Paragon Launches Power Perps on Hyperliquid for HYPE Squared Perpetual Trading

Paragon has launched Power Perps on Hyperliquid, starting with HYPE squared perpetual contracts that track the square of the HYPE price. The product has no strike price or expiration and offers option-like convexity, letting traders profit from large price moves in either direction while paying funding costs tied to realized variance.