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Hyperliquid (HYPE) news: HIP-4 proposal will add outcome-based trading to platform

Hyperliquid's HIP-4 upgrade launches outcome trading with fully collateralized contracts first on testnet, expanding beyond perpetual futures to prediction markets and options derivatives.

  • On February 3, 2026, Hyperliquid unveiled HIP-4 to add `Outcome` trading, launching the feature on Hypercore testnet with mainnet to follow.
  • After HIP-3 unlocked permissionless markets hitting $1 billion open interest and $4.8 billion volume, the Hyperliquid team said extensive user demand prompted HIP-4.
  • Outcomes are structured as fully collateralized contracts that settle within a fixed price range, adding dated markets and non-linear payoffs for prediction markets and options-style derivatives while avoiding margin trading.
  • Market response pushed HYPE higher, reflecting trader interest as the HIP-4 announcement sent HYPE 10% higher in 24 hours, bucking bitcoin's downward trend.
  • Positioning Hyperliquid to compete, HIP-4 could attract new market creation and liquidity, building on HYPE's traction after permissionless markets allowed listings via staking 500,000 HYPE tokens.
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Coin Desk broke the news in Manila, Philippines on Monday, February 2, 2026.
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