Particle.news
Download on the App Store

Hyperliquid Launches Testnet ‘Outcome’ Contracts Under HIP-4, Expanding Into Prediction Markets

The fully collateralized, fixed‑range design targets lower‑risk derivatives as the team prepares curated USDH‑settled markets after technical validation.

Overview

  • Outcomes are fully funded contracts that settle within a specified price range without leverage, margin calls, or liquidations.
  • The new primitive introduces dated markets and non‑linear payoffs, enabling prediction markets and bounded options‑like instruments.
  • The feature is live on testnet now, with plans to deploy curated canonical markets using objective settlement feeds and potential permissionless listings later based on user feedback.
  • The contracts integrate with Hyperliquid’s portfolio margin system and HyperEVM, allowing composability with other on‑chain strategies.
  • HYPE rose more than 10% on the announcement and is reported up roughly 40% over the past week as the platform builds on momentum from HIP‑3’s permissionless perpetual markets.