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Hyperliquid Launches HIP-1 Spot Token Deployment Feature on Mainnet

24/05/2024 19:48

According to Odaily, Hyperliquid, a decentralized derivatives trading platform, has announced the launch of its HIP-1 spot token deployment feature on the mainnet. HIP-1 is a homogenized token standard with a capped supply, which supports on-chain spot order book trading between HIP-1 tokens. Deployers are required to bid for gas fees through a Dutch auction, which lasts for 31 hours. The project team strongly advises deployers to first try on the testnet to avoid any issues on the mainnet. This new feature is a significant step forward for Hyperliquid, enhancing its platform's capabilities and offering users more flexibility in their trading activities.

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