ELYX lists Hyperliquid's most-traded perps on Elysium and marks every position to Hyperliquid's live price and funding. Settlement runs on a percolator risk engine: capital is senior, profit is junior, and no account can withdraw more than the vault actually holds.
| Market | Mark | 24h | Funding 1h | HL 24h vol |
|---|
Each layer does the job it's best at.
Every market's mark price, max leverage and hourly funding come from Hyperliquid's own feed, refreshed every 2.5 seconds. You trade against the deepest perp liquidity in crypto, not a thin local pool.
Kinetiq's Arbitrum Orbit L2 settling to HyperEVM. Connect any EVM wallet and ELYX adds the Elysium network for you. Hyperliquid's ecosystem, with room for apps HyperCore doesn't host.
A port of the percolator risk engine: haircut-backed exits, queue-free auto-deleveraging through lazy side indices, and bounded price cranks so one bad tick can't blow up open interest.
Live numbers from the engine running right now.
The share of open profit the vault can pay right now. If H is below 100%, profits are paid pro-rata and capital stays whole. Nobody gets paid out of someone else's margin.
Residual = V − (C + I) · H = min(Residual, ΣPnL⁺) ÷ ΣPnL⁺
Capital is senior and profit is junior, so no account can ever withdraw more value than exists on the balance sheet.
Liquidation losses and funding move through per-side A/K/F indices in O(1). Nobody gets picked off a queue.
Repricing is capped per tick, so an oracle spike can't push unbudgeted loss through open interest.
ELYX is a perpetual futures exchange for Elysium, the L2 Kinetiq built on top of Hyperliquid. It lists Hyperliquid's most-traded perps and marks every position to Hyperliquid's live price and funding rate, while its own percolator risk engine handles margin, liquidation and payouts.
Elysium is Kinetiq's Arbitrum Orbit L2 that settles to HyperEVM, Hyperliquid's EVM layer. It brings general-purpose apps into the Hyperliquid ecosystem. Its testnet is live with chain id 99801; ELYX switches to the mainnet chain id as soon as it is announced.
From Hyperliquid's public info API (metaAndAssetCtxs), polled every 2.5 seconds. Each market uses Hyperliquid's mark price, its maximum leverage and its hourly funding rate. Funding on ELYX accrues every second at Hyperliquid's rate while both sides hold open interest.
Percolator is a perp risk engine designed around structural solvency. Profits are paid at a haircut ratio H that never lets withdrawals exceed the vault's residual, liquidations shrink a side's A index instead of auto-deleveraging a chosen victim, and price updates are bounded per tick. ELYX shows H, the vault, insurance and residual live.
The 24 most-traded Hyperliquid perps by 24h volume, refreshed continuously: BTC, ETH, SOL, HYPE and the rest of the board. Each market's leverage cap matches Hyperliquid's.
Open the app, press Connect with MetaMask, Rabby or any EVM wallet, and approve the Elysium network. Your account starts with a 10,000 USDC trading balance. Pick a market, choose long or short, set size and leverage, and place the order.