XYZ U.S. 100 Index (XYZ100) perpetual market

The XYZ U.S. 100 Index is a stock-market index created by trade[XYZ] to underlie its first perpetual futures contract on Hyperliquid's HIP-3 builder framework. It tracks a modified market-capitalisation-weighted basket of 100 of the largest, most actively traded non-financial companies listed on United States stock exchanges, giving broad exposure to large-cap American technology and growth equities in a single instrument. Its construction closely mirrors established large-cap technology benchmarks, and pricing for the perpetual is derived from executable quotes on the corresponding traditional equity index futures supplied by institutional liquidity providers. The associated contract is cash-settled in USDC, has no expiry and trades continuously with hourly funding, allowing exposure to US equity performance outside regular market hours. The index value reflects the combined performance of its constituent companies rather than any single stock.