Hyperliquid Testnet Phase 1 Launches with Standard Margin and Mobile-First Options Trading
Hyperliquid Testnet Phase 1 Launches with Standard Margin and Mobile-First Options Trading
馃殌 Hyperliquid testnet begins
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.
Phase 1 includes: - Standard margin only - Options on BTC, ETH plus one HIP-3 underlying - Guardrails and observability Not in Phase 1: - Desktop trading - Portfolio margin - Builder codes
馃攳 HIP-4 Writer Margin Analysis: Math, Caveats & Live Market Snapshots
**Hypercall has published detailed documentation on HIP-4 writer margin requirements**, including mathematical models and real-world examples from Deribit and Polymarket. **Key resources:** - Complete margin calculation methodology with caveats - Live market snapshots showing potential writer scenarios - [Full technical writeup](https://docs.hypercall.xyz/insights/hip4-writer-margin-2026-04-09) **Additional analysis available:** - Oil perpetuals settlement breakdown covering 85 shared wallets - Funding traces for each cut - Cohort holder mapping and Abraxas exit timeline - [Settlement documentation](http://docs.hypercall.xyz/insights/oil-perps-settlement-2026-04-11) The documentation provides writers with concrete examples of how margin requirements will function once HIP-4 goes live, using current market data from major platforms.
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/)
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.