Hyperliquid Sets Outcome Token Fees as Prediction Market Race Heats Up
Hyperliquid has published its outcome token fee model on testnet, introducing six scenarios to compete in the prediction market.Summary
Hyperliquid has announced its fee model for outcome tokens on its testnet, a move that follows HyperCore's support for HIP-4 and aims to challenge established prediction market leaders like Kalshi and Polymarket. The new framework, detailed in updated documentation, applies fees only when traders close or settle outcome positions, not when opening them. The fee logic encompasses six scenarios, with minting being free and not contributing to trading volume. Normal trades may involve fees for the maker or no fees at all, while burning trades can incur fees on either or both sides. Settlement distributes payouts based on the settlement fraction. This design aims to reduce entry costs for traders while still generating revenue upon exit. The prediction market sector is experiencing rapid growth, with April's notional trading volume reaching $27 billion, a 520% increase. Hyperliquid's entry intensifies competition, especially as platforms like Coinbase and Polymarket are also expanding their offerings in this space.
(Source：BeInCrypto)