Hyperliquid launches HIP-4 outcome markets with permissionless deployment

Hyperliquid announces a major step in prediction markets. The platform introduces HIP-4 Outcome Markets, a new system that ultimately supports permissionless deployment. Deployers will be able to launch markets themselves, but strict conditions apply. The Hyperliquid price currently stands at $60.43, a decline of 1.4% in the past 24 hours.

Hyperliquid is available at OKX and Bybit.

Testnet first, then mainnet

HIP-4 will initially be rolled out on testnet before making its way to mainnet. This is the same approach Hyperliquid previously used for spot and perpetual deployments. The technology for outcome markets must first be thoroughly tested in a validator environment before the step to permissionless deployment can be responsibly taken.

Validators play a central role in this process. They approve standardised templates to ensure the quality of the markets remains guaranteed. Only once that foundation is stable will the platform open up to broader participation via permissionless deployment.

Stake 500,000 HYPE and earn up to 50% fee share

Anyone who wants to launch a market as a deployer must stake at least 500,000 HYPE. This is a significant threshold designed to safeguard market quality. Deployers who use unclear market definitions or carry out an incorrect settlement risk having their staked tokens slashed. This incentivises parties to act carefully and transparently.

A compelling reward is attached: deployers can earn up to 50% of the fees generated. Hyperliquid further states that the number of tradeable events in prediction markets far exceeds that of spot and perpetual markets. According to the platform, this makes outcome markets a key element for the long-term growth of the ecosystem.