Hyperliquid will launch the HIP-3 upgrade to enable the creation of a permissionless Perptual Futures market.

PANews, October 13 - According to The Block, Hyperliquid is expected to activate a significant protocol upgrade HIP-3 later today, which will support the permissionless creation of perpetual futures markets. An administrator from Hyperliquid announced in the protocol's Discord channel that the network upgrade on October 13 will include the activation of HIP-3. The administrator stated: “HIP-3 will be enabled during this network upgrade. There will be no immediate changes for users. Deployers who meet on-chain requirements can deploy perpetual futures for trading as soon as they are ready.” The project stated in a previously disclosed document that HIP-3 (Hyperliquid Improvement Proposal 3) will support the deployment of Perptual Futures by developers, marking a “key milestone in achieving full decentralization of the Perptual Futures listing process.” According to the document, once HIP-3 is enabled, deployers only need to stake 500,000 HYPE tokens to launch a Perptual Futures DEX on HyperCore without permission. HIP-3 is integrated with HyperEVM to enable smart contract and governance features, and also includes safeguards such as validator penalties and position limits.