Ethereum

2024

DeFi

Spot

Teneo

Hyperliquid, a decentralized exchange for trading perpetual futures contracts, has officially released its highly anticipated mainnet. This major launch includes the HIP-1 spot token feature, an innovative tool for on-chain spot trading between pairs of HIP-1 tokens. 
The HIP-1 standard developed by Hyperliquid enables minting of capped supply fungible tokens with parameters such as supply, trading decimals, conversion rates, and token names specified at the time of deployment. This makes it possible for easy creation and trading of new spot market pairs directly on the Hyperliquid L1 blockchain. 
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 Permissionless spot deploys are now live on mainnet. Deployers are strongly recommended to try testnet first to avoid issues on mainnet. No user-deployed spot assets are officially endorsed. Do not trade assets you are unfamiliar with and do not understand the risks for. DYOR. <a href="https://t.co/5TezihtVZz" target="_blank">pic.twitter.com/5TezihtVZz</a>— Hyperliquid (@HyperliquidX) <a href="https://twitter.com/HyperliquidX/status/1793967681986806153?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 24, 2024</a>
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<a href="https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-1-native-token-standard" target="_blank" rel="noopener">HIP-1</a> represents a big milestone toward developing an all-inclusive flexible and robust decentralized trading infrastructure with competent on-chain functionalities. This makes it an all-in-one platform for safe, censorship-resistant tradings alongside the possibility of perpetual futures offered by HyperLiquid. 
It also consists of HIP-2, a liquidity commitment solution to HIP-1 spot order books, which will be made available at mainnet launch. Besides that, HyperLiquid plans to integrate Ethereum Virtual Machine (EVM) into its L1 blockchain, thereby enabling seamless interoperability with DeFi applications based on Ethereum. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/25/teneo-transfers-3acs-strk-tokens-to-binance/">Teneo Transfers 3AC’s STRK Tokens to Binance</a> 
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Hyperliquid Launches Mainnet With New Spot Trading Feature

The Crypto Times

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