PANews reported on October 13th that according to The Block, Hyperliquid expects to activate a major protocol upgrade, HIP-3, later today. This upgrade will support the permissionless creation of perpetual futures markets. A Hyperliquid administrator announced in the protocol's Discord channel that the October 13th network upgrade 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 the on-chain requirements can deploy perpetual contracts for trading once they are ready." In a previously disclosed document, the project announced that HIP-3 (Hyperliquid Improvement Proposal 3) will support developer-deployed perpetual contracts, marking a "key milestone in achieving full decentralization of the perpetual contract listing process." According to the document, HIP-3 will allow deployers to permissionlessly launch a perpetual contract DEX on HyperCore by simply staking 500,000 HYPE tokens. HIP-3 integrates with the HyperEVM to enable smart contracts and governance, and includes safeguards such as validator slashing and position limits.PANews reported on October 13th that according to The Block, Hyperliquid expects to activate a major protocol upgrade, HIP-3, later today. This upgrade will support the permissionless creation of perpetual futures markets. A Hyperliquid administrator announced in the protocol's Discord channel that the October 13th network upgrade 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 the on-chain requirements can deploy perpetual contracts for trading once they are ready." In a previously disclosed document, the project announced that HIP-3 (Hyperliquid Improvement Proposal 3) will support developer-deployed perpetual contracts, marking a "key milestone in achieving full decentralization of the perpetual contract listing process." According to the document, HIP-3 will allow deployers to permissionlessly launch a perpetual contract DEX on HyperCore by simply staking 500,000 HYPE tokens. HIP-3 integrates with the HyperEVM to enable smart contracts and governance, and includes safeguards such as validator slashing and position limits.