Breaking: Hyperliquid Announces Permissionless Deployment for HIP-4 Prediction Markets

Hyperliquid has officially announced permissionless deployment for its HIP-4 outcome markets in a future upgrade. This will allow anyone to launch prediction markets using validator-approved templates, offering 50% fee revenue to deployers.

Hyperliquid Unveils Permissionless Deployment in Upgrade for HIP-4 Prediction Markets

Hyperliquid will roll out permissionless deployment support for HIP-4 prediction markets in a future upgrade. This will launch first on testnet and then on mainnet.

“The technology for outcome markets required sufficient battle testing in a validator-deployed setting before scaling to permissionless deployment,” Hyperliquid added.

To maintain quality and curb spam, deployers will rely on validator-approved prediction market templates. Prediction market deployers are required to stake 500k HYPE tokens that can be slashed only via validator votes in case of bad settlements and poorly defined markets.

Other requirements include a 6-month stake-locking period and settling all markets to unstake. Deployers can earn up to 50% of trading fees from prediction markets, with no restrictions on launching identical markets to boost competition.

Permissionless deployment is important for the growth of outcome markets. The number of prediction market events even exceeds the underlying assets for perps and spot tokenization.

Hyperliquid has also announced follow-up features as HIP-4 prediction markets grew. These include fee configurability and an auction mechanism.

Will HYPE Repeat Historical Rally?

HYPE rallied almost 100% after Hyperliquid launched HIP-4 in May this year. It was a joint collaborative effort that included the Kalshi prediction market, allowing users to trade non-linear, fixed-range contracts and bounded options without leverage or liquidation risk.

HYPE price continued to trade range-bound near $60, with a 24-hour low and high of $59.89 and $61.56, respectively. Trading volume also remained lower at 2% in the last 24 hours.

As CoinGape reported earlier, Hyperliquid price tumbled 12% as a16z-linked wallet started selling HYPE holdings. Despite this, Hyperliquid has captured a record 9.5% of aggregate perpetual futures open interest compared with centralized exchanges.

CoinGlass data showed mixed sentiment in the derivatives market. The total HYPE futures open interest dropped more than 2% to $1.36 billion in the last 24 hours. However, futures OI on Hyperliquid, Binance, and Bybit climbed in the last few hours.

For investors seeking to capitalize on this growing sector, exploring the top-rated crypto prediction markets can help identify platforms with the deepest liquidity and lowest fee structures.