Hyperliquid Unveils HIP-3 for Permissionless Perpetual Markets
Hyperliquid is introducing its HIP-3 upgrade, a significant development enabling developers to launch decentralized perpetual markets without requiring permissions. The upgrade mandates builders to stake 500,000 HYPE tokens to create new perp DEXs on HyperCore, a measure designed to safeguard users and maintain market quality.
HIP-3 integrates with HyperEVM, bringing smart contract functionality, on-chain governance, and enhanced safety protocols. This move grants creators greater control and opens new avenues for innovation in the crypto derivatives space, potentially expanding the range of tradable assets and market types.