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Dreamcash, the mobile-first trading app for Hyperliquid, today announced the launch of CASH, its HIP-3 perpetual DEX bringing equity markets on-chain. The debut includes three perpetual markets—USA500- USDT (S&P 500 index), TSLA- USDT (Tesla), and NVDA- USDT (Nvidia)—all available with up to 20x leverage.
The launch is developed in partnership with Tether and Selini Capital. CASH markets are collateralized with USDT0, Tether’s unified liquidity network built on LayerZero’s OFT standard, making these the first HIP-3 equity perpetuals accessible to the millions of traders who already hold USDT. Selini Capital, a global trading firm specializing in liquidity provision, provides institutional market-making to ensure deep liquidity and robust pricing from launch.
Launch details:
- USA500- USDT (S&P 500 index) — $20M open interest cap
- TSLA- USDT (Tesla) — $10M open interest cap
- NVDA- USDT (Nvidia) — $10M open interest cap
- Leverage: Up to 20x on all markets
- Collateral: USDT0
The markets target retail traders currently driving significant volume through leveraged equity instruments. Perpetuals offer 24/7 trading, simple leverage mechanics, and no expiry dates, a more accessible alternative to traditional derivatives.
Dreamcash has been downloaded over 100,000 times on iOS and Android. The app combines a fintech-quality mobile experience with Hyperliquid’s high-performance on-chain infrastructure.
Additional markets and liquidity incentive programs will be announced in the coming weeks. Technical documentation is available at docs.dreamcash.xyz.
About Dreamcash
Dreamcash is a mobile trading interface for Hyperliquid, built for traders who want centralized exchange speed with decentralized transparency and self-custody. The app offers perpetual contracts, spot trading, and HIP-3 markets directly from mobile devices. Learn more at dreamcash.xyz.
About Tether
Tether is the company behind USDT, the world’s largest stablecoin by market capitalization. USDT0 is Tether’s unified liquidity network built on LayerZero’s OFT standard, enabling seamless cross-chain transfers across 15+ networks.
About Selini Capital
Selini Capital is a global trading firm specializing in liquidity provision and market infrastructure for digital asset markets.
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