Protocol
Order flow
From order to fill, step by step.
- You submit an order to HyperVeil.
- Opposing flow nets internally, reducing what must reach Hyperliquid.
- The residual is sent to Hyperliquid and fills at Hyperliquid prices.
- Fills update your commitments and the pool's Hyperliquid position.
- HyperVeil's own public views use batched timestamps and aggregate figures. Hyperliquid's native tape for the pool account remains exact on Hyperliquid.
text
order ─▶ net against opposing flow ─▶ residual ─▶ Hyperliquid fill
│
your commitments updated ◀────────────────────┘