Hyperliquid’s token HYPE rose 10% in the last 24 hours after the decentralized exchange detailed HIP-4, a proposal to bring “outcomes” trading to its platform.
According to the team, the new contract type would support prediction markets and options-style derivatives, both long-requested features.
“There has been strong user demand in both areas, and builders will likely be thinking about novel applications as well,” Hyperliquid wrote in a post on X.
The results are fully guaranteed contracts that settle at a fixed price within a specific range. They introduce outdated markets and non-linear payments to Hyperliquid’s system, which until now has focused on perpetual futures. Unlike traditional leveraged derivatives, the results do not require margin trading or risk liquidations.
Result trading will be launched on the testnet first, and once technical development is completed, it will be deployed to the mainnet. Hyperliquid plans to start with a select set of markets before potentially opening the system to permissionless listings, pending user feedback, he said.
HYPE gained traction over the past month after the exchange’s permissionless markets, which allow anyone to create markets in assets such as cryptocurrencies, stocks and gold by staking 500,000 HYPE tokens, soared to record levels. The token is up 33% over the last month.
