Hypercall Documentation
Welcome to Hypercall - the on-chain options exchange built on Hyperliquid.
Get Started
Trading Manually
Trade options through the Hypercall web interface.
API Trading
Programmatic access for market makers and integrators.
Contracts
Smart contract architecture and direct on-chain integration.
Trading Rewards
HYPE Trading Rewards Pilot - From September 16, 2026 at 18:00 UTC to September 23 at 18:00 UTC, allocate $500 daily to makers and $500 daily to takers based on eligible options premium. Rewards are paid after review.
Core Concepts
- Introduction - Platform overview and architecture
- Margining - How margin, collateral, and liquidation work
- Venue Rules - Instruments, order lifecycle, and trading rules
Learn Options
- Options Explainers (0→1) - Beginner course covering calls, puts, Greeks, and basic strategies
- Reading Volatility (1→2) - Intermediate course on vol surfaces, skew, and advanced Greeks
- Reference - Quick-reference pages for pricing models, Greeks, and trading concepts
Governance
- DAO - Governance overview
- Token - Token utility and distribution
- Brand Assets - Logos and guidelines