Hyperliquid to Cut Funding Rate Cap From 4% to 0.5% Per Hour

The cap cut signals Hyperliquid is prioritizing user feedback over maximum flexibility in extreme conditions, which matters for traders who rely on funding spikes as a pressure valve during one-sided markets. Since the founder notes the ceiling is rarely hit, the practical effect may be limited, but it shifts how tail-risk scenarios get priced on the venue. Whether this becomes a template for other perp DEXs, or prompts pushback if volatility tests the new limit, is worth watching.