The Internet reported that Hyperliquid announced on the Discord channel that it will enable HIP-3 in its network upgrade later today. The HIP-3 is designed to enable permission-free deployment of the sustainable futures market. HIP-3 is an important improvement proposal for Hyperliquid. Prior to that, only the core team could launch the perpetual contract market. HIP-3 allows any user who pledges 500,000 HYPEs (US$20 million at the current US$40) to launch a perpetual contract decentralized exchange (perp DEX) on HyperCore without permission. This move breaks the previous limitation that perp DEX could only trade mainstream cryptocurrencies. Users can create and launch derivatives markets including stocks, commodities, foreign exchange, forecast markets and other assets.