OpenETF launches testnet for tokenized funds on Hyperliquid
- —Funds are vaults spanning HyperCore and HyperEVM, with shares issued as ERC-20 tokens
- —Minimum subscription is 100 USDC at NAV; fund creation is free
- —Performance fee ranges 0–50% (default 20%), management fee 0–2% (default 0%)
- —Testnet charges an exit adjustment from 0.1%, plus 0.05% per unit of notional leverage
Why it matters: The testnet shows how Hyperliquid perpetuals could be packaged into a fund structure, though real capital is not yet permitted.
Source: ChainCatcher 链捕手