NEAR launches cross margin across 50 Hyperliquid perp markets with up to 40x leverage
- —Cross margin replaces isolated mode, with all positions drawing on one shared balance
- —Over 50 perpetual markets offered at leverage up to 40x, settled via Hyperliquid
- —At 40x, a 2.5% adverse move wipes out the deployed collateral
- —NEAR trades near $4.44, down 9.9% on the day and 12.8% on the week
Why it matters: Cross margin improves capital efficiency but exposes the entire account, not just one position, to a liquidation cascade.
Source: CryptoTicker