Portfolio Margin on Hyperliquid
How Hyperliquid unifies eligible spot balances and perpetual positions into one risk-managed portfolio.
022Lending, Borrowing, and Carry Trades on HyperCore
How Portfolio Margin creates borrowing demand, supply yield, and spot-perp carry strategies.
023Portfolio Margin Risk and Liquidations
How Hyperliquid evaluates a whole Portfolio Margin account and why liquidation order can be non-deterministic.
024HIP-1: Hyperliquid's Native Token Standard
How native spot assets are created and indexed inside HyperCore.
025HIP-2 Hyperliquidity Explained
How Hyperliquid bootstraps native spot liquidity with a protocol-level automated order-book strategy.
026How a Token Launches on HyperCore
From HIP-1 deployment auction to genesis balances, spot pair creation, and Hyperliquidity.
027HIP-3: Builder-Deployed Perpetual Markets
How builders deploy independent perpetual DEXs while inheriting HyperCore's order books and margin engine.
028HIP-3 Oracles and Market Pricing
Why a builder-deployed perpetual is only as credible as its reference price and market operations.
029HIP-4 Outcome Markets Explained
How Hyperliquid's fully collateralized outcome contracts price discrete events without perpetual leverage.
030Outcome Markets vs Perps vs Options
Three ways to express market views with different payoff shapes, margin systems, and settlement rules.
033HLP and HyperCore Vaults Explained
How Hyperliquid vaults pool capital, how HLP differs from user-created vaults, and what depositors are exposed to.
071How Interest Rates Work in Hyperliquid Portfolio Margin
Portfolio Margin turns eligible idle assets into a lending pool and prices borrowing primarily from utilization, so rates rise as available liquidity becomes scarce.
072Supply Caps and Borrow Caps in Hyperliquid Portfolio Margin
Supply and borrow caps limit how much of an asset can enter Portfolio Margin lending and how much can be borrowed, containing concentration and liquidity risk at the asset level.
073HYPE as Collateral in Hyperliquid Portfolio Margin
HYPE can support Portfolio Margin exposure subject to an asset-specific collateral factor, so its collateral value is deliberately lower than its spot market value.
074The Spot Long + Perp Short Carry Trade on Hyperliquid
A spot-long, perp-short carry trade tries to neutralize directional price exposure while earning a spread such as positive funding, but basis, borrowing, execution, and liquidation risks remain.
075Basis Trading on Hyperliquid
Basis trading focuses on the price relationship between spot and derivatives rather than outright direction, but the spread can widen, funding can change, and execution can dominate expected convergence.
076User-Created Vaults vs HLP on Hyperliquid
HLP is a protocol vault with defined system roles, while user-created vaults are strategy vehicles run by individual leaders; they share a vault interface but not the same mandate or risk.
077Vault Leader Risk, Lockups, and Withdrawals on Hyperliquid
A vault depositor delegates economic exposure to a strategy they do not control trade by trade, so leader behavior and withdrawal constraints are core risks rather than operational details.
078HIP-3 Collateral and Capital Fragmentation
HIP-3 lets builders create independent perpetual market groups, but independent collateral choices and margin domains can fragment capital that would otherwise net across one shared risk pool.
079How HyperEVM Lending Composes With HyperCore Portfolio Margin
HyperEVM lending and HyperCore Portfolio Margin are separate credit systems that can be combined through asset transfers and strategy design, but their collateral rules and liquidation engines do not automatically become one.