The decentralized derivative protocol Hyperliquid has announced the launch of HIP-3, which supports developers to independently deploy perpetual contracts. It has now been launched on the testing network. This mechanism achieves a fully decentralized launch of the contract market. Deployment requires pledging 1 million HYPEs and paying for gas through a Dutch style auction. The deployer can set the commission sharing and market parameters. If malicious operations occur, the validator will vote to forfeit the pledge.