HyperliquidX Says It Now Supports Canonical Outcome Markets Based on Offchain Events
According to Hyperliquid, HIP-4 adds validator-settled offchain outcome markets published through validator-run newsfeed software, extending the platform beyond perpetual futures into prediction markets.
Hyperliquid said its HIP-4 upgrade now supports canonical outcome markets tied to offchain events through validator-based settlement, expanding the platform beyond perpetual futures into prediction markets. According to the report, these markets are published via automated newsfeed software run by validators as part of the network’s normal operations, rather than relying on third-party oracle systems. Hyperliquid previously said the system uses USDC liquidity and includes a U.S. CPI market for the May 2026 year-over-year Consumer Price Index reading, scheduled to settle on June 10. The existing report also states that 24 validators produce Hyperliquid L1 blocks in under a second and secure $3 billion in liquidity, while HIP-4 prediction markets launched on May 2 and had processed 1 million trades with around 500 traders.
- HIP 4 outcome contracts: A Hyperliquid contract format tied to the result of a specific event, including offchain outcome markets resolved through the platform’s validator-based system.
- Validators: Network participants that verify protocol activity and, in Hyperliquid’s HIP-4 design, vote on the deployment and settlement of outcome markets.
- Fully collateralized: A trading structure in which users post the full backing for positions, reducing reliance on leverage and avoiding liquidation mechanics.