Paragon launches perpetual futures on US semiconductor index on Hyperliquid
- —MVCSMH extends the calculation hours of the existing MVSMH index
- —Pyth Network provides pricing, including overnight and pre-market hours
- —The contract gives index exposure without holding the underlying stocks
- —Under HIP-3 rules, the market creator sets the oracle, leverage limits and market operations
Why it matters: Round-the-clock trading offers semiconductor exposure outside US hours, but overnight prices do not guarantee the next open and raise liquidation risk.
Source: TokenPost