Citadel for HIP-3 Perp Deployers
Citadel helps HIP-3 deployers manage the capital, stake, custody, and automated trading fee routing workflow required to launch and operate a HIP-3 exchange.
HIP-3 deployers need 500,000 HYPE staked to launch a perpetual exchange. They also need reliable oracles, market operations, liquidity, and a clear plan for routing trading fees.
What Citadel Supports
- Crowdsourcing HYPE from capital providers through deployment-specific structures
- Smart-contract custody where capital providers are involved
- Bridging and staking workflows
- Automated trading fee routing to capital providers, deployer operations, Marina campaigns, or other agreed stakeholders
- On-chain visibility for deposits, bridges, stake movement, fee flows, and claims where applicable
- Refund workflow if a capital-backed deployment does not proceed
Capital Structures
Citadel can support different HIP-3 capital structures:
- Single provider: one fund or whale deposits into a permissioned vault.
- Whitelisted raise: selected capital providers deposit from approved addresses.
- Open raise: public depositors back the deployment.
Once the vault has sufficient capital, HYPE is bridged and staked with the deployer. With the stake in place, the deployer launches its HIP-3 markets.
Read the HIP-3 vault mechanics
Automated Trading Fee Routing
For HIP-3 deployments, trading fees can be routed to:
- Capital providers
- Deployer operations
- Marina liquidity campaigns
- other stakeholders in the agreed deal structure
The smart contract executes the pre-defined splits.
HIP-3 Requirements
| Requirement | Detail |
|---|---|
| Stake | 500,000 HYPE on mainnet |
| Unstaking period | 30 days after all markets halt |
| Initial markets | 3 per DEX without auction |
| Additional markets | Dutch auction required |
| Fee structure | Users pay 2x standard fees, deployer receives 50% |
| Oracle responsibility | Deployer must maintain accurate, manipulation-resistant oracles |
| Slashing risk | Stake is slashable for malicious or incompetent operation |
Scale Liquidity With Marina
Once the perp markets are live, Marina can use a project-funded budget or a portion of trading fees to incentivise tighter quoting, deeper books, and genuine fills.
Start
Reach out via Telegram to discuss your HIP-3 deployment.