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NEAR launches 24/7 NIFTY 50 perpetual with cross-chain funding on Hyperliquid

The Defiant reports that NEAR has added a 24/7 NIFTY 50 perpetual contract. The post states the Hyperliquid-based contract allows up to 20x leverage and settles index-point gains and losses in USDC without delivering Indian shares.

Why “Unverified”

  • Reported by The Defiant alone, with no second source or primary confirmation yet

1 independent source group across 1 post · evidence score 52/100. How labels work

What the sources claim

  1. NEAR added a 24/7 NIFTY 50 perpetual contract.

    “NEAR Adds 24/7 NIFTY 50 Perpetual With Cross-Chain Funding”
    The Defiant

  2. The contract is Hyperliquid-based and allows up to 20x leverage.

    “The Hyperliquid-based contract allows up to 20x leverage”
    The Defiant

  3. Gains and losses settle in USDC without delivery of Indian shares.

    “settles index-point gains and losses in USDC, without delivering Indian shares”
    The Defiant

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-11-04 15:00 UTC. Labels are computed from the sources, not by the model.