Hyperliquid Unveils Plan for Permissionless Prediction Markets

Hyperliquid plans to require developers to stake 500,000 HYPE tokens, about $30.4 million, to launch permissionless prediction markets under HIP-4. The proposal sets a capital threshold and a slashing mechanism to discourage poorly defined or improperly settled markets.

Permissionless deployment will first appear on testnet, with a mainnet rollout in a future network upgrade. Validators will vote on standard outcome templates that deployers can use, and each deployer will initially be limited to 100 outcomes; the allocation is released for reuse when a market is settled.

Deployers must define and settle their markets according to the settlement criteria in each template. Stakes will remain locked for six months and may be slashed by validator vote if markets are poorly defined, incorrectly settled or left incorrectly unsettled for more than a week.

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