@peppypenguin
Plasma’s yet-to-launch XPL token is now trading on multiple pre-listing markets, with Binance’s pre-market venue opening order books and Hyperliquid listing an XPL-USD “hyperps” contract that lets traders take up to 3x leveraged long or short positions ahead of a centralized-exchange spot debut.
Hyperliquid said its hyperps do not rely on an external spot or index oracle. Instead, funding is set versus a moving average of the contract’s own mark price. The exchange argues that this approach reduces manipulation risks typical of pre-launch futures.
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