XYZ Architecture

An overview of XYZ architecture.

Hyperliquid is a performant blockchain that offers permissionless access to hundreds of perpetual trading markets. Trades, execution, and settlement are all handled on-chain and processed by Hyperliquid’s decentralized set of validators.

Hyperliquid Improvement Proposal 3 (HIP-3) lets independent builders deploy and operate their own perpetual markets on Hyperliquid. You can read more details about HIP-3 in Hyperliquid’s documentation here.

The XYZ protocol is a HIP-3 DEX that defines market listings, oracle sources, leverage limits, and other parameters for XYZ markets. XYZ markets exist for a range of asset classes, including equities, indices/ETF's, and commodities.

trade[XYZ] is an interface providing access to XYZ markets and other Hyperliquid markets. It is not the exclusive means of accessing XYZ markets.

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HIP-3 Metadata	Value
Name	xyz
Full Name	XYZ
Deployer	0x88806a71D74ad0a510b350545C9aE490912F0888
Oracle Updater	0x1234567890545d1Df9EE64B35Fdd16966e08aCEC