Hyperliquid Co-founder Clarifies XYZ Team Operates SK Hynix Perpetual Contract

Hyperliquid co-founder iliensinc states XYZ team deploys and operates the xyz:SKHYNIX contract. The team is investigating pricing anomalies and will provide updates.

Woofun AI reports that Hyperliquid co-founder iliensinc addressed the SK Hynix pricing anomaly on Trade.xyz, clarifying that Hyperliquid is a permissionless blockchain allowing independent teams to deploy markets. The xyz:SKHYNIX perpetual contract was deployed and is operated by the XYZ team, which is currently investigating the incident and will issue updates upon conclusion. iliensinc further explained that HIP-3 market deployers are responsible for providing mark price data, oracles, and external perpetual contract prices. Using a BTC perpetual contract as an example, the protocol utilizes the median of the latest on-chain transaction price, best bid, and best ask as one of three price components, while the deployer provides the other two to determine the final mark price.