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Monolifix
Use cases / Exchanges and clearinghouses

List perpetuals on your own permissioned market on Hyperliquid.

Keep your rulebook, your clearing and your members. Hyperliquid provides the matching engine and order book, and Monolifix runs the layer around the market.

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The problem

A matching engine is only part of a market.

Traders want around-the-clock perpetuals, and much of that trading happens offshore. Hyperliquid can provide the matching engine and the order book. You'd still need the systems that turn your rulebook into actions on a public network.

Where you are today
Who may tradeNeeds to follow your members' verification
ComplianceFlagged customers need holds that take effect onchain
DefaultsYour clearing rules need a way to act on the market
RecordsYour regulator needs a record of every decision
The solution

Your rulebook, carried out on the market.

Run access, holds, defaults and collateral moves through Monolifix, each with its own limited key behind your approval policy. Every action is recorded for your regulator, and your member FCMs onboard through Monolifix too.

Your rulebook, carried out on the market
Your membersMember FCMsVerify customers and request access for them.
YoursYour exchangeDecides under your rulebook and approval policy.
HyperbeatMonolifixSends each approved action to your market.
InfrastructureHyperliquidRuns your order book, margin and liquidations.
AccessA customer trades only once you approve their account.
HoldsFlagged customers can close positions, but can't add risk.
DefaultsCancel, close and move collateral under your clearing rules.
RecordWho asked, who approved and when it reached the network.

Every action goes through your approval policy before it reaches the network.

Step by step

A customer on your market.

  1. 01Gets accessTheir FCM verifies them and requests access. You approve it per market, so you can open different contracts to different customers.
  2. 02Trades through their FCMThe order passes the FCM's pre-trade checks and matches on your order book on Hyperliquid.
  3. 03Is flagged and heldSurveillance flags a pattern, and you place a reduce-only hold. They can close positions, but can't add risk.
  4. 04Is clearedA second officer approves lifting the hold. The hold, the review and the approval all sit in your audit trail.
  5. 05LeavesThe FCM closes the account, you remove market access, and remaining collateral returns to the account before it closes.
What's included

What you run on Monolifix.

Market accessGrant access once an FCM confirms a customer is verified, and remove it when they're closed or restricted.
HoldsReduce-only holds that follow your compliance reviews. Lifting one is an approved action too.
Default handlingCancel orders, close positions, call on a backstop liquidator and move collateral under your clearing rules.
One key per jobEach control has its own limited key. You keep your main operator key and grant or revoke the others.
A complete recordEvery grant, hold, close and collateral move, with who asked, who approved and when it reached the network.
Member onboardingMember FCMs run their own Monolifix programs, and their access requests reach your queue in one consistent form.
Who does what

You stay in charge.

What you keep
Your rulebook, contract specifications and member agreements
Your price feeds
Surveillance on your market data
Your clearing and default process
Your registrations and regulatory reporting
What Monolifix runs
Access, holds, closes and collateral moves sent to Hyperliquid
A limited key for each control, behind your approval policy
The audit trail and a live event feed
The console your teams use day to day
A dedicated environment, with its own data and keys

You, your clearinghouse and your members hold the registrations. Hyperbeat provides the technology.

Other use cases

See an order go from your FIX session to Hyperliquid and back.

30 minutes with the Hyperbeat team. We map Monolifix to your front end, account model and back office, and walk an order through end to end.

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Hyperbeat is a technology provider. It is not an exchange, a broker or a custodian of record. Whether onchain USDC margin meets your obligations is your determination with your counsel and regulator.

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