Trove on HIP-3

How HIP-3 integrates with Trove

Trove is the first HIP-3 deployment focused on collectible perpetuals, extending Hyperliquid’s core infrastructure to non-fungible cultural assets such as Pokémon, CS2, and much more.

Trove's HIP3 markets will show on the HIP-3 section of Hyperliquid. Currently only @tradexyz's markets show

Through HIP-3, Trove’s markets execute natively inside the Hyperliquid interface, inheriting the same matching engine, risk model, and settlement logic that power all Hyperliquid perpetual markets.

Removes the need for isolated infrastructure and ensures uniform margining, liquidation, and funding mechanisms across all assets.

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HIP-3 features

_{A briefer overview regarding HIP-3 and Trove here: https://x.com/TroveMarkets/status/1983949998279565510}

Feature	HIP-3 Capability	Trove Implementation
Market Deployment	Permissionless market creation	Collectible perp suite: Pokémon, CS2, Charizard and more markets later
Infrastructure	Shared execution + risk engine	Margin, liquidation, and settlement via Hyperliquid core
Oracle Design	Custom oracle and leverage logic	Hybrid Mark + Validator + EMA pricing model
Transparency	Fully on-chain operation	All trade, funding, and liquidation data verifiable on-chain

Architecture Alignment

HIP-3 provides Trove with composable access to Hyperliquid’s low-latency execution layer and shared risk engine, eliminating redundant infrastructure.

We define only market-specific parameters — oracle logic, leverage constraints, and collateralisation rules — while all trade lifecycle operations are handled by Hyperliquid’s base protocol.

In summary: Trove builds the culture layer; Hyperliquid provides the engine.