# HIP-1 — Spot (/providers-execution/hyperliquid/hip-1)



HIP-1 uses exact `BASE/QUOTE` symbols and the `hyperliquid` venue.

## Discover and trade [#discover-and-trade]

```bash
mlab markets --exchange hyperliquid --hip 1 --symbol HYPE/USDC
mlab trade buy HYPE/USDC --venue hyperliquid --margin 100 --dry-run
```

## Python V2 [#python-v2]

```python
ctx.order({
    "exchange": "hyperliquid",
    "symbol": "HYPE/USDC",
    "side": "buy",
    "margin": 100,
})
```

Spot does not use leverage, reduce-only, attached SL/TP, or `mlab close`.

See [HIP-1 market data](/providers-market-data/hyperliquid/hip-1).