HYPE
The Rind — pooling the stake
Deposit HYPE, receive sHYPE. The pool bonds its HYPE as the HIP-3 deployer stake. Deployer fees flow back in, and every sHYPE is worth a little more.
Open the RindEveryone gets a piece of
Hyperliquid's markets.
HIP-3 lets anyone deploy a perpetual market on the fastest onchain order book in crypto, and keep up to half of the trading fees it generates. The seat costs 500,000 HYPE. Slice cuts the watermelon so everyone gets a piece.
Bonded stake
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Seats unlocked
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The Rind
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The Flesh
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Next seat at the table— / 500,000 HYPE
Every 500,000 HYPE bonded by the Rind unlocks one more HIP-3 deployment. The figure is the staking balance of the Rind contract itself, read from HyperCore.
Two engines
One pools the stake that buys the seat. The other makes the market that fills it. Both pay out to the people who put in.
USDC
The Flesh — liquidity that earns
Deposit USDC, receive sUSDC. The desk quotes both sides of the book on Slice's markets. Its equity on the dex is read straight from HyperCore, block by block.
Open the FleshGovernance
Which markets get a slice
Markets are chosen by PIP stakers: what to list, maximum leverage, oracle source, fee settings. A market that does not pull its weight is wound down and its stake redeployed.
See the board$PIP
— PIP staked
Stakers take a share of what the deployer fees and the desk earn, vote on markets and risk limits, and get first access to vault capacity when deposits are capped.
Stake PIP