Hyperliquid introduces outcome trading via HIP-4 as HYPE jumps over 10%

Hyperliquid is implementing outcome trading through its HIP-4 protocol upgrade, introducing a new derivatives primitive designed for prediction markets and bounded, options-style contracts. These "Outcomes" are fully collateralized contracts that settle within a fixed range, eliminating leverage, margin calls, and liquidation risk. The feature is currently live on the testnet and integrates with Hyperliquid’s existing portfolio margin system and HyperEVM. The development was driven by demand for prediction markets and limited-risk derivatives, aiming to expand Hyperliquid's offerings beyond traditional perpetuals. Following the announcement, the native token HYPE increased by more than 10%, continuing a weekly rally of over 40%, despite a broader market sell-off over the weekend.

(Source：Crypto Briefing)