Hyperliquid: HIP-4 launches on testnet, plans to launch a one-day binary prediction market for BTC and HYPE.

PANews reported on March 11 that Hyperliquid announced the official launch of HIP-4 on its testnet. The first batch of outcome markets launched are periodic binary options based on the HyperCore mark price. Users can view these markets in the "Predict" section of the testnet interface. Outcome contracts are fully collateralized, settled within a fixed price range, and feature non-linear payouts and expiration times, without leverage or liquidation mechanisms. Hyperliquid also stated that it plans to launch a one-day expiration binary market for BTC and HYPE in the future. The protocol is designed to support multi-outcome markets, but this feature is not yet included in the initial launch plan.

Hyperliquid previously disclosed that in its next network upgrade, it will transition portfolio margin from the pre-alpha stage to the alpha stage, expanding its applicability from test accounts to portfolios under approximately $500,000. Portfolio margin will only be available to main accounts with a weighted trading volume exceeding $5 million, with supply and lending caps set for each asset.

1. The total supply limit for USDH is 500 million, and the total lending limit is 100 million.

2. The maximum USDH supply per user is 5 million, and the maximum lending limit per user is 1 million.