Rates for Mark-to-Market on Hyperliquid
Enabling highly reliable and efficient permissionless perpetual futures trading.
Background
Kaiko Data On-Ramp provides the institutional-grade oracle infrastructure for Hyperliquid's HIP-3 perpetual markets, a protocol that enables highly reliable and efficient permissionless perpetual futures trading.
HIP-3 enables anyone to deploy custom perpetual futures markets where the deployers stake collateral, control market parameters, and earn trading fees. Deployers must appoint external oracles for dual spot and mark pricing.
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The Application
Kaiko Data On-Ramp delivers enterprise-grade reliability for HIP-3 market deployers. Its first user, Kinetiq, benefits from:
- Accelerated deployment – Access proven Oracle infrastructure without building pricing systems from scratch, enabling faster time-to-market for new perpetual futures products.
- Manipulation-resistance – Receive manipulation-resistant feeds made to the standard of traditional financial institutions
- Fair execution – Ensure trader confidence with fair liquidations triggered on accurate marks, eliminating disputes caused by price feed manipulation or inaccuracy.
- 24/7 continuous operations – Reliable pricing across all market conditions, including weekends, holidays, and after-hours sessions when traditional markets
- Corporate action support – Automatic adjustments for stock splits, dividends, and other corporate events ensure accurate pricing without manual intervention.
Interested in this application?
With our blockchain-agnostic approach, we can onramp institutional data to any blockchain network, not just Hyperliquid. Ready to learn more? Contact our expert team today.
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