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

Hyperliquid has introduced an update enabling third parties to independently launch perpetual swap contracts on its platform. The Hyperliquid Improvement Proposal 3 (HIP-3) now allows anyone staking 500,000 HYPE to deploy their own perpetual swap contracts with independent parameters. Deployers can set a fee share up to 50% and are responsible for market definitions and operations. Perpetual swaps allow traders to hold leveraged positions indefinitely, responding closely to spot market prices through a funding rate mechanism. The implementation of HIP-3, previously on testnet, empowers builders by removing listing fees of centralized exchanges, reducing costs through shared infrastructure, and enhancing execution quality while lowering transaction costs. Analysts view these changes as turning Hyperliquid into a form of permissionless financial infrastructure, potentially leading to the creation of new asset classes. Companies like Ventuals plan to utilize HIP-3 for exposure to private company valuations through perpetual futures tied to their market activities.

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