Hyperliquid's HYPE higher by 10% on plans to add prediction markets and options

Hyperliquid's native token, HYPE, increased by 10% in 24 hours after the decentralized exchange announced HIP-4, a proposal to integrate "outcome" trading. This new contract type will support prediction markets and options-style derivatives, features that the team noted were highly requested by users. Outcomes are described as fully collateralized contracts that settle at a fixed price within a defined range, introducing dated markets and non-linear payoffs to Hyperliquid, which previously focused on perpetual futures. Crucially, outcomes do not involve margin trading or the risk of liquidations associated with traditional leveraged derivatives. The outcome trading feature will first launch on the testnet, followed by mainnet deployment after technical completion, starting with curated markets before potentially allowing permissionless listings based on user feedback. This news follows a recent surge in HYPE's value, which has gained 33% over the past month, partly due to the success of its permissionless markets that require staking 500,000 HYPE tokens to create new markets.

(Source：CoinDesk)