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.

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• Fees & Incentives

• Growth Mode

• Liquidations

• Auto‑Deleveraging (ADL)