Overview
- Hyperliquid said in a Sunday Telegram post that permissionless deployment for HIP‑4 will launch on testnet first and move to mainnet after trials and feedback.
- Validators will vote on standardized outcome templates stored and enforced on‑chain while third‑party deployers create and settle individual markets under those templates and validator‑run canonical markets remain rare.
- Most outlets report deployers must stake 500,000 HYPE locked for six months with validator authority to partially or fully slash stakes for poor definitions, incorrect settlements, or markets unresolved for more than a week, though one report cited a 1,000,000 HYPE figure that Hyperliquid has not confirmed.
- Each deployer gets initial capacity for 100 outcomes (200 outcome tokens), multi‑outcome questions use more slots, settled markets free capacity, an auction system to expand allocation is planned, and deployers may receive up to about 50% of trading fees under preliminary proposals.
- The model aims to expand Hyperliquid’s outcome catalog and boost demand for HYPE by locking large token amounts, but the high stake requirement favors deep‑pocketed builders and core parameters remain provisional pending testnet results and validator and community votes.