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Glossary

HIP-3

Also called builder-deployed perpetuals

The upgrade allowing anyone with enough staked HYPE to deploy their own perpetual market, choosing its oracle, collateral and fee capture. The origin of the equity, commodity and foreign exchange markets.

Checked against the Hyperliquid documentation 8 Sept 2026 · how we check

Related terms

  • HIP-4 The upgrade adding outcome markets: fully collateralised contracts that settle to zero or one at expiry, with no liquidation risk.
  • HYPE The native token of the Hyperliquid chain. It pays gas on HyperEVM, can be staked for rewards and a trading fee discount, and carries governance weight.

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