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Hyperliquid: HIP-3 will be deployed, and the MVP version has been launched on the test network

Hyperliquid: HIP-3 will be deployed, and the MVP version has been launched on the test network

CointimeCointime2025/05/04 03:01
By:Cointime

```Hyperliquid stated in a post on X platform that the protocol will support the deployment of HIP-3. The MVP version has been launched on the testnet. The proposal involves perpetual market-related functions including:

1. Deploying a new high-performance chain order book on HyperCore;

2. Paying Gas fees every 31 hours through a Dutch auction;

3. Deployers can set a maximum fee split of 50%.

Hyperliquid also stated that perpetual market deployers must maintain a stake of 1 million HYPE tokens. In case of malicious market operations, validators have the right to stake-weighted voting in the deployer's 7-day redemption queue, significantly reducing the deployer's stake. In addition, the related deployment will be combined with HyperCore's multi-signature to support the protocolized market deployment and operation. Technical details will soon be released in the API documentation and Python SDK.

```

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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