At the DAS Asia 2026 event (October 7), Hyperliquid Labs co-founder Jeff Yan said that a year ago he was still unsure whether options traders would shift to perpetual contracts. Now he is confident the answer is no.
According to Yan, perpetual contracts do meet the needs of most users. However, some traders feel that this product alone is not enough to express all of their views about the market. He considers options and perpetual contracts to be complementary products with different purposes.
Yan also cited HIP-4 as a clear path for building options protocols on Hyperliquid. This path can leverage spot markets, order books, and portfolio margin, while using perpetual contracts for delta hedging.