Welcome to the Hyperliquid Announcements channel!

Please note: There is no other Hyperliquid TG group. Community discussion takes place in the Discord server: https://discord.gg/hyperliquid

Thank you for being a member of the Hyperliquid community! The Hyperliquid app can be found here: https://app.hyperliquid.xyz/

This week's recap:

Improvement to liquidations
+ Liquidations are now sent as market orders to the book, and the user keeps any remaining collateral after closing the position. If the position reaches 2/3 of maintenance margin without successfully closing via market orders, the liquidator strategy within HLP will still take over the position
+ Almost all liquidations will see significant savings for the end user under this new system, especially liquidations on assets where the maintenance margin is large

Trading
+ Listed perps for BANANA and TRB
+ This week's friendtech rebalance was announced previously. Top subjects are announced by EOD UTC Mondays and rebalances occur at ~14:30 UTC Wednesdays. See previous announcement or Docs for details: https://hyperliquid.gitbook.io/hyperliquid-docs/trading/index-perpetual-contracts
+ TP/SL market orders now have a slippage tolerance of 10% instead of 2.5% based on user feedback - users would prefer their TP/SL market orders to fill regardless of slippage, and if slippage is a concern, there are TP/SL limit orders
+ LogX (perps DEX aggregator) integrated Hyperliquid and passed $1M in volume routed
+ Daily retail volume is climbing up 📈

User vault updates
+ When users withdraw from vaults, positions aren't automatically closed unless there's not enough margin to maintain open positions
+ Vault leaders can choose to disable deposits on vaults

API
+ As previously announced, IP based rate limits for websockets will come through this week. Rough plan is 30 connections and 1000 subnoscriptions (across all connections) per IP address. Also at most 10 distinct addresses for which user data is subscribed, per IP address. Let us know if any of these changes significantly affects your workflow
+ There will be a minor change to websockets going live in the next few days. The raw string message upon connection will be removed, and error messages will be wrapped in a JSON "error" variant as well. This should hopefully not affect anyone's code, but once live you should be able to remove logic around deciding whether messages are JSON
+ Historical market data is now publicly available

Open interest rewards
+ The 11th week of open interest rewards ended and have been distributed to 975 addresses; addresses that would've received <0.01 USDC were not included. You'll find the transaction on the Portfolio page under Deposits and Withdrawals labeled as "Open interest reward"
+ Open interest rewards continue for week 12, which ends September 26 at 16:00 UTC. OI rewards are 40% of net trading fees collected

By community request, Hyperliquid has listed USD perps for $FTT with up to 3x leverage.

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

https://app.hyperliquid.xyz/trade/FTT

The top 20 friendtech accounts have not changed significantly over the past week, so the index will stay the same on this Wednesday's rebalance.

There will be a network upgrade around 21:00 UTC today. This is a bigger performance-related upgrade. Expect around 3 minutes of downtime.

Update: the network upgrade was rescheduled to 23:00 UTC.

This week's recap:

Trading and API
+ Listed perps for FTT
+ IP based rate limits for websockets are currently 50 connections and 1,000 subnoscriptions (across all connections) per IP address. If you have more than 50 connections open, you'll need to close an existing open connection

Open interest rewards
+ The 12th week of open interest rewards ended and have been distributed to 896 addresses; addresses that would've received <0.01 USDC were not included. You'll find the transaction on the Portfolio page under Deposits and Withdrawals labeled as "Open interest reward"
+ Open interest rewards continue for week 13, which ends October 3 at 16:00 UTC. OI rewards are 40% of net trading fees collected

Product & design
+ Re-ordered mobile flow to include Positions, Open Orders, Trade History, etc. on the main trade page instead of being 2 clicks away
+ Added TIF options to limit orders: GTC, IOC, ALO (post-only)
+ Clicking on a size in the order book populates the size field
+ Show expected profit and loss in TP/SL as Position modal
+ Added fee for transferring to a new account that has not deposited onto Hyperliquid

Introducing: Scale Orders
You can now place multiple limit orders in a specified price range in just one click.

