Hyperliquid unveils permissionless HIP-4 markets upgrade
6.7 Tech Hyperliquid will enable permissionless HIP-4 market deployment with a 500,000 HYPE stake, validator-approved templates, and strict settlement rules to boost user participation and market quality.
Hyperliquid has announced that its HIP-4 outcome markets will soon support permissionless deployment through an upcoming network upgrade. The rollout will begin on testnet before expanding to mainnet. This upgrade allows users to create their own markets without prior approval, provided they stake 500,000 HYPE tokens—though some reports mention a 1,000,000 HYPE requirement. Validators will approve and enforce standardized outcome templates on-chain to ensure clarity and quality. Deployers must define and settle markets according to these templates, and multiple deployers can use the same template. Staked tokens may be slashed by validator vote if markets are poorly defined, incorrectly settled, or remain unsettled for over a week. Stakes are locked for six months, and all settlements must be completed before unstaking. Initially, deployers can create up to 100 outcomes, with plans for an auction mechanism to expand this quota. The upgrade aims to democratize market creation, foster ecosystem growth, and maintain market integrity.
