Tesla Stock Trading Goes Live on Hyperliquid Through Felix Protocol
Hyperliquid, in partnership with the Felix Protocol, has debuted a TSLA-USDH perpetual contract on its decentralized exchange, enabling crypto-native traders to take long and short positions on Tesla exposure without off-chain custody. The contract introduces unique trading parameters designed for tokenized equities, including adjusted funding, collateral and settlement mechanics that differ from typical crypto perpetuals, and it leverages liquidity in the HYPE ecosystem.
This launch is notable because it brings a major corporate equity into permissionless on-chain markets, widening the scope of DeFi instruments and potentially attracting retail and professional traders seeking stock-like exposure inside crypto rails. Traders should note the dependence on on-chain oracles and protocol-specific settlement rules, and keep an eye on regulatory developments as tokenized equity products scale.