Synapse Protocol has launched its first Hypercall trading competition on April 9th at 4pm EST, following a week 3 product update.
Key Platform Improvements:
- Enhanced options chain functionality
- Improved margining system
- New insights section added
- General platform refinements
The April testnet trading competition is now live, allowing users to test the updated features in a competitive environment. This marks a significant milestone for Hypercall's development as the platform continues to iterate on its options trading infrastructure.
The competition provides an opportunity for traders to familiarize themselves with the platform's new capabilities while competing for potential rewards.
Hypercall Week 3 Product Update x.com/SynapseProtoco… First trading competition launches tomorrow at 4pm EST. We've made improvements to options chain, margining, added an insights section and more 🧵
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.