hip-1

ChainCatcher news, Hyperliquid announces the launch of permissionless spot quote assets on the mainnet. Stable asset deployers can enable the "quote asset" status as required on-chain.Any quote asset can be used as a quote asset in the first spot trading pair of HIP-1; new trading pairs between existing base and quote assets can be deployed through permissionless Dutch auctions, independent of the HIP-1 token auction. Native Markets has deployed USDH as the first permissionless quote asset, and the HYPE/USDH trading pair is now live, with plans to deploy more permissionless trading pairs as soon as possible.

ChainCatcher news, the decentralized perpetual contract trading protocol Hyperliquid has launched the HIP-1 permissionless Spot Token deployment feature on the mainnet. HIP-1 is a fungible token standard with a capped supply that supports on-chain spot order book trading between HIP-1 tokens. Deployers need to bid Gas fees through a Dutch auction, which lasts for 31 hours. The project team strongly recommends that deployers first try on the testnet to avoid issues on the mainnet.Please note that Spot Tokens deployed by users are not officially endorsed, and users should be aware of the risks when trading unfamiliar tokens and conduct due diligence.