Hyperliquid Launches HIP-3 for Decentralized Perpetual Futures
- Hyperliquid’s Improvement Proposal 3 (HIP-3) allows third parties to launch their own perpetual swap contracts on the platform.
- To deploy a contract, users must stake a minimum of 500,000 HYPE, valued at approximately $20.5 million.
- Deployers can set fee shares up to 50% and are responsible for market operations, including oracle pricing and leverage limits.
- The upgrade aims to eliminate listing fees seen on centralized exchanges and reduce fixed costs through shared infrastructure.
- Chainsight predicts HIP-3 will enable new asset classes in decentralized finance, making virtually any data feed tradable.
The implementation of HIP-3 marks a significant shift towards decentralized trading by allowing anyone to create markets without traditional gatekeeping mechanisms. This change is expected to foster innovation in the DeFi space by broadening access to various asset classes.
With this update, Hyperliquid enhances its platform’s capabilities, enabling users to deploy perpetual futures contracts while staking significant amounts like $20.5 million. (Source)
