Hyperliquid is a decentralized perpetual exchange built on its own custom high-performance Layer 1 blockchain. It is designed to offer the speed and liquidity of centralized exchanges (CEX) while maintaining the transparency and self-custody of decentralized finance (DeFi).
Q: Is Hyperliquid a native token?
A: Hyperliquid operates its own L1, designed specifically to facilitate high-frequency trading of perpetuals.
Q: How does HLP work?
A: HLP is the Hyperliquid Liquidity Provider vault, allowing users to earn yield by providing liquidity to the exchange.
Q: Is it safe to trade on Hyperliquid?
A: As a decentralized platform, users maintain control of their funds via self-custodial wallets, reducing counterparty risk.