Defi
Hyperliquid caps $USELESS perpetual contracts at 3x leverage, far below its 50x norm
The Cryptonomist·September 8, 2026·1 min read
Hyperliquid launched $USELESS perpetual contracts with a 3x leverage cap, far below its usual 50x. The token has no roadmap, whitepaper, or stated purpose, yet is now tradable with leverage on the decentralized exchange, adding a self-aware twist to its derivatives lineup.
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