质押50万HYPE就能开“交易所”?Hyperliquid的HIP-3在玩一种很新的东西​

marsbitPublished on 2025-10-13Last updated on 2025-10-14

以下是 @HyperliquidX 的 HIP-3 用非常简单的语言解释。

HIP-3

HIP-3允许开发者在 HyperCore 上部署永续合约市场。

为了确保市场质量和保护用户,部署者必须质押 50 万HYPE。如果出现恶意市场操作,验证者有权削减部署者的质押。

你应该已经熟悉HyperCore了吧?它包括保证金和匹配引擎的状态。

简单来说,它是 Hyperliquid 的交易所后端。

HIP是改进提案(Improvement Proposals)的简称。简单来说,就是协议如何进行变更的方式。

HIP-3 的主要目的就是允许任何人部署永续合约市场。

HIP-3

目前,向永续合约交易所添加新代币的流程是有权限的。

这意味着核心团队会根据需求、交易量以及其他标准决定添加哪些代币。

HIP-3允许任何人上线自己选择的代币。是的,字面意义上的任何代币。

不过,也有一些限制。每31小时只能上线一个代币。而且,你需要通过荷兰式拍卖(深潮注:Dutch Auction,也称为"降价拍卖",具有价格递减,首个接受价格者成交和时间压力的特点)(使用HYPE)来赢得部署资格。

HIP-3

你需要质押 50万HYPE,并负责设置市场。

这意味着选择一个预言机,定义杠杆限制,处理结算逻辑,并确保一切安全运行。

50 万 HYPE 这是安全保障,也是协议保护自己的方式。

如果你的代币市场发生奇怪的操纵行为,验证者可以投票削减你的 HYPE。

简而言之,这些 HYPE 就是保证你上线的代币是合法的。

作为代币的部署者,你可以拿走市场总费用的 50%。你甚至可以额外设置自定义手续费。

换句话说,你可以从用户交易你所上线的代币中赚取一部分费用。

HIP-3

HIP-3 让任何人都可以在 Hyperliquid 永续合约交易所上线代币。

为了确保市场安全,必须质押 50 万 HYPE,若发生可疑行为,这些质押可能被削减。

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