Hyperliquid has converted the “WLFI excess return” perpetual contract into a regular perpetual contract, allowing Longing and Short trading on WLFI with up to 5x leverage.
The change expands position options for traders on the Hyperliquid platform, while clarifying the leverage mechanism and product availability for crypto trading.
- The “WLFI excess return” contract has been converted to a regular perpetual.
- Users can open Longing or Short positions on WLFI.
- Maximum leverage supported is 5x; please note the risks involved.
Contract change details
Hyperliquid has switched the contract status from “excess return perpetual” to a regular perpetual contract for the WLFI Token , allowing two-way trading with leverage.
The transition typically means that contract parameters are standardized to match the regular perpetual product, including the ability to open Longing and Short positions as well as a leveraged liquidation mechanism being announced.
Impact on traders
Users can now take advantage of both market directions on WLFI, opening Longing or Short positions with up to 5x leverage.
5x leverage increases profit potential but also multiplies liquidation risk; traders should consider Capital management and limit allocation orders accordingly.
Risks and precautions
Using leverage increases account volatility: small price movements can lead to large profits or losses, including the risk of position liquidation.
Before trading, check the fees, liquidation rules, margin requirements and liquidation of the WLFI pair on the platform to assess order execution and trading costs.
How much leverage can I use to trade WLFI?
The maximum leverage stated is 5x; actual usage depends on the account and Hyperliquid platform margin rules.
How does Hyperliquid allow opening Longing and Short positions?
The platform supports both Longing and Short positions on the WLFI perpetual contract; specific implementation instructions are available in the trading interface and instructions on Hyperliquid.
What are the main risks of perpetual trading to be aware of?
The main risks include price volatility, leveraged liquidation risk, funding fees and liquidation risk when executing large orders.
