TSLA-USDH perp is now live to trade on Hyperliquid
The perp market is deployed and managed by the Felix team (via HIP-3). The starting parameters of the market are the following:
>On hours pricing covers 9:30AM ET to 4PM ET to start (not accounting holidays), with plans to support pre-hours, post-hours, and beyond in the next iteration
>Off hours pricing involves a self-referential price that utilizes the local orderbook’s impact price, with price bands applied around the On hours last close
>The max leverage to start is 5x for positions of 0 - 1M and 3x for positions of 1M+
>OI cap set at 0.5M USD to start
USDH is the margin asset for Felix-deployed perp markets. Beyond the Hyperliquid cultural alignment, our goal is to offer tangible economic benefits / cost reductions to both takers and makers. USDH-margined perp markets will have the following upgrades after the aligned stablecoin proposal is deployed to mainnet: 20% lower taker fees, 50% better maker rebates, and 20% more volume contribution toward fee tiers. Furthermore, we are also introducing the Felix VIP program for further trader discounts. Users can reach out to the Felix team for more information on VIP.
Trade here:
app.hyperliquid.xyz/trade/fl…
Docs can be viewed here:
usefelix.gitbook.io/perps