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Perps collateral gating and price fixes#9530

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perps/collateral-gating-and-price-fixes
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Perps collateral gating and price fixes#9530
gambinish wants to merge 10 commits into
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perps/collateral-gating-and-price-fixes

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@gambinish

@gambinish gambinish commented Jul 15, 2026

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Explanation

Closes out three open perps-controller tickets left over from HyperLiquid's public feed changes and USDH sunset:

TAT-3454 — Price update notifications were fanning out to every subscribed symbol on every tick, even when only one symbol's price changed. Now #notifyAllPriceSubscribers takes an optional changedSymbols set so list-view subscribers (watchlists, market overview) stop re-rendering on unrelated symbol ticks.

TAT-3387 — HyperLiquid slowed down the public assetCtxs feed and introduced fastAssetCtxs to keep a fast (~5s) cadence for mark price. We now subscribe to fastAssetCtxs as the primary price source, while assetCtxs keeps handling funding/OI/volume/oracle data as before.

TAT-3304 — Following the USDH sunset, HIP-3 DEXs are now gated to USDC collateral only. Non-USDC DEXs are filtered out of market discovery and orders against them fail fast with a new UNSUPPORTED_COLLATERAL error, instead of attempting the now-defunct USDC→USDH auto-swap. The dead swap machinery and the public USDH_CONFIG export are removed (breaking).

References

Checklist

  • I've updated the test suite for new or updated code as appropriate
  • I've updated documentation (JSDoc, Markdown, etc.) for new or updated code as appropriate
  • I've communicated my changes to consumers by updating changelogs for packages I've changed
  • I've introduced breaking changes in this PR and have prepared draft pull requests for clients and consumer packages to resolve them

Note

Medium Risk
Touches order placement, market discovery, and all price WebSocket paths, with a breaking public export removal; behavior is well-covered by new tests but affects trading-critical flows.

Overview
After HyperLiquid’s USDH sunset, HIP-3 is USDC-collateral only: non-USDC DEXs are dropped from getMarkets discovery (including allowlisted DEX names), placeOrder fails with UNSUPPORTED_COLLATERAL, and the old USDC→USDH auto-swap path is removed. USDH_CONFIG is no longer exported (breaking). Collateral checks fail open when spot metadata can’t resolve the token.

fastAssetCtxs is now the primary WebSocket source for mark/mid prices (global subscription, snapshot + diffs, reconnect/clearAll lifecycle). assetCtxs still supplies funding/OI/volume/oracle data and does not overwrite prices for coins already covered by fastAssetCtxs (HIP-3 symbols outside that feed still get prices from assetCtxs).

#notifyAllPriceSubscribers accepts an optional changedSymbols set so allMids, fastAssetCtxs, and per-symbol activeAssetCtx ticks only notify subscribers whose symbols actually moved—cutting redundant list/watchlist updates.

Reviewed by Cursor Bugbot for commit ac3d3bc. Bugbot is set up for automated code reviews on this repo. Configure here.

@gambinish
gambinish marked this pull request as ready for review July 15, 2026 21:08
@gambinish
gambinish requested review from a team as code owners July 15, 2026 21:08
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Comment thread packages/perps-controller/src/services/HyperLiquidSubscriptionService.ts Outdated

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Cursor Bugbot has reviewed your changes and found 1 potential issue.

Fix All in Cursor

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Reviewed by Cursor Bugbot for commit 5dbe70c. Configure here.

Comment thread packages/perps-controller/CHANGELOG.md Outdated
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