Hot Interactions Roundup | StableStock Launches Points Program; Backtrade Opens Early Waitlist (November 6)

Asher

@Asher_0210

2026-11-06 16:37 (UTC+8)

本文约1598字，阅读全文需要约6分钟

Elysium, the first L2 network in the Hyperliquid ecosystem, has launched its testnet.

Original | Odaily@OdailyChina）

Author | Asher（@Asher_ 0210）

StableStock: A Global Stock Trading Platform

Project Overview

StableStock is a global stock trading platform where users can directly use USDT or USDC to trade real stocks and ETFs (not synthetic assets) across US, Hong Kong, and Korean markets. Trading, settlement, and custody are completed through licensed brokers and custody infrastructure. The platform supports both spot and leveraged spot trading, and allows positions to be tokenized into 1:1 backed sTokens for use in on-chain DeFi and yield products.

Recently, StableStock completed a new strategic funding round at a $75 million valuation, with participation from Amber, Nomad Capital, Flow Traders, and Gate. Previously, StableStock was among the first cohort of incubated projects in YZi Labs' EASY Residency program and received seed funding from YZi Labs, MPCi, and Vertex Ventures.

On November 2, StableStock announced the launch of its Genesis points program. Users can earn points by trading or holding eligible stocks and ETFs, with support for spot and leveraged spot trading, and points distributed daily. The program will also retroactively reward eligible historical contributions and provide point bonuses for eligible early users.

Interaction Tutorial

STEP 1. Go to the project's official website (link: https://app.stablestock.finance/trade/market) and click "Sign Up" to complete account registration.

STEP 2. Earn points through trading and holding assets, and earn extra points by participating in campaigns, with points distributed daily. Click "Points" to view your points status.

Backtrade: A Perpetual Futures Exchange Supporting Up to 1000x Leverage

Project Overview

Backtrade is a perpetual futures exchange running on Hyperliquid HyperEVM, supporting up to 1000x leverage on BTC and ETH. It features one-click position opening and closing, with trades executed directly at Hyperliquid's mid price (no slippage, no spread, no funding fees, and free position opening). All trades are made against the protocol's LP.

Backtrade's core mechanism is "loss-to-mint" — when closing a position at a loss or getting liquidated, BACK tokens are minted proportionally (initially 100 tokens per $1 of loss, applicable when LP is below $500,000). BACK has a fair launch and can only be obtained through losses; staking BACK allows users to share in USDC from trading fees and LP excess returns.

On October 30, Backtrade announced on X that the early waitlist is now open.

Interaction Tutorial

Go to the official website (link: https://backtrade.xyz/), click "Join waitlist," and fill in your personal email and wallet address to complete the early waitlist application.

Elysium: The First L2 Network in the Hyperliquid Ecosystem

Project Overview

Elysium is a general-purpose, high-performance L2 network built specifically for Hyperliquid. Its testnet is now live, and the mainnet is scheduled to launch on November 9. The network settles to HyperEVM and is co-located with HyperCore, with HYPE as its native gas token.

Currently, users can view and complete tasks on the Elysium testnet through the community project operated by @ElysiumEco.

Interaction Tutorial

STEP 1. Go to the Elysium Ecosystem project website (link: https://elysiumeco.xyz/quests/), click "My wallet" to create a personal account, and add Elysium Testnet.