Why use scale orders?
Scale orders are a popular advanced order type. Traders can use scale orders to split a larger order into smaller sizes. Scale orders can also be used to better manage your average price when opening or closing a position.

How to place a scale order
1. Set the total size of all orders
2. Set the start and end prices
3. Choose how many total orders
4. Set a distribution in "Size Skew" (e.g., Skew of 1 means all orders are the same size. Skew of 2 means the last order is 2x the size of the first)

By community request, Hyperliquid has listed USD perps for $LOOM with up to 3x leverage.

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

https://app.hyperliquid.xyz/trade/LOOM

You can now long or short $OGN with up to 3x leverage on Hyperliquid.

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

https://app.hyperliquid.xyz/trade/OGN

For the weekly friend.tech rebalance, the index will be the top 20 subjects with significant twitter following and diverse holder set listed below. The index still tracks the average of the middle 8 subjects. As usual, this change will take place at 14:30 UTC on Wednesday and involve a coefficient change at time of rebalance to ensure a continuous transition.

0xCaptainLevi, Dingalingts, 0xRacerAlt, HsakaTrades, HerroCrypto, HanweChang, Christianeth, 0xLawliette, CL207, Cryptoyieldinfo, CapitalGrug, iloveponzi, cobie, sayinshallah, pokeepandaa, pranksy, VentureCoinist, 0xBreadguy, saliencexbt, blknoiz06

By community request, Hyperliquid has listed USD perps for $RDNT with up to 5x leverage.

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

https://app.hyperliquid.xyz/trade/RDNT

In Q3, Hyperliquid reached days with $20M+ retail volume, 9,000+ total users, and $5B+ total volume.

You can trade more assets on HL (55, and growing!) than any other order book perp DEX, including a friendtech index, LayerZero hyperps, $RLB, and more.

Other highlights include:
+ HLP reached $750K pnl and $7M TVL
+ Better than CEX liquidity for alts
+ Market design improvements, incl. more efficient liquidations
+ OI rewards
+ LogX integration
+ Improved mobile browser experience
+ Advanced trading features, incl. scale orders
+ Meeting users at Token2049!

The community plays a huge role in shaping Hyperliquid’s product direction and growth, so big thanks to all of you!

You can read the full blog post here: https://medium.com/@hyperliquid/hyperliquid-q3-update-1fd4702975a9

This week's recap:

Trading
+ Listed perps for LOOM, OGN, RDNT
+ Made infrastructure improvements to support heavier network load

Open interest rewards
+ The 13th week of open interest rewards ended and have been distributed to 1,533 addresses; addresses that would've received <0.01 USDC were excluded.
+ Open interest rewards continue for week 14, which ends October 10 at 16:00 UTC. From then on, OI rewards will change to be 20% of net trading fees collected instead of 40%.

Product
+ Added scale orders to place multiple limit orders in a specified price range in one click
+ Added filter to Positions / Open Orders / Trade History / etc. tables to sort by longs, shorts, and active (currently displayed) token
+ Enabled switching to limit order type when selecting price in order book
+ Wrote up a recap of Q3: https://medium.com/@hyperliquid/hyperliquid-q3-update-1fd4702975a9 - key metrics include: $20M+ retail volume days, 9K+ total users, and $5B+ total volume

You can now long or short $ARK with up to 5x leverage on Hyperliquid.

https://app.hyperliquid.xyz/trade/ARK

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

You can now long or short $BNT perps with up to 5x leverage on Hyperliquid. BNT is up 42% in the past 24 hours.

https://app.hyperliquid.xyz/trade/BNT

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

By community request, Hyperliquid has listed USD perps for $CANTO with up to 3x leverage.

Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand the risks for. Exercise control. NFA.

https://app.hyperliquid.xyz/trade/CANTO

The top 20 friendtech accounts have not changed significantly over the past week, so the index will stay the same on this Wednesday's rebalance.