Options trading is now live on Hyperliquid testnet!
Hyperliquid is building the house for all of finance.
We’re launching the premier on-chain options exchange on Hyperliquid, using @DeriveXYZ’s proven infrastructure.
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Announcing Hyperdelta: the first decentralized options exchange powered by @HyperliquidX
Find out more about what we are building, and why Hyperliquid creates the path for a truly liquid on-chain options exchange.
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Building on the best 🤝 @derivexyz
Hyperdelta will leverage Derive’s market-leading core protocol to bring on-chain options to the HyperEVM.
Hyperliquid.
Welcoming aboard Chris Newhouse @CryptoDeFiGuy, who will be supporting Hyperdelta’s strategy as an advisor in the final stages of our development and upcoming rollout.
Chris has been one of our earliest supporters and his unique blend of expertise is highly aligned with our
1/ Excited to announce I’ll be working closely with the @HyperdeltaX team as a Strategic advisor! I've provided feedback since their initial public announcement and look forward to supporting the development of an options protocol built on HyperEVM.
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Stay Tuned...
More details about how Hyperdelta will be implemented will be released soon.
Follow us for updates and we'd love to hear from you.
We look forward to building the next evolution in on-chain options.
13/14
We’ve enjoyed reading smart community pieces around what will possible within the space.
Special props to @0xBoobavelli and @0xkrishb for writing about options specifically.
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The Options Opportunity
Options are a derivatives product that, like futures, dwarf underlying spot volumes in traditional markets.
Retail traders are increasingly using options to speculate, demonstrated by recent crazes around GameStop and Wall Street Bets.
Tradfi
6/14
Why Hyperliquid Unlocks On-Chain Options
We believe Hyperliquid presents the first real opportunity to unlock options on-chain for both speculators and those seeking to hedge effectively.
10/14
Announcing Hyperdelta
We are excited to announce Hyperdelta, a next-generation on-chain options exchange that we're building on Hyperliquid, leveraging its deep and rapidly-growing perpetuals liquidity.
12/14
The thriving Hyperliquid community is one of the most enthusiastic and supportive of ecosystem development, and has drawn some of the smartest people in the industry.
The team is world-class and has shown phenomenal commitment to their users and builders.
7/14
Hyperliquid not only provides extensive perp liquidity for option marker-makers to delta hedge, but the L1/EVM interoperability will allow for perp positions to be created and managed at the protocol level.
Previously, neither of these components existed.
4/14
Peer-to-pool exchanges struggle to provide competitively-priced options as they attempt to balance risk against inherently skewed demand.
As a result, there has been a general move towards orderbook designs (e.g. @PremiaFinance, @derivexyz).