Trading & Risk on Hyperliquid
Everything above is infrastructure; this is what you actually touch. Hyperliquid exposes a professional execution surface — the order types, margin modes and risk controls a derivatives trader expects — with the difference that every one of them is enforced on-chain by the protocol rather than by an exchange's internal database.
The three things worth understanding before sizing a position: how your order reaches the book, what backs it as collateral, and what happens when the market moves against you. The sub-chapters below cover each in turn.