Hyperliquid

**MON hyperp converts to regular perpetual contract** Hyperliquid has transitioned the MON token from a hyperp to a standard perpetual contract. Traders can now: - Long or short $MON positions - Use up to **3x leverage** - Access standard perpetual trading features The platform emphasizes this listing does not constitute project endorsement. Standard trading warnings apply - past performance doesn't guarantee future results. **Key reminders:** - Only trade familiar assets - Understand associated risks - Exercise proper risk control Trade MON perpetuals at [Hyperliquid](https://app.hyperliquid.xyz/trade/MON)

**HIP-3 deployers can now activate growth mode** to reduce trading fees by 90%, designed to bootstrap new markets on the platform. **Key benefits:** - Growth mode stacks with existing fee reductions - Works alongside stablecoin collateral benefits - Combines with staking discounts for maximum savings **TradeXYZ became the first adopter**, enabling growth mode for their perpetual assets and dropping baseline taker fees to just **0.009%**. Meanwhile, **COIN-USDH perp launched** on Hyperliquid, deployed by the Felix team through HIP-3: - Starting with 3x max leverage - $2M USD open interest cap - Follows standardized equity pricing The new market also benefits from the reduced HIP-3 growth mode fees, making it more accessible for traders.

**Hyperliquid has added WLFI-USD hyperps** following community requests, allowing traders to long or short the unlaunched $WLFI token with up to 3x leverage. **Key Features of Hyperps:** - No external oracle dependency - funding rates based on moving average of mark price - More stable pricing compared to traditional pre-launch futures - Less susceptible to manipulation **Important Trading Considerations:** - **Funding rates matter** - heavy momentum triggers opposite incentives for 8 hours - Low leverage and isolated margin only - High volatility and liquidation risk - Contract converts to vanilla perp upon CEX spot listing **Risk Warning:** Hyperliquid emphasizes this is a higher-risk contract. Traders should understand the mechanism before participating and be aware of low liquidity conditions. [Trade WLFI-USD](https://app.hyperliquid.xyz/trade/WLFI) | [Read Documentation](https://hyperliquid.gitbook.io/hyperliquid-docs/)