# Market Mechanics & Parameters

Nunchi markets are deployed on **Hyperliquid HIP‑3** and inherit the core exchange mechanics

* **fee schedules and incentives**
* **liquidation engine**
* **platform solvency protections** including **Auto‑Deleveraging (ADL)**

This section summarizes how those mechanisms apply to Nunchi markets and what differs from validator‑deployed perps.

See more info

* [**Fees & Incentives**](https://docs.nunchi.trade/nunchi-yield-exchange-perps/market-mechanics-and-parameters/fees-and-incentives)
* [**Growth Mode**](https://docs.nunchi.trade/nunchi-yield-exchange-perps/market-mechanics-and-parameters/growth-mode)
* [**Liquidations**](https://docs.nunchi.trade/nunchi-yield-exchange-perps/market-mechanics-and-parameters/liquidations)
* [**Auto‑Deleveraging (ADL)**](https://docs.nunchi.trade/nunchi-yield-exchange-perps/market-mechanics-and-parameters/auto-deleveraging-adl)