BlockBeats reported on October 13th that Hyperliquid plans to launch its HIP-3 upgrade later today, enabling the creation of permissionless perpetual contract markets. Upon successful launch, deployers will be able to launch the Perp DEX permissionlessly on HyperCore by staking 500,000 HYPE. HIP-3 will integrate with the HyperEVM for smart contracts and governance, and include security measures such as validator penalties and open interest caps.