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Roadmap

Hypercall is building a decentralized options exchange on Hyperliquid. This roadmap outlines our development phases from testnet to mainnet.

Current Status​

Nothing is public yet. We're publishing these docs to gather feedback from users and key partners on our margin grid, API design, and feature set. If you have questions or suggestions, reach out on Twitter.

Development Phases​

Phase 1: Mobile Testnet Coming Soon​

The first public testnet focuses on mobile browser trading with a simplified margin model.

Features:

  • Mobile browser interface (connect via MetaMask, WalletConnect, etc.)
  • Standard Margin only (switching to Portfolio Margin is disabled)
  • Options on BTC, ETH, and HIP-3 Perp underlyings
  • Whitelisted liquidator
  • Testnet faucet for paper trading

Access:

  • Public — anyone can trade
  • No whitelist required

Not Included:

  • Desktop/web app
  • Portfolio Margin
  • Builder codes

Phase 2: Full Testnet​

Full testnet expands to desktop, adds Portfolio Margin, and enables integrations.

New Features:

  • Web app (desktop interface)
  • Perp/spot trading (for Options Writers)
  • Portfolio Margin — cross-collateral with Hyperliquid Perp and Spot
  • Permissionless liquidations
  • Builder code integration for partners

Access:

  • Public — Standard Margin available to all
  • Portfolio Margin may require application

Phase 3: Mainnet​

Production launch on Hyperliquid L1 with real assets.

Features:

  • Real USDC deposits and withdrawals
  • Standard Margin open to all traders
  • Portfolio Margin for whitelisted accounts
  • Full liquidation and settlement mechanics
  • Rollout of rebates, referral programs, and liquidity incentives

Requirements Before Launch:

  • Smart contract audits completed
  • Load testing gates passed
  • Insurance fund seeded

Get Involved​

  • Traders: Follow @SynapseProtocol for testnet announcements
  • Market Makers: DM us on Twitter to discuss partnership
  • Developers: Check out our API documentation
  • Feedback: Open an issue or reach out — we want to hear from you