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Hyperliquid Unveils 3x Leverage JellyJelly Contract Trading

Coin WorldThursday, Jan 30, 2025 1:25 am ET

1min read

Hyperliquid, a leading blockchain-based trading platform, has announced the launch of 3x leverage jellyjelly contract trading. This new offering is in response to growing demand from the community and allows users to go long or short on jellyjelly with up to three times the leverage.

The perpetual contract uses an on-chain Automated Market Maker (AMM) as the underlying oracle price. However, traders should be aware of the potential risks associated with this new product, including low liquidity, high volatility, and increased liquidation risk.

Hyperliquid has fully integrated the Farcaster protocol, allowing users with a Farcaster account to log in and comment on the platform. This integration is part of Hyperliquid's ongoing efforts to enhance the user experience and foster a more interactive community.

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