Hyperliquid: HIP-4 launches on the testnet, planning to introduce a BTC and HYPE one-day expiration binary prediction market

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Crypto World News, March 11 — Hyperliquid announced that HIP-4 is officially live on the testnet. The initial result-based markets are based on HyperCore’s mark price for periodic binary options. Users can view these markets in the “Predict” section of the testnet interface. The result contracts are fully collateralized, settled within a fixed price range, and feature nonlinear payoffs and expiration times, without involving leverage or liquidation mechanisms. Hyperliquid also stated that future plans include launching one-day expiry binary markets for BTC and HYPE. The protocol is designed to support multi-outcome markets, but this feature is not included in the initial release. Hyperliquid previously disclosed that in the next network upgrade, the investment portfolio margin will transition from pre-alpha to alpha stage. The scope will expand from test accounts to portfolios below approximately $500,000, with main accounts exceeding $5 million in trading volume able to activate portfolio margin and set supply and lending limits for each asset: 1. The total supply limit for USDH is 500 million tokens, with a total lending limit of 100 million tokens; 2. The individual user USDH supply limit is 5 million tokens, and the individual lending limit is 1 million tokens.

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