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Hyperliquid Proposes HIP-4 for Outcome Contracts, HYPE Up 10%

The upgrade introduces fully collateralized, fixed-range contracts that settle without leverage or liquidations.

Overview

  • Outcome trading is live on testnet, with mainnet deployment planned after technical validation and integration of objective settlement feeds.
  • Hyperliquid will begin with a curated set of USDH‑denominated markets, with the option to open permissionless listings based on user feedback.
  • The new contracts support dated markets and non‑linear payoffs while eliminating margin requirements and liquidation risk.
  • HIP‑4 expands the platform beyond perpetual futures by integrating with HyperCore, portfolio margin, and HyperEVM to enable prediction markets and options‑style instruments.
  • HYPE rose about 10% following the announcement, extending recent momentum linked to HIP‑3’s permissionless market growth that requires a 500,000 HYPE stake to create new perpetuals.