FAQs

What is an RFQ?

A request for quote. You ask market makers for firm, executable prices on the exact size you want to trade. Makers compete during a quote window, the best quote wins, and the trade settles on-chain at one price for the full amount.

What can I trade?

Each RFQ is for one instrument, identified as BASE-QUOTE-TYPE (for example XTSLA-USDC-SPOT). The flow spans tokenized instruments on HyperEVM and spot and perp venues on HyperCore, and the supported set grows over time. See How RFQs Work.

Do my funds need to be on HyperCore or HyperEVM?

Either. Settlement abstracts the chain away and returns funds to the chain you initiated from.

How is the winning quote chosen?

You choose the mode per RFQ. With auto-acceptance, the best conforming quote is accepted automatically when the quote window closes. With manual acceptance, you review the competing quotes and accept one yourself before the deadline. See How RFQs Work.

Can makers see my price limit?

No. An optional price limit bounds which quotes can win, and it is never shown to makers.

When do funds lock?

With auto-acceptance, at RFQ submission. With manual acceptance, when you accept a quote. If the RFQ is cancelled or settlement fails, locked funds are released.

What are the fees?

A flat 5 bps (0.05%) all-in per trade at launch. See Fees.

Is there an API?

Yes. REST for all mutations and WebSocket for live streams, sharing one authentication model. Start with the RFQ API overview or go straight to your first trade.

How do I become a maker?

Makers quote the instruments they are approved for. Reach out on Telegram to get onboarded, then follow the Quickstart for Makers.