# HIP3

### **What is the Open Derivatives Market (HIP-3)?**

“HIP3” is a revolutionary underlying financial protocol that allows any asset — whether cryptocurrency, stock indices, or real-world assets — to be created and traded as a perpetual contract. On our platform, you can now trade a wide variety of innovative derivatives created and managed by global “Market Builders”.

### **Core Benefits:**

* **Unbounded Assets**: The range of tradable assets is greatly expanded beyond traditional exchanges. From popular stocks to alternative assets, virtually anything can be traded.
* **Community-Driven**: New markets are launched by independent “Builders,” who stake assets to ensure market stability and security.
* **High Transparency**: All market rules, collateral, and clearing mechanisms are publicly accessible and immutable on-chain.

### **How to Use:**

* **Browse Markets**: Discover a diverse range of contracts offered by global Builders under the “HIP3” section.

<figure><img src="/files/QceLuwT0Dmf2ppjxSRhW" alt=""><figcaption></figcaption></figure>

* **View Details**: Click on any contract to check its specific parameters, including the price oracle, max leverage, and funding rate.

<figure><img src="/files/QHmZ4e0ip12KGwNUPd3S" alt=""><figcaption></figcaption></figure>

* **Start Trading**: Once you’ve chosen a market of interest, you can trade it just like any other perpetual contract.

<figure><img src="/files/1Tgn8PkC1BoBXRvtPy5m" alt=""><figcaption></figcaption></figure>

{% hint style="danger" %} <mark style="color:$danger;">**Risk Disclaimer**</mark><mark style="color:$danger;">:</mark> Open markets offer unique trading opportunities but may also come with higher volatility and risks. Please fully understand the specific rules of each market before trading.
{% endhint %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://corndex.gitbook.io/cornwallet/contracts-and-spot-trading/hip3.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.