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Hyperliquid Launches HIP-4 Outcome Trading on Testnet as HYPE Jumps

Canonical USDH markets are planned after technical completion, with broader listings considered based on user feedback.

Overview

  • Outcome contracts are fully collateralized, settle within fixed ranges, feature non-linear payoffs, and avoid leverage, margin calls, and liquidations.
  • Outcome trading integrates with portfolio margin and HyperEVM, enabling prediction markets and bounded options-style instruments on the HyperCore stack.
  • The feature is live on testnet now, and mainnet rollout will start with curated markets that use objective settlement sources and USDH denomination.
  • Hyperliquid says wider permissionless market creation could follow pending testing results and community input.
  • HYPE gained roughly 10%–22% in the past day to about $37 with trading volume near $1 billion, as the move places Hyperliquid in a crowded field facing growing regulatory scrutiny.