- Hyperliquid plans to introduce permissionless Outcome Markets through its upcoming HIP-4 network upgrade, beginning with a testnet rollout.
- Developers will be able to launch markets using approved templates, while staking 500,000 HYPE to help ensure accurate settlement.
- The proposal could significantly expand the number of tradable events on Hyperliquid beyond traditional spot and perpetual futures markets.
Hyperliquid is preparing to broaden its decentralized trading ecosystem with the introduction of HIP-4, a proposal that will enable permissionless deployment of Outcome Markets.
The feature will first launch on testnet before expanding to mainnet, allowing developers to create prediction-style markets using standardized templates approved by network validators.
The rollout reflects Hyperliquid’s broader goal of opening market creation to the community while maintaining consistency and reliability across the platform.
Permissionless Markets With Validator Oversight
Unlike traditional spot or perpetual futures markets, Outcome Markets can cover a much wider range of real-world events.
To ensure markets remain clearly defined and are settled fairly, Hyperliquid will require validators to approve standardized market templates that are stored directly onchain.
Developers will then be free to launch markets using any approved template, allowing multiple deployers to create similar markets while following the same settlement rules.
500,000 HYPE Stake Helps Protect the Network
Under the HIP-4 proposal, anyone wishing to deploy Outcome Markets must stake 500,000 HYPE.
If a market is poorly defined, settled incorrectly, or remains unresolved more than one week after the outcome becomes known, validators can vote to slash the deployer’s stake.
The stake must remain locked for six months, and all deployed markets must be fully settled before the developer can withdraw their tokens.
Revenue Opportunities for Market Creators
The proposal also introduces economic incentives for developers.
Future HIP-4 deployers may be allowed to receive up to 50% of trading fees generated by the markets they create, although the exact fee-sharing mechanism will be introduced in a later version of the protocol.
Initially, each deployer will be limited to creating 100 outcomes, with plans to expand those limits through an auction-based allocation system in future updates.
Hyperliquid Continues Expanding Its Ecosystem
Hyperliquid described the current design as an early proposal that may evolve following community feedback and further testing.
By enabling permissionless market creation while enforcing standardized rules through validator governance, the protocol aims to dramatically increase the variety of tradable events available on the network without sacrificing settlement quality or user confidence.
If successfully implemented, HIP-4 could represent one of Hyperliquid’s largest ecosystem expansions to date, opening the door to a new generation of decentralized prediction and event-based markets.
