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Hyperliquid to Launch HIP-3 Enabling Permissionless Perpetual Futures Markets

Hyperliquid to Launch HIP-3 Enabling Permissionless Perpetual Futures Markets

Hyperliquid’s HIP-3 upgrade, effective October 13, will allow developers to launch perpetual futures markets by staking 500,000 HYPE, advancing decentralization with integrated smart contract and governance features.

HYPE

Fact Check
All provided evidence, including official Hyperliquid documentation (Source 5), consistently and explicitly confirms that the HIP-3 upgrade enables the permissionless deployment of perpetual futures markets. The claim is directly supported and corroborated across every source without contradiction.
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Summary

Hyperliquid’s HIP-3 upgrade, launching on October 13, enables developers to list perpetual futures markets on HyperCore by staking 500,000 HYPE tokens. This decentralizes perpetual contract listings, integrates HyperEVM for smart contract deployment, and introduces security features like validator slashing and position limits.

Terms & Concepts
  • Perpetual Futures: A type of derivative contract without an expiration date, allowing continuous trading and pricing based on an underlying asset.
  • HyperEVM: Hyperliquid’s Ethereum Virtual Machine-compatible framework providing smart contract execution and governance features.
  • Validator Slashing: A penalty mechanism reducing a validator’s staked tokens for malicious actions or poor performance.