Module 1 · Lesson 2 · 9 min

Premium, impact, and the oracle

What you'll be able to do

  • Walk an order book to its impact bid and impact ask for a given notional.
  • Calculate Hyperliquid's premium from the impact prices and the oracle.
  • Explain why the oracle and the mark are separate prices with separate jobs.

This course is for members.

The DeFi University membership on Skool opens all 31 courses here, plus the live calls and community. Private coaching clients have access too.