Though HIP-1 is sufficient as a permissionless token standard, in practice it is often crucial to bootstrap liquidity. One of Hyperliquid's core design principles is that liquidity should be democratized. For perps trading, HLP can quote deep and tight liquidity based on CEX perp and spot prices, but a new model is needed for HIP-1 tokens that are in early phases of price discovery.
Timeline of changes to this governance item
category_key changed
none → protocol_upgrade
Mar 7, 2026, 10:00 AM
Item created
Aug 18, 2025, 3:53 PM