Felix Launches Its First Hyperliquid HIP-3 Market with TSLA, Powered by HyperStone

November 13, 2025

HIP-3 Markets Are Blind Without Oracles

HIP-3 introduces a new model for perpetual markets on Hyperliquid that is fully permissionless, allowing anyone to launch markets tied to almost any asset, from crypto to equities and custom indices. Unlike traditional HyperCore setups with built-in pricing venues, HIP-3 markets rely on external oracle infrastructure to supply price feeds, making data accuracy, update frequency, and reliability critical to safe market operations.

In this design, oracle performance becomes one of the core dependencies for market quality, directly influencing pricing precision and risk management.

With over 100M testnet updates delivered, HyperStone now forms the data backbone for a new generation of builder-led markets on Hyperliquid.

How HyperStone Works

HyperStone is built to deliver fast, fault-tolerant price feeds for HIP-3 markets using a layered architecture with independent verification at every step. It operates as a three-tier system:

Proposer

Aggregates prices from external data sources and maintains two independent price states: a primary and a fallback, with a 1-day offset between them. This ensures continuity even if one data path fails.

Oracle Nodes (10 total)

Each node independently calculates its own price benchmark and verifies it against the proposer’s data:

If the difference exceeds 1%, the update is rejected.
Valid data is cryptographically signed and batched for delivery.
Redundant backup data packages are included for extra resilience.

Relayer

Collects signed updates, verifies them, removes duplicates, and publishes the final result on-chain within ~2.5–3 seconds, with automatic fallback if needed.

Core safety rule, and a unique property of this design:
Data is only accepted on-chain when 3 out of 5 required signatures agree within the allowed deviation threshold, ensuring deterministic consensus before any price is delivered.

Fault Tolerance Without a Single Point of Trust

HyperStone applies Byzantine fault-tolerant consensus across five independent operators.
Since every node calculates prices independently, and updates require 3-of-5 agreement within a strict ±1% tolerance, an attacker would need to compromise a consensus majority and bypass independent price verification to influence the outcome.

This model distributes trust, removes single points of failure, and ensures markets run on data that is both fast and cryptographically verified.

Felix Launches its First HIP-3 Market Secured by HyperStone Oracle Price Feeds

Felix is deploying its first HIP-3 market, using HyperStone, RedStone’s dedicated oracle solution for Hyperliquid’s permissionless markets. For this launch, RedStone built a new push-based oracle model designed specifically for HIP-3.

The debut asset is TSLA stock, bringing on-chain Tesla exposure to traders on Hyperliquid, a milestone for real-world asset access inside the ecosystem. But even bigger breakthrough is the infrastructure beneath it: a purpose-built oracle layer capable of meeting HIP-3’s strict demands for reliability at scale.

HyperStone was built for that exact requirement, delivering:

The highest-security, institutional-grade price data, backed by RedStone’s production network securing $10B+ in DeFi
Ultra-low latency, with infrastructure collocated in Asia to match Hyperliquid Foundation nodes
No single point of failure, enforced through decentralized verification (4-of-6 quorum) and integration of Hyperliquid’s native multisig
Guaranteed 3-second updates, with full redundancy across modules and network connections for continuous liveness

Felix is the first demonstration of how Hyperstone-powered markets run in production. But TSLA is just the starting point.

With RedStone powering price feeds for HyperEVM and HIP-3, markets benefit from:

Institution-grade data precision delivered on-chain with minimal latency
Push-based update architecture optimized for fast-moving, high-volatility assets
Oracle robustness built for perpetuals, spot, and RWA market structures
The ability to bridge TradFi assets into crypto trading venues without sacrificing performance
End-to-end delivery by a single oracle provider, ensuring the integrity and accuracy of price feeds

Today it’s TSLA. Tomorrow, it’s any other global asset. HyperStone is designed to be the default data layer for every HIP-3 market that follows.

Co-founder and COO of RedStone, Marcin Kaźmierczak, on the impact of HyperStone.

What’s Next For HyperStone

With HyperStone now live, the focus shifts from proving what’s possible to expanding what’s next. RedStone is prioritizing:

Supporting more HIP-3 market deployments as builders experiment across perpetual markets
Scaling edge infrastructure and maintaining ultra-low latency to meet enterprise-grade demands as markets keep expanding
Deepening integration across Hyperliquid and HyperEVM, solidifying RedStone’s oracle dominance in the ecosystem

HIP-3 is shifting who can create markets. HyperStone ensures those markets don’t have to compromise on how they perform.

This infrastructure was built to become the data backbone for an entire category of permissionless perpetuals, where reliability, security, and update speed are minimum requirements.

RedStone was, is, and will be empowering HL builders with the highest fidelity data feeds.