Hyperliquid<\/a>, a decentralized finance platform<\/strong> (DeFi), recently submitted two letters to the Commodity Futures Trading Commission (CFTC) of the United States<\/strong>. These letters addressed perpetual derivative products and 24\/7 trading<\/a><\/strong>. The aim was to demonstrate how DeFi principles can address regulatory concerns while maintaining market efficiency<\/strong> and user protection.<\/p>\n\n\n\n In its submission on 24\/7 trading, Hyperliquid highlighted its operational capabilities<\/strong>. This includes continuous liquidity through pre-funded guarantees, reducing dependence on traditional banking infrastructure. The platform<\/a> also emphasized its automated liquidation system<\/strong> that continuously re-evaluates margin requirements with each transaction and updates oracle prices, addressing collateral management concerns.<\/p>\n\n\n\n Regarding perpetual derivative products, Hyperliquid stressed the benefits of an on-chain implementation<\/strong>. The platform advocated for a principle-based regulatory approach, focusing on risk profiles and consumer protection rather than fixed classifications that could limit<\/strong> innovation<\/strong>.<\/p>\n\n\n\n