Hyperliquid HIP-3 Explained — Stocks, Commodities and Indices On-Chain

HIP-3 lets builders permissionlessly deploy new perpetual markets on Hyperliquid — including stocks, commodities, indices and FX. This guide explains how it works and how to copy trade HIP-3 assets via whale.ag.

Start copy tradingView leaderboard

Hyperliquid HIP-3 Explained: Stocks, Commodities and Indices On-Chain

  1. 1. Understand the HIP-3 mechanism

    Builders post a market specification, fund initial liquidity and become the market operator. Hyperliquid handles matching, settlement and risk; the builder earns a slice of fees.

  2. 2. Browse HIP-3 markets on whale.ag

    Open the Hyperliquid leaderboard and filter for HIP-3 assets — denoted xyz:SYMBOL. Stocks, indices, commodities and exotic markets are visible.

  3. 3. Pick a trader who trades HIP-3

    Look at their per-asset breakdown. Top whales often have a mix of standard perps and HIP-3 stocks.

  4. 4. Copy as usual

    whale.ag handles HIP-3 routing automatically — same agent wallet, same risk controls, same fee model.

Frequently asked questions

What is HIP-3?

HIP-3 (Hyperliquid Improvement Proposal 3) is the standard for permissionless builder-deployed perpetual markets on Hyperliquid. It allows anyone to launch a new perp market by posting collateral and a spec, with Hyperliquid providing matching, settlement and risk management.

Can I copy trade HIP-3 stocks?

Yes. whale.ag fully supports HIP-3 markets — including xyz:AAPL, xyz:MSFT, xyz:NVDA, xyz:TSLA, xyz:HOOD, xyz:CRWV, xyz:INTC, xyz:MU, xyz:SP500 and others — exactly like standard perps.

Is HIP-3 risky?

Each HIP-3 market is as deep as its builder makes it. Less popular markets have wider spreads and shallower books. Stick to high-volume HIP-3 assets when copy trading.

Does HIP-3 require KYC?

No. HIP-3 markets are permissionless and trade like any other Hyperliquid perp — no KYC at protocol level.

Related

Get started

HIP-3 lets builders permissionlessly deploy new perpetual markets on Hyperliquid — including stocks, commodities, indices and FX. This guide explains how it works and how to copy trade HIP-3 assets via whale.ag.

Start copy trading