Hyperliquid: HIP-4 launches on the testnet, planning to introduce a one-day expiry binary prediction market for BTC and HYPE

ZkProver · 2026-03-11T02:16:09+00:00

Hyperliquid announces the official launch of HIP-4 on the testnet, introducing the first batch of cyclical binary options markets based on HyperCore's mark prices. Users can view these contracts in the "Predict" section; they are fully collateralized, feature nonlinear payoffs, and have fixed expiration times. In the future, Hyperliquid also plans to launch short-term binary markets for BTC and HYPE, and will transition the portfolio margin from pre-alpha to alpha stage.

ZkProver

2026-03-11 02:16:09

Abstract generation in progress

ChainCatcher news: Hyperliquid announces that HIP-4 is officially live on the testnet. The first batch of result-based markets are cyclic binary options based on HyperCore’s mark price. Users can view these markets in the “Predict” section of the testnet interface. The result contracts are fully collateralized, settled within a fixed price range, featuring nonlinear payoffs and expiration times, and do not involve leverage or liquidation mechanisms.

Hyperliquid also states that future plans include launching one-day expiry binary markets for BTC and HYPE. The protocol is designed to support multi-result markets, but this feature is not included in the initial release.

Hyperliquid previously disclosed that in the next network upgrade, the investment portfolio margin will transition from pre-alpha to alpha stage. The applicable scope will expand from test accounts to portfolios under approximately $500,000. Main accounts with a trading volume exceeding $5 million can activate portfolio margin and set supply and lending limits for each asset: 1. The total supply limit for USDH is 500 million tokens, with a total lending limit of 100 million tokens; 2. Single-user USDH supply limit is 5 million tokens, and the single-user lending limit is 1 million tokens.

HYPE2.17%

BTC-1.56%

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