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Hyperliquid now allows anyone to deploy perpetual futures, for a price

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 64 Views

Hyperliquid rolled out its HIP-3 upgrade, enabling anyone staking 500,000 HYPE tokens to deploy their own perpetual swap markets permissionlessly.

Decentralized exchange Hyperliquid has introduced an update that enables third parties to independently launch their own perpetual swap contracts on the platform.

Hyperliquid Improvement Proposal 3 (HIP-3) comes into force on Monday, according to the official Hyperliquid Discord channel. This change introduces permissionless, builder-deployed perpetual futures contracts, marking a major step toward fully decentralized perpetual futures listings.

HIP-3’s implementation on the decentralized exchange (DEX) allows anyone staking 500,000 HYPE ($20.5 million at the time of writing) to deploy their own perpetual swap contract with independent margining, orderbooks and parameters.

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