Hyperliquid will apply the standard mark price formula combined with the trading price of external perpetual contracts before launch.
This aims to increase system stability without affecting funding rates or actual user profits.
MAIN CONTENT
Hyperliquid uses the standard mark price formula combined with external PERP prices.
The changes do not affect funding rates and actual user profits.
The main goal is to enhance the stability and reliability of the system.
How will Hyperliquid implement the mark price formula?
According to information from the Hyperliquid team in the Discord community, the mark price formula will be a standard form, combined with the prices of existing external cryptocurrency perpetual contracts before the official launch of the platform.
Integrating data from external markets helps smooth the reference price, minimizing unusual fluctuations in the trading system. This approach demonstrates Hyperliquid's operational experience and techniques aimed at increasing stability for users.
The application of a multi-source mark price formula also enhances the platform's credibility by ensuring that the reference price accurately reflects the current state of the cryptocurrency market.
How does this change affect Hyperliquid users?
According to feedback from Hyperliquid staff, most users will not notice significant differences due to this change.
In particular, key indicators such as funding rates – the funding rate between buyers and sellers of contracts – along with realized profits and losses will not be affected.
This helps enhance reliability and transparency for customers during transactions, while also optimizing the experience of using cryptocurrency derivative tools.
"Integrating the standard mark price formula along with external price data not only protects users from extreme price fluctuations but also plays an important role in enhancing platform robustness."
– Hyperliquid Team, Community Announcement on Discord, August 2024
How does Hyperliquid improve system stability?
Combining the standard price mark with prices from external perpetual contracts is an advanced technique aimed at addressing instabilities and aligning with the operational realities of many reputable cryptocurrency trading platforms.
In this way, Hyperliquid not only leverages technological strengths but also ensures that price indicators are always balanced and accurate, minimizing systemic risk.
This robustness is expected to attract more investors and professional traders, contributing to establishing long-term credibility and position for Hyperliquid in the cryptocurrency market.
Frequently Asked Questions
Does the change in the mark price formula affect trading?
Changes aimed at increasing stability without causing fluctuations in funding rates or actual user profits.
What is the price of external perpetual contracts?
This is the market price of derivative contracts that have not officially launched on Hyperliquid but are operating on other exchanges.
How does this help Hyperliquid compete?
Enhancing the accuracy and stability of prices helps the platform attract professional investors and enhance market credibility.
When was this innovation announced?
Information shared by the Hyperliquid team in the community Discord channel on August 27, 2024.
Is this method common on other exchanges?
The standard mark price formula combined with external data is a technique used by many major cryptocurrency platforms to increase transparency.
Source: https://tintucbitcoin.com/hyperliquid-gia-ky-quy-hop-dong-nen-tang/
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