Monitoring Hyperliquid · pre-launch

Read the market's pulse. Catch the cascade.

Quasar is the early-warning system for Hyperliquid. It watches every open position, leverage level and liquidation price, models how a shock would spread, and publishes one on-chain risk score — before the dominoes fall.

How it works →
Systemic risk signal Preview
32
of 100
Calm
Illustrative pre-launch data refreshed every block
OPEN INTEREST $4.2B tracked POSITIONS 182,400 monitored CASCADE SIMS 1,400/block SCORE LATENCY <1s read to publish MAX LEVERAGE 50x on Hyperliquid BUILT ON HYPERLIQUID OPEN INTEREST $4.2B tracked POSITIONS 182,400 monitored CASCADE SIMS 1,400/block SCORE LATENCY <1s read to publish MAX LEVERAGE 50x on Hyperliquid BUILT ON HYPERLIQUID
Backed & supported by
The problem

When the core shakes,
everything shakes.

Hyperliquid runs on a single, transparent order book — with leverage up to 50x and liquidity that thins fast on the wrong day. A price shock forces liquidations, forced selling moves the price, and that move forces the next round.

Every lending market, vault and stablecoin on HyperEVM liquidates against that same book. So a tremor at the core doesn't stay at the core — it propagates through the whole ecosystem. Today, protocols meet that risk with static, blind parameters. They don't see the cascade coming; they absorb it.

  • A shock hits — say BTC −8% in minutes.
  • Clustered liquidations fire and sell into the book.
  • The price drops further, triggering the next tier.
  • The loop compounds — a cascade.
Feedback loopIllustrative
How it works

Read. Simulate. Publish.

Hyperliquid makes the whole market legible — every position, price and book level, on-chain. Quasar turns that transparency into foresight, every block.

01 — READ

Ingest the whole book

Open positions, aggregate leverage, stacked liquidation prices, funding, open interest and real order-book depth — read directly on-chain, no sampling.

02 — SIMULATE

Model the cascade

An AI model runs shock scenarios against the real position map: what liquidates, how much depth absorbs it, the slippage, and the second-order liquidations that follow.

03 — PUBLISH

Write one score on-chain

Everything collapses into a single 0–100 systemic risk score, published to a HyperEVM contract any protocol can read in one call — and act on before the cascade.

The console

One oracle,
four instruments.

Every protocol on HyperEVM liquidates against the same book. Quasar watches that shared core so each of them doesn't have to.

I / 0–100

Systemic Risk Score

A single number for the whole market, recomputed every block from live leverage, liquidation clustering and book depth. One glance tells you how fragile the system is right now.

II / WHAT-IF

Cascade Simulator

Stress-test on demand: "if BTC drops X%, what liquidates, how much depth absorbs it, and what breaks next?" Second-order effects included — the same question Quasar answers on-chain.

III / HYPEREVM

On-chain Risk Oracle

The score lives in a HyperEVM contract. Lending markets, vaults and stablecoins read it with one call and tighten collateral ratios, rates or hedges before the cascade — automatically.

IV / ALPHA

Whale Position Intelligence

The largest positions move markets when they unwind. Quasar tracks their size, leverage and distance to liquidation, and flags when whale risk starts to concentrate.

Cascade Simulator

What if BTC drops
right now?

Drag the shock. The model estimates which positions get force-closed, how much of the book their selling consumes, and the second wave that follows.

Simplified illustrative model — not live data, not a prediction.
Shock−6.0%
Direct liquidations
$0M
Book depth absorbed
0%
Second-order liq.
$0M
Resulting risk score
18
A −6% shock is absorbed by the book with limited knock-on selling. The system bends, it doesn't break.
For builders

One call.
Risk-aware by default.

Quasar is infrastructure, not a trading bot — a public good for HyperEVM. Wire the score into your protocol's logic and it defends itself.

  • Lending markets tighten collateral ratios as the score climbs.
  • Vaults scale hedges up before volatility, down after it passes.
  • Stablecoins and LPs throttle exposure to the shared book.
  • A gas-cheap view call — no keeper, no off-chain infra.
RiskAwareLending.sol — interface previewSOL
// Interface preview — final address & ABI at launch
interface IQuasarOracle {
    /// Systemic risk score, 0 (calm) to 100 (cascade)
    function riskScore() external view returns (uint8);
}

contract RiskAwareLending {
    IQuasarOracle public immutable quasar;

    function minCollateralRatio() public view returns (uint256) {
        uint8 risk = quasar.riskScore();

        if (risk > 75) return 180; // brace before the cascade
        if (risk > 50) return 150;
        return 130;               // calm waters
    }
}
Roadmap

From dashboard
to decentralized feed.

Phase 1

Public dashboard

The Risk Monitor goes live: systemic score, liquidation map and whale intelligence, free for everyone.

In build
Phase 2

Predictive model

The AI cascade engine trains on historical liquidation events and starts scoring forward-looking scenarios.

Next
Phase 3

On-chain oracle

The score is published to HyperEVM. First lending markets and vaults wire it into their risk parameters.

Planned
Phase 4

Decentralized feed

Independent operators compute and attest the score, removing Quasar itself as a single point of trust.

Planned
FAQ

Fair questions.

Is Quasar a trading bot?

No. Quasar is risk infrastructure — a public good for the Hyperliquid ecosystem. It doesn't trade, front-run or sell alpha; it measures systemic fragility and publishes that measurement for anyone to use.

Why does Hyperliquid need this?

Because everything liquidates against one shared order book, with leverage up to 50x. Forced selling moves the price, which forces more liquidations. Every HyperEVM protocol inherits that risk — Quasar makes it visible and machine-readable before it compounds.

Can I trust a single score?

The score is a summary, not a black box: the dashboard shows the inputs behind it — liquidation clustering, depth, leverage, whale concentration. Phase 4 decentralizes computation across independent operators so no single party, including us, is a point of trust.

Is anything on this site live?

Not yet. Quasar is pre-launch: every number here is illustrative and labeled as such. Nothing on this site is financial advice.

Pre-launch

Be early to the signal.

The dashboard is in build and the first integrations are being scoped. Join the program to follow progress and get launch access first.