Hyperliquid has launched permissionless spot quote assets on its mainnet, enabling stable asset deployers to activate quote asset status. USDH, deployed by Native Markets, is the first such asset, with HYPE/USDH trading now available. This development allows for the creation of new trading pairs through permissionless Dutch auctions, independent of HIP-1 token auctions. The initiative empowers users to set tokens as quote assets in spot trading pairs on DeFi protocols, adhering to on-chain rules without centralized approval.
Hyperliquid Introduces Permissionless Spot Quote Assets on Mainnet
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