Hypercall has introduced a volatility trading platform for on-chain assets, featuring real options market data including volatility surfaces, gamma exposure charts, and dealer positioning.
Key Features:
- Platform enables volatility trading for any on-chain asset
- Uses actual options market data for analysis
- Weekly publications planned to share insights
The platform aims to become the primary source for pricing volatility across all types of on-chain assets. The team views these market insights as crucial for building distribution and plans to experiment with various approaches to find what resonates with users.
This launch represents a new tool for traders seeking to understand and trade volatility in the crypto markets using professional-grade data typically found in traditional finance.
Each article uses real options market data. Vol surfaces, gamma exposure charts, dealer positioning. Hypercall is a volatility trading platform for any on-chain asset. Weekly publications coming.
HIP-4 Writer Margin Math: Live Deribit and Polymarket Snapshot Analysis
**New Technical Documentation Released** A comprehensive breakdown of HIP-4 writer margin calculations is now available, featuring: - **Live market data** from Deribit and Polymarket exchanges - Detailed mathematical formulas and methodology - Important caveats for option writers to consider - Practical examples showing real-world margin requirements The documentation provides writers with a clear view of what margin requirements will look like once HIP-4 goes live. [Read the full analysis](https://docs.hypercall.xyz/insights/hip4-writer-margin-2026-04-09)
Synapse Seeks User Feedback for Desktop UX Before Phase 2 Expansion
Synapse is conducting desktop UX interviews alongside its public testnet to gather user feedback before moving to Phase 2. **What's happening:** - Short interview phase running in parallel with current testnet - Feedback will inform Phase 2 expansion plans - Phase 2 will introduce desktop trading, portfolio margin, and integrations **How to participate:** Interested users can apply through the [feedback form](https://form.typeform.com/to/rQIfiUlD)
Hypercall Launches Phase 1 Public Testnet This Week

Hypercall is transitioning from internal testing to public access with Phase 1 of its testnet rollout. **Key Details:** - Public testnet launches later this week - Mobile trading functionality will be available first - This marks the first phase of a three-phase rollout plan The testnet deployment follows a structured approach: Phase 1 focuses on standard margin trading with mobile-first access, Phase 2 will introduce portfolio margin and desktop support, and Phase 3 will prepare for mainnet based on user feedback and testing results. Full information: [Hypercall Blog](https://blog.hypercall.xyz/road-to-mainnet-phase-1/)
Hyperliquid Testnet Phase 1 Launches with Standard Margin and Mobile-First Options Trading
Hyperliquid has launched Phase 1 of its testnet rollout, introducing **standard margin trading** for options on BTC, ETH, and one HIP-3 underlying asset. The release is **mobile-first** and includes guardrails and observability features. **What's included in Phase 1:** - Standard margin only - Options trading on BTC and ETH - One additional HIP-3 underlying asset - Guardrails and observability tools **Not available yet:** - Desktop trading interface - Portfolio margin - Builder codes This follows the previously announced three-phase testnet roadmap, with Phase 2 set to introduce portfolio margin and desktop support, before Phase 3 focuses on mainnet readiness.
Hypercall Releases Documentation Portal
Hypercall has launched its official documentation portal, providing developers and users with comprehensive technical resources. **Key Details:** - New docs site available at [docs.hypercall.xyz](https://docs.hypercall.xyz/) - Full release details shared on the [Hypercall blog](https://blog.hypercall.xyz/hypercall-docs-release/) - Documentation aims to support developers building with Hypercall's infrastructure The release marks a step forward in making Hypercall's technology more accessible to the developer community through structured technical guidance.