Hyperliquid plans to introduce permissionless deployment for its HIP-4 prediction markets, allowing users to create outcome markets using standardized on-chain templates approved by validators.
The feature will be rolled out on the testnet before a later launch on the mainnet, Hyperliquid said in a Telegram announcement.
Once live, anyone will be able to offer a prediction market on the platform, subject to templates approved by validators, the company said.
The upgrade is designed to expand the number of outcome markets available on the platform by enabling users to deploy markets without requiring validator approval for each listing. Validators will instead approve standardized templates that define how markets should be structured.
Hyperliquid said validator-created “canonical markets” would continue to exist but are expected to be uncommon, with “ideally” fewer than 10 deployed each year.
To deploy a market, deployers will be required to stake 500,000 HYPE tokens. The stake can be partially or fully slashed if validators determine that a market is poorly defined, settled incorrectly, or remains unresolved for more than one week.
As with the network’s HIP-3 framework, the stake will remain locked for six months, and deployers must settle all outstanding markets before withdrawing it.
According to the company, each deployer will initially receive capacity to create 100 outcomes, equivalent to 200 outcome tokens, with plans to introduce an auction system allowing users to expand that allocation. Market creators will also be able to earn up to 50% of trading fee revenue generated by their markets.
The proposal remains preliminary and could change following community feedback.
Hyperliquid launched HIP-4 on its mainnet in May, introducing prediction markets to its blockchain. The feature generated about $100 million in trading volume during its first month.
The update comes as Hyperliquid expands its presence in decentralized finance. Earlier this month, asset manager Bitwise added HYPE to its Bitwise 10 Crypto Index ETF, and according to Bitwise, Hyperliquid generated $1.34 trillion in trading volume and $320 million in revenue during the first half of 2026.