Hyperliquid: Deploying HIP-3, MVP Version Now Live on Testnet

According to a report by Jinse Finance, Hyperliquid announced on the X platform that the protocol will support the deployment of HIP-3, with the MVP version already launched on the testnet. This proposal involves features related to the perpetual market, including:

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

2. Deploying gas fees paid every 31 hours through a Dutch auction;

3. Deployers can set a fee share of up to 50%. Hyperliquid also stated that perpetual market deployers must maintain a stake of 1 million HYPE. If malicious market operations occur, validators have the right to conduct stake-weighted voting in the deployer's 7-day redemption queue, significantly slashing the deployer's stake,

Additionally, the related deployment will be combined with HyperCore's multi-signature to support protocolized market deployment and operation. Technical details will soon be released in the API documentation and Python SDK.