Hyperliquid requests feedback on new HIP-4 templates

Hyperliquid core contributor Xulian is asking the community for feedback on the latest HIP-4 templates. The templates are available on the blockchain and via an API on the testnet. Validators review them and vote on-chain on possible adoption as a mainnet template. Final activation depends on whether HIP-4 itself is enabled on mainnet. At the time of writing, HYPE is trading at $61.78, up 5.5% in 24 hours.

HYPE is available at OKX and Bybit.

In short:

• Core contributor Xulian is calling on the community to provide feedback on the latest HIP-4 templates on the testnet.
• Validators review the templates and vote on-chain on adoption on mainnet.
• Activation of the templates on mainnet requires HIP-4 itself to be enabled first.

Templates available on testnet and via API

The latest HIP-4 templates can now be found on the Hyperliquid testnet blockchain. Developers and validators can also retrieve them via an API call to the testnet endpoint. Within each template family, the most recent version is available for review. The families are distinguished by an ascending number as a suffix, with binaryPrice4, for example, being the latest version within the binaryPrice family.

Xulian indicated that the feedback round is intended to refine the templates before validators officially vote on them. After the vote, approved templates can be made available for use by developers who want to deploy contracts.

Activation depends on HIP-4 on mainnet

Even if validators approve a template, it can only actually be deployed once HIP-4 itself is active on mainnet. The proposal therefore still faces an additional hurdle before it goes into production. Hyperliquid previously submitted a proposal to the SEC regarding pre-IPO futures, showing that the platform is gradually expanding its activities.

HIP-4 is a governance proposal that aims to introduce new capabilities for smart contracts on the Hyperliquid platform. The outcome of the current feedback round and the subsequent validator vote will determine the form in which the templates ultimately reach mainnet.