Hyperliquid MM Lab

Queue-aware shadow market making · toxicity and telemetry analysis

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Qualified fills
Markets observed
Weighted 5s markout
Ex-CASHCAT 5s

Persistent leaderboard

MarketStatusFills100 ms1 s5 s netPositive 5 sBUY 5 sSELL 5 sConfidence

Status is automatic: hard reject requires at least 100 completed 5-second fills and markout ≤ −3 bps. It is a research flag, not an execution block.