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3h ago

Hyperliquid Activates HIP-3 to Enable Permissionless Perp DEX Launches

Market listings require a 500,000 HYPE stake with fee-sharing incentives under slashing safeguards.

Hyperliquid’s hip 3 upgrade to unlock permissionless perp market creation

Overview

  • HIP-3 went live on Oct. 13, formalizing permissionless creation of perpetual markets built on HyperCore with HyperEVM integration.
  • Deployers must stake 500,000 HYPE to launch a perp DEX and can earn up to 50% of trading fees, with staked tokens subject to slashing for violations.
  • Protocol safeguards include validator slashing and open-interest caps, and the Discord notice said regular users do not need to take action.
  • HYPE rallied roughly 12–13% to around $42 on elevated volume following the upgrade announcement, according to market data cited by the reports.
  • Founder Jeff Yan highlighted fully on-chain liquidation records while criticizing centralized exchanges’ liquidation reporting after the Oct. 10–11 wipeouts; observers are watching for new deployments, fresh staking, and sustained volumes as adoption signals.