Perpetuals Architecture

Architecture and metadata for the xyz HIP-3 deployment.

Hyperliquid Improvement Proposal 3, or HIP-3, lets builders deploy perpetual markets on HyperCore.

The xyz deployment defines its market listings, oracle sources, leverage limits, margin modes, funding parameters, trading sessions, and other eligible parameters. HyperCore processes orders, matching, margin, liquidations, funding transfers, and settlement onchain.

A distributed set of relayer instances maintained by the trade[XYZ] team computes and publishes to Hypercore the oracle, mark, and external price described in Mechanics. Relayer updates are transmitted approximately every three seconds.

HIP-3 metadata	Value
Deployment name	xyz
Full name	XYZ
Deployer	0x88806a71D74ad0a510b350545C9aE490912F0888
Oracle Updater	0x1234567890545d1Df9EE64B35Fdd16966e08aCEC