Hyperliquid mainnet launch HIP-1 permissionless Spot Token deployment feature

ChainCatcher news, the decentralized perpetual contract trading protocol Hyperliquid has launched the HIP-1 permissionless Spot Token deployment feature on the mainnet. HIP-1 is a fungible token standard with a capped supply that supports on-chain spot order book trading between HIP-1 tokens. Deployers need to bid Gas fees through a Dutch auction, which lasts for 31 hours. The project team strongly recommends that deployers first try on the testnet to avoid issues on the mainnet.

Please note that Spot Tokens deployed by users are not officially endorsed, and users should be aware of the risks when trading unfamiliar tokens and conduct due diligence.