Hyperliquid: HIP-4 goes live on testnet, plans to launch one-day expiry binary prediction markets for BTC and HYPE

PANews, March 11 — Hyperliquid announced that HIP-4 has officially launched on the testnet. The first batch of outcome-based markets are periodic binary options based on HyperCore mark price. Users can view relevant markets in the "Predict" section of the testnet interface. The outcome contracts are fully collateralized, settled within a fixed price range, featuring nonlinear returns and expiration times, and do not involve leverage or liquidation mechanisms. Hyperliquid also stated that it plans to launch one-day expiry binary markets for BTC and HYPE in the future. The protocol is designed to support multi-outcome markets, but this feature is not included in the initial release plan.

Hyperliquid previously disclosed that in the next network upgrade, portfolio margin will transition from pre-alpha to alpha stage, expanding the applicable scope from test accounts to portfolios under approximately $500,000. Portfolio margin can be enabled for main accounts with weighted trading volume exceeding $5 million, allowing supply and borrowing limits to be set for each asset:

1. The overall supply cap for USDH is 500 million, and the overall borrowing cap is 100 million;

2. The supply cap per user for USDH is 5 million, and the borrowing cap per user is 1 million.