Hyperliquid Pushes CFTC on Perpetual Futures for Commodities

Hyperliquid's policy arm has pushed the Commodity Futures Trading Commission (CFTC) to consider perpetual futures as hedging tools for businesses exposed to commodity prices.

The proposal, submitted on August 7, suggests that perpetual futures could offer companies an additional hedging option alongside traditional futures contracts. Agricultural markets are seen as a key testing ground for this concept, with farmers and merchants using derivatives to manage real operating risks.

Perpetual futures remove the fixed expiry date found in traditional futures contracts, allowing positions to remain open while a funding mechanism helps keep prices aligned with the underlying market. This could be beneficial for companies with continuous exposure to commodities.