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fullstack is a margin trading protocol based on Hyperliquid.
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About fullstack
Fullstack is a margin trading protocol built on Hyperliquid, led by developer fullstack_trade. Its core business is introducing multi-asset margin functionality, allowing users to use the same collateral to support leveraged trading across multiple asset classes simultaneously, without locking funds separately for each market.
The key pain point it addresses is the friction of cross-asset strategies under traditional margin models: capital is fragmented, capital efficiency is low, and operations are complex. By unifying margin accounts, idle collateral can flow between different markets, thereby improving capital utilization and lowering the barrier to portfolio trading.
In the past six months (2026-03-12 to 2026-09-12), there have been no substantive public updates on Fullstack. Public information about the project still remains at the development plan stage announced in September 2025. Future progress should be tracked via official Twitter or Hyperliquid announcements.
Fullstack is a margin trading protocol built on Hyperliquid, founded by renowned trader Flood (@ThinkingUSD). Previously, Flood operated Insilico Trading, but later announced his complete departure from that company to focus full-time on Fullstack, dedicated to building a multi-asset margin trading system for Hyperliquid. The project aims to enable traders to manage cross-asset risks more efficiently and improve capital utilization.
In September 2025, Fullstack completed a $15 million funding round led by Paradigm, at a valuation of $60 million. This funding marked market recognition of derivatives infrastructure built on the Hyperliquid ecosystem and provided financial support for Fullstack's subsequent development. Currently, the official website shows that the product is about to launch, but through its funding and team background, it has already established its long-term development potential.
These two milestones represent the founding team's transition and capital endorsement, which are of landmark significance for Fullstack's long-term growth.
Flood (Founder & CEO, Twitter: https://x.com/ThinkingUSD)
Bitcoin class of 2014; founded Insilico Terminal (2024, self-funded) and exited in 2025 to found Fullstack Trade, a low-latency, customizable trading terminal focused on bringing multi-asset margin trading to Hyperliquid. Based in the United States; previously CEO of Insilico Terminal. No other co-founders or core executives with reliable public information were found.