MemCast
MemCast / episode / insight
#custom‑assets2#hip‑32#perpetual-contracts2
HIP 3 enables external parties to create bespoke perpetual markets
  • Developers can stake HYPE, provide an oracle and launch a new perpetual contract without needing Hyperliquid to list it on the UI.
  • The new market can be any asset with a reliable price feed, from crypto pairs to real‑world indices.
  • This democratizes product creation, turning Hyperliquid into a platform rather than a single exchange.
  • By abstracting the oracle layer, HIP 3 lowers technical barriers for innovators.
Jeff PersUnchained00:31:33

Supporting quotes

Quote
00:31:33
“HIP 3 allows external parties to create their own purpose markets. They have to stake some hype, provide an oracle and this per market is not necessarily going to be listed on the front end.” — Jeff Pers
Quote
00:32:03
“The oracle part is also abstracted away. It's very general purpose.” — Jeff Pers

From this concept

HIP 3: Opening the Perpetual Marketplace

HIP 3 is Hyperliquid's next-gen upgrade that lets anyone launch a custom perpetual market, stake HYPE tokens and plug in an oracle, dramatically expanding the protocol's product universe.

View full episode →

Similar insights

“HIP 3 abstracts away oracle complexity, making it a plug‑and‑play component”

Jeff PersUnchained

“HIP 3 turns Hyperliquid into a multi‑asset ecosystem, inviting builders to create value‑added interfaces”

Jeff PersUnchained

“Staking HYPE directly reduces a trader’s fee rate on Hyperliquid”

JeffBell Curve