Hyperliquid Opens Doors to Permissionless Prediction Markets
HIP-4 upgrade enables users to create their own prediction markets without permission.
1What is HIP-4 Upgrade?
Hyperliquid's new network update allows users to create permissionless prediction markets. This feature, launching first on testnet, will test templates and a staking system before mainnet deployment. Validator-approved templates will ensure markets are clearly defined.
2How Will It Work?
Previously only created by validators, prediction markets will now be open to anyone meeting HIP-4 requirements. Validators will vote on standard templates stored on-chain. Users can create identical markets multiple times if desired.
3Financial Incentives and Penalties
Becoming a HIP-4 deployer requires staking 500,000 HYPE tokens locked for six months. Poorly defined markets or unresolved markets for over a week will result in stake slashing. All markets must be settled before unstaking.
4Capacity and Fee Sharing
Initially, each deployer gets capacity for 100 outcomes or 200 outcome tokens. Future auctions will distribute more capacity. Deployers can set up to 50% fee sharing, though this feature will come in a later update.
5Token Performance
Despite the HIP-4 announcement, HYPE token price dropped - 1% in 24 hours and 10% over the week. However, it maintains a 34% yearly gain. Currently trading around $60, it's still 21% below its all-time high of $76.87.
6Industry Growth Context
Hyperliquid's move coincides with record growth in prediction markets. June saw $50.7B in trading volume. Q2 2026 reached $113.8B total volume, marking 48.7% quarterly growth, driven by major sports events like UEFA and NBA finals.
Original article: CryptoPotato — Hyperliquid, İzin Almadan Tahmin Piyasalarına Kapı Açıyor