Philosophy
Melt enforces a strict governance and operational framework for all supported assets. Unlike permissionless bridges, Melt curates every listing.We do not list everything. We list what matters.Community suggestions are considered, but final authority belongs exclusively to the Core Team under a Safety-First framework.
The Four Phases
Phase 1: Proposal & Evaluation
Selection criteria:- Liquidity Check — excludes low-volume assets that threaten peg stability
- Bridge Security — requires compatibility with Lock & Mint security standards
- Strategic Fit — prioritizes assets that generate volume and revenue
Phase 2: Technical Deployment (HIP-1)
Following approval, technical onboarding begins on HyperCore:- Ticker Auction — Melt participates in Hyperliquid’s HIP-1 auction mechanism for official spot tickers (e.g.,
mGOLD,mTSLA) - Contract Configuration — token parameters (decimals, display name, maximum supply caps) are configured to match underlying asset specifications
Phase 3: Liquidity Bootstrapping (Dark Pool Phase)
Before retail access, professional entities seed the order book:- Designated Market Makers (DMMs) deposit underlying collateral into Melt Bridge via the Direct Mint interface
- DMMs populate the Hyperliquid order book with dense bid/ask limit orders
- The objective: Block 1 of public trading provides spreads and depth comparable to centralized exchanges