Hyperliquid Unveils Portfolio Margin and Auto-Yield Features Amid Market Challenges
Hyperliquid, a decentralized derivatives exchange and Layer-1 blockchain, has launched portfolio margin functionality in a pre-alpha testnet phase. The upgrade unifies spot and perpetual positions, enhancing capital efficiency by allowing spot holdings to offset perp exposure. Idle borrowable assets will now auto-generate yield through HyperEVM integration.
The rollout coincides with weak performance of Hyperliquid's native token (HYPE) and a $30M stock buyback by affiliated entity Hyperliquid Strategies (NASDAQ: PURR). Market observers view these moves as defensive measures against sliding valuations and intensifying competition from NFT and DeFi platforms.