Hyperliquid to Launch HIP-3 Network Upgrade, Unlocking Permissionless Perpetual Contract Market Creation for Qualified Developers



DEFI / Trading – The decentralized exchange platform Hyperliquid has announced the launch of its new network upgrade, HIP-3, marking a major milestone in its development. This strategic update is set to revolutionize how markets are created on the platform.

Permissionless Perpetual Contracts for Qualified Builders

The core objective of HIP-3 is to unlock Permissionless Perpetual Contract Market Creation for Qualified Developers.

Previously, the creation of new markets on Hyperliquid was a centralized process. With this upgrade, developers who meet specific qualification criteria will now be able to launch and manage their own Decentralized Trading (DeFi)markets.

Implications for the Ecosystem

This transition toward permissionless operation sends a strong signal to the Crypto Trading community:

  • Accelerated Innovation: It is expected to enable a rapid expansion of the market catalog available on Hyperliquid, including niche or exotic assets.

  • Enhanced Decentralization: The initiative aligns with the broader trend of Decentralization by distributing some market control to external developers.

  • Security and Quality: While moving toward a permissionless model, the qualification mechanism is designed to maintain a high level of Financial Security and quality across the platform.

The HIP-3 upgrade positions Hyperliquid as a more open and resilient Decentralized Finance (DeFi) platform, fostering innovation within the Perpetual Contracts market.

Jacques MVUMBI 

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