updates: Listings: $PONS HypurrCollective announced: - Hypurrco Gathers is this week! RVSP here Product Launches/ Announcements 🔥: - Bitcoin Suisse launches HYPE staking - @HyperliquidR releases the @tradexyz Q2 report. - HyperEVM is now live on @bananagun - Outcome markets are now live on @KairosTradeX, with Hyperliquid markers eligible for rewards Research/Great Reads 📚: - HyperMeat interviews @ensembleio, and @SolveMaxwell of @ripdotxyz - @jchervinsky explains why Hyperliquid is set to enter the US market Tokens 🪙: Tickers Bought: SYN SODA EQSPCX HIP-3 Tickers Bought: CIFR @tradeparagon SBE @entropyIO BMNR @tradexyz YMTC @tradexyz TTWO @tradeparagon GPRO @entropyIO ANTH @tradeparagon That's the wrap up for the week! If you're building on top of @HyperliquidX or an avid fan and user of Hyperliquid, our DMs are open for you to join us on this journey. Follow us @hypurr_co for more ecosystem updates and information (Telegram: Supporting builders, one step at a time 🤝 *Content published is not endorsement of projects nor financial advice, please DYOD

We’re incredibly excited to announce that Hyperliquid Outcome markets are now live on Kairos Traders can now access Hyperliquid markets through the ultimate trading interface for prediction markets To celebrate the launch, Hyperliquid markets will also be eligible for our new $20,000 cross-exchange trading competition that launched today. Hyperliquid. Kairos.

Hypurrcollective Weekly Updates Volume 111🧵👇🏻 HypurrCollective announced: - Where will the next billion dollars of HYPE demand come from? @RyanWatkins_, @dschamis, @Duncanmoir and Jason discuss this on the upcoming Hypurrco Gathers! - The Public Hyperliquid Ecosystem Database has just been updated! Product Launches/ Announcements 🔥: - Liquidity scores are now live on @quotemarkets - HPC and @tradexyz filed a joint comment letter asking the @CFTC to open a regulated path for energy perpetual contracts and 24/7 trading - @pumpfun now supports HyperEVM - @ValantisLabs introduces Hyperliquid fee discounts - @liminalmoney hits their highest 30 day APYs through funding capture products. - @Outcomexyz launches on Hyperliquid, with 1,000,000 USD in rewards - @hyenatrade is sunsetting, with markets delisted sequentially from 31 August to 2 September Research/Great Reads 📚: - Kevin from @KevinWSHPod interviews @OxOmnia about building Kinetiq and solving the EVM problem Tokens 🪙: Tickers Bought: SL EQMU EQAMZN ONE HIP-3 Tickers Bought: SOFI @tradeparagon IGV @tradeparagon EWY @entropyIO SHEIN @tradexyz NBIS @entropyIO 2Y @tradeparagon That's the wrap up for the week! If you're building on top of @HyperliquidX or an avid fan and user of Hyperliquid, our DMs are open for you to join us on this journey. Follow us @hypurr_co for more ecosystem updates and information (Telegram: Supporting builders, one step at a time 🤝 *Content published is not endorsement of projects nor financial advice, please DYOD

Where will the next billion dollars of HYPE demand come from? ETFs. Treasury vehicles. Institutional balance sheets. We're putting the ones with key insights in these on one stage. Moderator: Ryan Watkins (@RyanWatkins_ ) - Co-founder, @SyncracyCapital Panelists: David Schamis (@dschamis) - CEO, @HypeStrat Duncan Moir (@Duncanmoir) - President, @21shares Jason Urban - Head of Digital Assets, @galaxyhq RSVP here:

Public Hyperliquid Ecosystem Database has just been updated Listing is not an endorsement. Always do your own research. Check out the full directory here: Building on Hyperliquid? Fill the form on the top of the page to be listed on the ecosystem directory. New Entries @korban_hq - @BL_labs_xyz - @pitchmkt - @hypurrworld - @near_intents - @Uniblock - @MossAI_Official - @taker_trade - @AtticusTradeBTC - @FiatBearDotCom - @FatCatArena -

Hypurrcollective Weekly Updates Volume 110🧵👇🏻 HypurrCollective announced: - We're honored to be featured on the Hyperliquid website! - HypurrCo gathers is happening this October! - We're finally back with a research piece with @Uncoilhype about HIP-4! Product Launches/ Announcements 🔥: - @Quicknode introduces Hyperliquid peering, allowing your node to peer with Quicknode - @talistrade provides advanced algorithms to help traders lower execution cost - @HyperliquidPC and @tradexyz introduce pre-IPO perpetuals to the SEC - @tradexyz lists IREN, AAOI, and Roundhill’s Magnificent 7 ETF (MAGS). - @baseapp perps are live, powered by Hyperliquid Research/Great Reads 📚: - HyperMeat interviews @tahathinks of @tradeparagon - @tradeparagon explains why they are registering the long bond. Tokens 🪙: Tickers Bought: EQMSFT RAIN EQGOOG EQAAPL HIP-3 Tickers Bought: IONQ @entropyIO XBI @tradexyz 30Y @tradeparagon MRNA @tradexyz SNDK @entropyIO ANTH @entropyIO INNOLIGHT @tradeparagon That's the wrap up for the week! If you're building on top of @HyperliquidX or an avid fan and user of Hyperliquid, our DMs are open for you to join us on this journey. Follow us @hypurr_co for more ecosystem updates and information (Telegram: Supporting builders, one step at a time 🤝 *Content published is not endorsement of projects nor financial advice, please DYOD

Hyped to see @hypurr_co on @HyperliquidX website! Really honored and grateful for it. Hyperliquid. > checkout and participate in your local community worldwide here

HypurrCo gathers. 8 Oct 2026, Singapore. Only made possible with our incredible sponsors/partners @HyperliquidPC, @HypeStrat, @InsilicoTrading, @nansen_ai, @chainlink, @eliospay, @hyperbeat, @wintermute_t, @hyperlendx, @talistrade, @hyperlink_xyz @tread_fi, Velar Tech, @ValantisLabs, @HypernovaX, @liquidtrading, @21shares Venue will be announced closer to the event. RSVP here: