The Barrier
To deploy a HIP-3 market, you must stake 500K HYPE.
At $30/HYPE, that's ~$15 million.
Why So High?
This isn't a bug. It's a security mechanism.
| Purpose | How It Works |
|---|---|
| Skin in the game | Deployers have significant capital at risk |
| Slashing | Stake can be slashed for malicious behaviour |
| Accountability | Creates responsibility without centralised gatekeepers |
| Quality filter | Only serious operators deploy markets |
Slashing Conditions
Deployer stake can be slashed for:
- Bad oracles — Manipulated or stale price feeds
- Market manipulation — Coordinated attacks on traders
- Parameter abuse — Malicious leverage or margin settings
The Problem
The $15M barrier ensures quality but creates a problem:
It locks out most participants from the best yield opportunity in crypto right now.
Even if you believe in HIP-3, even if you want exposure to builder market yield — the barrier is too high for almost everyone.
INFO
Next: The Opportunity