Overview
- Hyperliquid said Monday it will roll out a testnet phase that lets qualified third‑party builders deploy HIP‑4 prediction markets without prior validator approval.
- Each deployer must lock 500,000 HYPE for six months and faces validator voting power to partially or fully slash that bond for unclear definitions, incorrect settlements, or markets left unresolved more than one week.
- Validators will vote to approve standardized, onchain outcome templates that enforce market rules, while validator‑created canonical markets will remain limited and rare.
- Each deployer initially gets capacity for 100 outcomes (200 outcome tokens), settled markets free capacity, auctions are planned to expand allocations, and deployers may receive up to 50% of trading fees under later fee tools.
- The requirement to lock a large HYPE stake creates a significant barrier to entry worth roughly $30–32 million at current prices, reduces circulating supply, ties token demand to market growth, and positions HIP‑4 to compete with established prediction platforms while key specs stay provisional pending testnet feedback.