Synapse

The April Trading Competition on Hypercall's testnet concludes May 1, with $1,000 in SYN tokens up for grabs. **Competition Highlights:** - TurboLongSyn currently leads with +$904K profit - Achieved on just $54K trading volume - 16.9x efficiency ratio **What's Next:** - Whitelisted mainnet launch scheduled for early May - No real money at risk during testnet phase - Full leaderboard and results available at [testnet.hypercall.xyz](http://testnet.hypercall.xyz) Participants can view detailed rankings and an animated rank race on the [official blog](http://blog.hypercall.xyz/product-update-week-4-of-testnet/).

The mobile trading app received several iOS-focused improvements: - **Native iOS interface** for more familiar navigation - **Splash screens** added on launch - **Screen stays active** during trading sessions - **App shortcuts** accessible via long-press Users need to update their app to access these features. The update focuses on quality-of-life enhancements rather than major feature additions.

**Liquidation mechanisms have undergone a significant upgrade**, introducing a two-tier approach to position closures. **Key improvements:** - **Staged closures** now execute first, allowing for more gradual position unwinding - **On-chain auctions** serve as a secondary mechanism when staged closures are insufficient - **Full liquidation history** now accessible in a dedicated tab for transparency This evolution builds on the Open Liquidity Marketplace framework, which combines offchain auction coordination with onchain settlement secured by cryptographic proofs.

Hypercall has launched RFQ (Request for Quote) trading on its testnet, enabling options trading on assets with limited liquidity. **How it works:** - Trade options on US500, GOLD, USOIL, and HYPE tokens - Market makers provide instant quotes - Accept or decline the quote - If no quote is available, the system defaults to a limit order - Guaranteed fills for all trades The platform includes a 28-strategy builder alongside the RFQ system, addressing a key challenge in options markets: trading derivatives on assets without deep liquidity pools. [Learn more about Hypercall](https://hypercall.io)

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 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 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.

A three-phase testnet rollout has been announced, marking the path toward mainnet launch. **Phase breakdown:** - **Phase 1:** Standard margin trading with mobile-first testnet - **Phase 2:** Portfolio margin capabilities and desktop platform - **Phase 3:** Mainnet readiness based on learnings from earlier phases The phased approach allows for iterative testing and refinement before the full mainnet deployment. Each phase builds upon the previous one, starting with core margin trading features on mobile and expanding to more advanced portfolio margin tools on desktop.

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.

Synapse Protocol announces its integration into Cortex DAO, with the SYN token migrating to CX. Key Updates: - Synapse Protocol now operates under Cortex DAO governance - SYN token holders will transition to the new CX token - Official documentation available at [Synapse Docs](https://docs.synapseprotocol.com/docs/About/DAO) and [Cortex Docs](https://docs.cortexprotocol.com/) Users should: - Follow @Cortex_Protocol for latest updates - Only trust official channels for migration information - Contact official channels with questions **Security Notice**: Be vigilant against potential scammers during the migration process.