Margin & leverage

HyperVeil runs per-user margin and leverage checks on the unlinkable ledger.

• Initial margin = notional ÷ leverage.
• Maintenance margin tracks Hyperliquid's rule: half the initial margin at the asset's maximum leverage for its tier.
• Leverage limits follow Hyperliquid's live margin tiers for each asset; larger notional falls into lower-leverage tiers.

initial margin      = size × price / leverage
maintenance margin  = size × mark × (1 / (2 × maxLeverage))

At the pool level, equity on Hyperliquid is kept above the sum of internal initial margin.