Glossary
Trading and wallet terms used in Bloxwap.
Last updated: October 16, 2026
- Trading agent
- A separate Hyperliquid key you approve to let Bloxwap software place, modify, and cancel orders. It cannot withdraw funds or transfer them to another wallet; it may move margin within your own account. Revoke its approval on Hyperliquid when no longer needed.
- Eligible Revenue
- For Season 01, collected builder fees from eligible trades plus applicable Hyperliquid rebates paid to Bloxwap. The same measure governs points, Pool funding, and the close trigger; $1 earns 1 point.
- Perpetual (perp)
- A derivative contract that tracks an asset’s price without a fixed expiry. Funding payments help align the contract price with its underlying market.
- Leverage
- Position size relative to the margin supporting it. At 10× leverage, $100 of margin supports $1,000 of exposure. Leverage magnifies both gains and losses.
- Margin
- Collateral used to open and maintain a leveraged position. Bloxwap trading uses USDC margin. A position can be liquidated if its collateral falls below the maintenance requirement.
- Liquidation
- The forced closing of a position when it no longer meets its margin requirements. Hyperliquid handles liquidation; with cross margin it can consume all funds in the trading account.
- Funding rate
- The rate used to calculate payments between long and short holders of a perpetual. Positive funding generally means longs pay shorts; negative funding means shorts pay longs.
- USDC
- A stablecoin designed to track the US dollar. Bloxwap uses USDC for trading collateral and settlement.
- Non-custodial
- A service model in which users control their wallets and keys. Bloxwap does not hold your funds. Connected or Privy embedded wallets are user-controlled; approved agents can submit trading orders on Hyperliquid but cannot withdraw funds or transfer them to another wallet.
- Builder fee
- A fee added by an interface that routes orders to Hyperliquid. Bloxwap charges 5 bps (0.05%) per fill, or 2.5 bps (0.025%) for Genesis traders, in addition to the exchange fee.
- HIP-3
- Hyperliquid Improvement Proposal 3, which enables independent operators to deploy perpetual markets. Bloxwap lists HIP-3 markets including stocks and commodities.
- HyperCore
- Hyperliquid’s native order-book and settlement layer. Bloxwap trades execute there, and Season 01 prizes are paid there in USDC.
- Papertrade
- A third-party venue on HyperEVM whose BTC and ETH markets trade real USDC against a house liquidity pool, with up to 1000× leverage on isolated margin. It is not paper trading: Bloxwap’s practice mode with virtual funds is Demo mode.
- Basis points (bps)
- A unit equal to 0.01%. A fee of 5 basis points (bps) is 0.05%; 2.5 bps is 0.025%.