minjung@prestolabs.io

# Stratium and HIP-3 Explained: On-Chain Structured Finance Meets Permissionless Perpetuals Based on my analysis of Hyperliquid's official documentation, project communications, and industry coverage, here's what you need to know about these two interconnected concepts in the DeFi ecosystem. ## HIP-3: Hyperliquid's Permissionless Perpetuals Revolution **HIP-3 (Hyperliquid Improvement Proposal 3)** is a groundbreaking governance proposal that enables **permissionless builder-deployed perpetual

# HIP-3 Explained: Permissionless Market Deployment on Hyperliquid **HIP-3 enables anyone to deploy new perpetual futures markets on Hyperliquid without requiring permission from the core team or governance.** This represents a fundamental shift from traditional centralized exchanges where only the platform operator can list new trading instruments. ## How HIP-3 Actually Works Based on the data, here's what HIP-3 enables in practice: ### Core Function: Permissionless Market Creation **Any de

# HIP-3: Beyond a Simple Listing Process Based on the conversation history and available data, **HIP-3 is fundamentally different from a traditional exchange listing process** - it's a permissionless infrastructure layer that enables market creation without centralized approval. ## The Core Distinction: Permissionless Infrastructure vs. Curated Listing | Aspect | Traditional Exchange Listing | HIP-3 Permissionless Markets | |--------|-----------------------------|-----------------------------

# HIP-3 Staking Requirement: 500,000 HYPE **To deploy perpetual futures markets through HIP-3, builders must stake exactly 500,000 HYPE tokens** as collateral on the Hyperliquid network. [Cointelegraph](https://cointelegraph.com/news/hyperliquid-hip-3-open-interest-hits-793m-on-commodities-surge) ## Current Value and Context Based on recent price data from news coverage (HYPE trading between $30-37 in late January/early February 2026), this staking requirement represents: | Metric | Value |

# Stratium Analysis: Limited Information Available Based on the available data and conversation history, I cannot provide a comprehensive analysis of Stratium due to insufficient information. ## Data Limitations **Critical Data Gap**: My internal database search returned no results for Stratium as of 2026-02-10 04:38 UTC. The search specifically queried "Stratium" and found no matching entities in the internal database. ## Contextual Analysis from Conversation History From our previous disc

# Stratium Analysis: Structured Finance on Hyperliquid Based on the available Twitter data from @StratiumX, here's what I can determine about this emerging project in the Hyperliquid ecosystem. ## Project Overview **Stratium** is building structured finance products on Hyperliquid, positioning itself as "rebuilding structured finance for the onchain century." [X](https://x.com/StratiumX) The project has gained moderate traction with 753 Twitter followers and shows active development with rece

# 10 Podcast Questions for Stratium Founder Interview Based on the available information about Stratium's position in the Hyperliquid ecosystem and their structured finance focus, here are 10 targeted questions for your podcast interview: ## Personal & Project Background 1. **Origin Story**: Beyond how you entered crypto, what specific gap in DeFi structured products inspired you to build Stratium on Hyperliquid rather than other platforms? 2. **HIP-3 Advantage**: With HIP-3 requiring 500,00

# Bithumb Bitcoin Airdrop Incident: Systemic Assessment and Market Implications ## Executive Summary The Bithumb operational error that occurred on February 6-7, 2026, represents one of the most significant exchange mishaps in cryptocurrency history, involving the mistaken distribution of approximately 620,000 BTC (worth ~600 trillion KRW/$460 billion at the time) to 249 users instead of the intended 620,000 Korean won (~$475) reward. While Bithumb recovered 99.7% of assets within hours, 125 B