Hyperliquid Co-founder: SK Hynix-related Perpetual Contract Deployed and Operated by Trade.xyz Team, Investigating Incident Cause

Odaily Odaily星球日报讯 Hyperliquid co-founder iliensinc responded to the abnormal SK Hynix price event on Trade.xyz this morning, stating that Hyperliquid is a permissionless blockchain where different teams can deploy and operate markets based on its infrastructure. Among them, the xyz:SKHYNIX perpetual contract was deployed and operated by the XYZ team, which is currently investigating the situation and will release updates after reaching a conclusion.

They also explained that the HIP-3 market deployer is responsible for providing data such as mark prices, oracles, and external perpetual contract prices. Taking the pricing mechanism of a similar BTC perpetual contract as an example, the protocol uses the median of the latest on-chain trade price, the best bid price, and the best ask price as one of the three price components. The other two prices are provided by the deployer, and all three together influence the final mark price.