Hyperliquid’s token, HYPE, soared 10% in the past 24 hours after the decentralized exchange detailed HIP-4, a proposal to bring “outcome” trading to its platform.
The new contract type would support prediction markets and options-style derivatives, two long-requested features, according to the team.
“There has been strong user demand in both areas, and manufacturers will likely be thinking about new applications as well,” Hyperliquid wrote in an article on X.
The results are fully guaranteed contracts that settle at a fixed price within a specified range. They introduce dated markets and non-linear gains into the Hyperliquid system, which until now has focused on perpetual futures contracts. Unlike traditional leveraged derivatives, results do not require margin trading or risk liquidation.
Results trading will be launched on testnet first, mainnet deployment will follow once technical development is complete. Hyperliquid plans to start with a set of curated markets before potentially opening the system to unauthorized listings, pending user feedback, it said.
HYPE has gained traction over the past month after the exchange’s permissionless markets, which allow anyone to make markets in assets such as crypto, stocks and gold by staking 500,000 HYPE tokens, exploded to record highs. The token is up 33% over the past month.
