NEAR Launches 24/7 NIFTY 50 Perpetual Contract With Up to 20x Leverage
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According to ChainCatcher citing The Defiant, NEAR has launched a 24/7 perpetual contract tied to the NIFTY 50 index, built on Hyperliquid and offering up to 20x leverage. Profits and losses are settled in USDC based on index points, with no physical delivery of Indian shares. The product uses cross-chain funding and allows users to take long or short positions on the index around the clock without holding or receiving the underlying stocks.