After reading the docs, this seems to be nothing special and doesn't add much to HL.
All trades are "synthetic swaps between user & LP" - No trades are executed on HyperCore.
Then how is it really built on Hyperliquid apart from being on HyperEVM
@izebel_eth?
Sounds too risky to be an LP on this, depositors would be taking huge risks.
Whales / malicious actors could open trades with 1000x lev with 0 slippage then drain LP's.
tl;dr this could have been built anywhere, years ago. You could have simply used a CeX oracle & built it on Ethereum or Solana. None of HL's unique tech is utilised. Extremely risky to LP on.
Deploying on HyperEVM only seems to be a marketing tool.