How do on-chain perpetual contracts work?
Hyperliquid runs on its own blockchain, where the order book and matching are handled on-chain.
On a perpetual DEX, users can trade perpetual contracts by connecting their wallet, with margin and profit and loss settled according to on-chain rules.
One key thing to remember when managing positions: deposits often require a cross-chain bridge, so test with a small amount before transferring a larger one.
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