NAVER Perpetual Futures Listed on Hyperliquid via HIP-3 Governance

Hyperliquid lists NAVER perpetuals after Paragon wins ticker auction for 516.99 HYPE. The HIP-3 mechanism allows community-driven market creation with 500k HYPE stake.

Woofun AI reports that Hyperliquid has confirmed the listing of NAVER perpetual futures through its HIP-3 governance protocol. The market will trade under the NAVER ticker, following a successful Dutch auction bid by the team Paragon. Under HIP-3, participants must stake 500,000 HYPE to propose new markets. Paragon secured the ticker for 516.99 HYPE, valued at approximately $28,370. This process decentralizes listing authority, allowing community members to introduce assets like the South Korean tech conglomerate NAVER. The auction revenue flows directly to the Hyperliquid treasury.