TLDR
- Hyperliquid will add permissionless deployment for HIP-4 outcome markets in a future upgrade, starting on testnet first
- Validators will vote on standardized outcome templates stored and enforced onchain
- Deployers must stake 500,000 HYPE, locked for six months
- Each deployer gets an initial allocation of 100 outcomes (200 outcome tokens)
- Deployers can set fees of up to 50% on their markets
Hyperliquid has announced plans to bring permissionless deployment to its HIP-4 outcome markets in a future network upgrade. The feature will launch on testnet before going live on mainnet.
Hyperliquid’s HIP-4 Outcome Markets to Support Permissionless Deployment with 500k HYPE Stake
Hyperliquid said HIP-4 Outcome Markets will first launch on testnet in a future upgrade and eventually support permissionless deployment. Deployers must stake 500k HYPE and may be… pic.twitter.com/Jlzg6sHaTN
— Wu Blockchain (@WuBlockchain) July 20, 2026
The announcement was made on Sunday via Telegram. Hyperliquid said the technology needs thorough testing in validator environments before permissionless access is opened to the public.
Outcome markets cover a much wider range of tradable events than spot or perpetual futures markets. Because of this, Hyperliquid said permissionless deployment is especially important for the feature’s growth.
How the Template System Works
To keep market rules clear and consistent, validators will vote on approved outcome market templates. These templates will be stored and enforced onchain.
Once a template is approved, any deployer can use it to launch their own markets. Multiple deployers are allowed to create markets from the same template.
Deployers must define and settle each market in line with the template’s rules. Canonical markets can still be deployed directly by validators, but Hyperliquid expects these to be rare — fewer than 10 per year.
Staking and Slashing Rules
Anyone who wants to deploy HIP-4 markets must stake 500,000 HYPE. That stake can be partially or fully slashed by validator vote if a market is poorly defined, settled incorrectly, or not settled within one week of an outcome being determined.
The stake is locked for six months. Deployers must also settle all outstanding markets before they can unstake.
Each deployer starts with an allocation for 100 outcomes, which equals 200 outcome tokens. Multi-outcome questions use more than one slot, but settled outcomes free up space for reuse.
An auction mechanism to expand allocations is planned as a follow-up feature.
Deployers will be allowed to set fee rates of up to 50% on the markets they launch. Fee-setting tools will be added in a later version of the protocol.
Hyperliquid launched HIP-4 in May this year. The prediction market feature attracted around $100 million in trading volume in its first month.
All details in the current proposal are preliminary. Hyperliquid said the design may change based on community feedback, with more information to follow after the testnet launch.
