Overview
- Hyperliquid announced the proposal on Monday via Telegram and said permissionless deployment for HIP‑4 will first roll out on testnet before any mainnet launch.
- The design requires deployers to stake tokens that can be slashed for bad or unresolved settlements and to keep those stakes locked for six months before withdrawal.
- Reporting differs on the stake size with Hyperliquid’s announcement cited as 500,000 HYPE while one outlet reported a 1,000,000 HYPE figure, and Hyperliquid says the parameters remain preliminary.
- Each deployer would start with capacity for 100 outcomes (200 outcome tokens), may expand allocation through auctions, and could set market fees up to 50% under the current proposal.
- The move builds on HIP‑4’s May launch, which recorded about $100 million in its first month, and the next steps to watch are testnet results, community feedback, security checks, and any regulatory scrutiny before mainnet deployment.