Developers of the perp-DEX Hyperliquid will introduce open deployment of prediction markets as part of HIP-4.
According to the team’s statement, the ability to deploy contracts without needing permission is "especially important" for the growth of this sector, given the vast array of potential tradable outcomes.
However, the solution must first undergo testing in an environment managed by validators. After the update, HIP-4 deployers will be able to launch markets based on approved standardized templates stored on-chain.
Hyperliquid emphasized that the template set should cover events with sufficient liquidity and interest, and the wording must remain unambiguous.
To launch markets under HIP-4, deployers will need to lock up 500,000 HYPE. Validators will have the ability to partially or fully withdraw the collateral if the market description or contract execution is incorrect.
At launch, each deployer will receive a quota of 100 outcomes (or 200 outcome tokens). To increase this limit, the team plans to introduce an auction mechanism later on.
The fee for these markets will reach up to 50%, but the launch parameters may still change based on community discussions. The team highlighted that users will still be able to launch canonical markets directly through Hyperliquid.
HIP-4 was launched in May. Since then, the protocol has processed transactions totaling approximately $272 million.
Source: loris.tools.
It’s worth noting that in June, the open interest on Hyperliquid surpassed $10 billion, making the platform the third largest for perpetual futures trading.