{"id":71947,"date":"2026-05-02T13:48:26","date_gmt":"2026-05-02T13:48:26","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hyperliquid-launches-hip-4-and-targets-polymarket-with-zero-fee-outcome-markets-bitcoin-news\/"},"modified":"2026-05-02T13:48:26","modified_gmt":"2026-05-02T13:48:26","slug":"hyperliquid-launches-hip-4-and-targets-polymarket-with-zero-fee-outcome-markets-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hyperliquid-launches-hip-4-and-targets-polymarket-with-zero-fee-outcome-markets-bitcoin-news\/","title":{"rendered":"Hyperliquid Launches HIP-4 and Targets Polymarket With Zero-Fee Outcome Markets \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>Hyperliquid launched HIP-4 Outcome Markets on mainnet May 2, 2026, with <span>BTC<\/span> daily binary contracts live and trading.<\/li>\n<li>HIP-4 charges zero fees to open positions, directly targeting Polymarket and Kalshi for onchain <span>prediction market<\/span> <span>volume<\/span>.<\/li>\n<li>Builders can deploy permissionless markets in a later phase by <span>staking<\/span> 1,000,000 HYPE, with slashable stakes burned if rules are violated.<\/li>\n<\/ul>\n<h2>Hyperliquid Pushes Into <span>Prediction Market<\/span> Space With HIP-4 Mainnet Launch<\/h2>\n<p>The new contract type is distinct from HIP-3, which launched on mainnet Oct. 13, 2025, and covers builder-deployed perpetual futures for stocks, commodities, foreign exchange, and real-world assets. HIP-4, announced Feb. 2, 2026, adds a separate primitive built for binary and multi-outcome event contracts that settle to exactly 0 or 1 at expiry.<\/p>\n<p>The distinction matters technically. HIP-3 perpetuals rely on continuous <span>oracles<\/span> with roughly 1% price deviation limits per update, a design suited for leveraged ongoing trading but incompatible with sharp, discrete events like <a href=\"https:\/\/news.bitcoin.com\/senate-democrats-urge-cftc-to-ban-sports-and-election-contracts-on-kalshi-and-polymarket\/\">election<\/a> results or macro data releases. HIP-4 uses fixed-range settlement with no ongoing funding rates and no <span>liquidation<\/span> engine.<\/p>\n<figure id=\"attachment_811116\" aria-describedby=\"caption-attachment-811116\" style=\"width:2560px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-811116\" class=\"wp-caption-text\">The first HIP-4 outcome market.<\/figcaption><\/figure>\n<p>Traders buy YES or NO tokens representing the implied probability of an event. Prices float between 0.001 and 0.999 during continuous trading and settle to a fixed outcome at expiry based on an authorized <span>oracle<\/span> source. A trader who buys YES at 0.60 USDH earns 0.40 per contract if the event occurs and loses the 0.60 entry cost if it does not.<\/p>\n<p>Positions are fully collateralized in USDH, Hyperliquid\u2019s native <span>stablecoin<\/span>, and carry no <span>liquidation<\/span> risk. That collateral structure also connects to the protocol\u2019s fee flywheel: settlement demand drives USDH usage, which feeds HYPE buybacks through the existing protocol mechanics.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-811125 size-full\" title=\"Hyperliquid Launches HIP-4 and Targets Polymarket With Zero-Fee Outcome Markets\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/screenshot-2026-05-02-at-7-35-13-am_nwmk.png\" alt=\"Hyperliquid Launches HIP-4 and Targets Polymarket With Zero-Fee Outcome Markets\" width=\"1418\" height=\"1000\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/screenshot-2026-05-02-at-7-35-13-am_nwmk-300x212.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/screenshot-2026-05-02-at-7-35-13-am_nwmk-1024x722.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/screenshot-2026-05-02-at-7-35-13-am_nwmk-768x542.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/screenshot-2026-05-02-at-7-35-13-am_nwmk.png 1418w\" sizes=\"auto, (max-width: 1418px) 100vw, 1418px\"\/><\/p>\n<p>The fee model is designed to attract <span>volume<\/span> away from Polymarket and Kalshi. Opening or minting an outcome position carries no fee. Fees apply only when closing, burning, or settling a position. Makers on outcome orders who would normally receive rebates instead pay zero. Staking-aligned discounts, including a potential 20% taker fee reduction, still apply.<\/p>\n<p>Initial markets are curated and validator-deployed. The <a href=\"https:\/\/markets.stratium.xyz\/markets\/hip4\" target=\"_blank\" rel=\"noopener noreferrer\">first live contracts<\/a> cover recurring daily <span>BTC price<\/span> threshold events that reset at 2 a.m. Categories planned for expansion include politics, sports, macro data releases, <span>crypto<\/span> events, and entertainment.<\/p>\n<p>Builders who want to deploy their own outcome markets must <span>stake<\/span> 1,000,000 HYPE per slot. That <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stake<\/a> is slashable and burned if validators determine the deployer manipulated an <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-an-oracle\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">oracle<\/a>, introduced invalid state transitions, or caused prolonged downtime. One staked slot supports rolling and recurring markets, recycling after settlement.<\/p>\n<p>Each market opens with a roughly 15-minute single-price clearing auction. Users submit limit orders during the auction period; no execution occurs until the auction clears at the price that maximizes matched <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a>. Unfilled orders roll into continuous trading on the same central limit order book powering Hypercore spot and <a href=\"https:\/\/news.bitcoin.com\/glassnode-hyperliquid-whales-long-positions-two-months\/\">perpetual<\/a> markets.<\/p>\n<p>The architecture runs natively inside Hypercore, sharing the same matching engine, order types, and approximately 200,000 orders-per-second throughput as all other Hyperliquid markets. Outcome positions sit inside the same wallet as a trader\u2019s perps and spot holdings and factor into unified portfolio margin.<\/p>\n<p>Frontends already integrating HIP-4 include Outcomexyz and Stratium, an aggregator that places outcome markets alongside HIP-3 perpetuals in one interface. Dedicated tracking dashboards, including the <a href=\"https:\/\/loris.tools\" target=\"_blank\" rel=\"noopener noreferrer\">loris.tools<\/a> suite, are expected to add HIP-4 data soon.<\/p>\n<p>Permissionless builder deployment, mirroring HIP-3\u2019s phased rollout, follows once the canonical market phase stabilizes. <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Volume<\/a> and open interest from outcome markets count toward protocol-wide fee tiers, meaning active <a href=\"https:\/\/news.bitcoin.com\/prediction-market-leader-polymarket-deploys-chainalysis-security-tools\/\">prediction market<\/a> traders can qualify for lower rates on perpetuals through the same unified account.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/hyperliquid-launches-hip-4-and-targets-polymarket-with-zero-fee-outcome-markets\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Hyperliquid launched HIP-4 Outcome Markets on mainnet May 2, 2026, with BTC daily binary contracts live and trading. HIP-4 charges zero fees to open positions, directly targeting Polymarket and Kalshi for onchain prediction market volume. Builders can deploy permissionless markets in a later phase by staking [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":71948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71947"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71947"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71948"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}