Hyperliquid CXMT Contracts Face Oracle and Fee Mechanism Shifts Post-IPO

Hyperliquid CXMT contracts will transition to external oracles and revert expense ratios after Changxin Memory's STAR Market listing, posing liquidation risks amid $63.9M open interest.

Woofun AI reports that Hyperliquid CXMT contracts will transition from internal to external oracle pricing upon Changxin Memory's STAR Market listing on July 27. The expense ratio multiplier will revert from 0.005 to 0.5, while holiday pricing will rely on order book data subject to Discovery Bound limits. Open interest stands at $63.9 million with a contract price of $6.18.