Entropy secured the HIP-3 code NVDL with a bid of 500 HYPE.

BlockBeats news, November 13: HIP-3 deployer Entropy has successfully bid 500 HYPE (approximately $35,774) for the trading code NVDL (NVIDIA 2x leveraged ETF). This market is currently not open for trading.

The HIP-3 mechanism allows qualified deployers to independently launch perpetual markets on Hyperliquid. Mainnet deployment typically requires staking 500,000 HYPE.