Liminal Money activates portfolio margin, up to 30% APY

This move signals a shift toward leverage-driven yield strategies within the Hyperliquid ecosystem, as portfolio margin allows more efficient capital use to chase funding-rate yields. It targets sophisticated depositors seeking higher returns on volatile assets like HYPE and BTC, but the APYs are directly tied to funding rates, which can flip negative and erode the advertised figures. The key watch is whether the added margin flexibility introduces liquidation cascades during sharp market moves, and if the project can maintain these rates without attracting excessive risk-taking that destabilizes its own pools.