Hyperliquid: Deploying HIP-3, the MVP version has been launched on the Testnet.

Golden Finance reported that Hyperliquid announced on the X platform that the protocol will support the deployment of HIP-3, and the MVP version has been launched on the Testnet. This proposal involves perpetual market-related features including:

1. Deploy a new high-performance on-chain order book on HyperCore;
2. Gas fees are paid through Dutch auctions every 31 hours;
3. The deployer can set a maximum fee sharing of 50%. Hyperliquid also stated that perpetual market deployers must maintain a stake of 1 million HYPE. In the event of malicious market manipulation, validators have the right to conduct weighted voting on the stake within a 7-day redemption queue for the deployer, significantly reducing the deployer’s stake. Additionally, the related deployments will be combined with HyperCore multi-signature to support protocol-based market deployment and operation, with technical details to be released soon in the API documentation and Python SDK.