Makers and $HIP3

Stake

$HIP3 is the makers' bond. A market maker stakes it (10,000 $HIP3 minimum to quote) and commits without a taker bond. Takers never need $HIP3.

Earn

40% of all fees go to staked makers. At the end of each weekly epoch, that share is split by the HYPE notional each maker actually filled, not by stake size. Rewards are paid in HYPE and claimed from the maker contract. An epoch in which no maker filled anything rolls its rewards into the next one.

Slashing

A maker that commits and does not reveal loses 2% of its stake, burned at settlement. Unstaking waits seven days so a maker cannot leave just before a slash.