The Edge Podcast

YIELD TALKS: HIP-3 Markets, Kinetiq's TGE, and The HYPE Airdrop 1-Year Anniversary

Nov 26, 2025
Delve into the vibrant world of HIP-3 markets and Kinetiq's token launch! Discover how HIP-3 markets are set to differentiate themselves through liquidity and user experience. Hear about the current traders in this space and the exciting implications of Kinetiq's ambitions beyond liquid staking. With insights on the upcoming HYPE airdrop anniversary, the discussion also touches on institutional access and evolving market strategies. Expect some lively debates on token burns versus long-term incentives!
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INSIGHT

Permissionless Perps Change The Game

  • HIP-3 lets permissionless deployers create perpetual markets on anything, expanding Hyperliquid beyond validator-operated perps.
  • Deployers must bond 500,000 HYPE to align incentives and face slashing risk for poor behavior.
INSIGHT

Differentiation Will Be Liquidity And UX

  • Multiple deployers will compete on liquidity, oracle design, collateral, and UX to win the same tickers like Tesla.
  • Front ends and wallets will abstract and surface the best execution, making UX and routing a key differentiator.
ADVICE

Assess Markets Like Perp DEXs

  • Evaluate HIP-3 markets like perp DEXs: check liquidity profile, oracle design, and collateral before trading.
  • Prefer front ends or routes that consistently deliver the best execution and lowest slippage.
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