Key facts
- Hyperliquid will enable permissionless deployment for HIP-4 prediction markets.
- Users can launch markets using validator-approved templates.
- Deployers must stake 500,000 HYPE tokens, which can be slashed.
- A 6-month lock-up period for staked tokens is required.
- Deployers will earn up to 50% of trading fee revenue.
- Future enhancements will include fee configurability and an auction mechanism.
Hyperliquid has announced plans to enable permissionless deployment for its HIP-4 prediction markets through a future upgrade, initially launching on testnet before its mainnet release. This move aims to scale the growth of outcome markets, which have seen significant activity. To ensure quality and prevent spam, users will utilize validator-approved templates for launching prediction markets. A prerequisite for deployment is staking 500,000 HYPE tokens, which are subject to slashing through validator votes in cases of poor settlements or ill-defined markets. Additionally, deployers must adhere to a 6-month staking period and settle all markets before unstaking their tokens. Successful deployers stand to earn up to 50% of the trading fees generated from their prediction markets, with no restrictions on launching identical markets to foster competition. Hyperliquid intends to introduce further enhancements to HIP-4 prediction markets, including fee configurability and an auction mechanism. The platform noted that the technology for outcome markets required thorough testing in a validator-deployed setting before being opened up for permissionless access.