Hyperliquid added validator-settled outcome markets for off-chain events under the HIP-4 upgrade, expanding its trading system beyond perpetual futures into prediction markets.
summary
- Hyperliquid has added off-chain outcome markets within HIP-4, allowing validators to publish and settle prediction markets within its network.
- The system reduces reliance on external Oracle services by allowing validators to vote on market posting and final settlement.
- The first off-chain market, the “YoY May CPI,” shows how Hyperliquid plans to support real-world event trading alongside perpetual futures.
Excess fluid He said New markets will be published through automated news feed software operated by auditors as part of the chain’s normal operations. The exchange said auditors will vote on which underlying markets will be published and how those markets will be settled after the event ends.
The system gives Hyperliquid’s validators a role that other prediction market platforms typically assign to a separate oracle service or internal reconciliation process. Hyperliquid said auditors will evaluate market rules, validity and market quality before publication and during settlement.
“Verifiers vote on the deployment and settlement of underlying markets based on a variety of factors, including unambiguous rules, health, and the subjective quality of the market,” the team said.
Hyperliquid uses validators to resolve events
under Hip-4 The design,market solution is done within the private Hyperliquid network. Validators act as a source for resolving real-world events, rather than sending disputes or settlement decisions to an external system.
Hyperliquid developer Yaugourt said on X“Hyperliquid has just removed the need for an external oracle in prediction markets. The validator group itself is now the oracle.” In the same post, Yagurt said Hyperliquid has made resolving real-world events an “original series function.”
The model is different from Polymarket and Kalshi. Polymarket uses the Optimistic Oracle, where users can propose and contest results through a separate protocol layer. everythingwhich operates as a regulated exchange, handles settlement through its own exchange framework under regulatory supervision.
For Hyperliquid, the “certified” designation refers to markets that have been vetted and stabilized by auditors. The auditors are examining whether the market rules are clear and whether the market meets quality standards before it becomes part of the official results market system, the exchange announcements said.
HIP-4 offers fully guaranteed prediction markets
Hyperliquid said the results markets were launched on the mainnet on May 2 through an initial release with limited features. The HIP-4 upgrade expands the exchange’s product range from perpetual futures contracts to event contracts linked to real-world outcomes.
According to Hyperliquid, these final contracts are fully guaranteed. They settle within a fixed range and do not involve leverage or liquidation. This structure separates it from perpetual futures while keeping it in the same trading environment, the exchange said.
On Monday, Hyperliquid launched its first off-chain event marketplace, titled “May CPI Year-on-Year.” According to To its trading page, the market recorded a volume of $11,268.
The first market demonstrates how the exchange plans to use HIP-4 for public events that occur outside of blockchain networks. Economic data releases, such as inflation numbers, are one category of events that traders can price in before final settlement.
Shared collateral adds a trading desk use case
It also gives the new market shape Excess fluid Users have a way to hold event and perpetual market positions in one account. A single account can use collateral shared across different types of positions on the platform.
“Sophisticated traders will be able to leverage portfolio margin and learn ways to generate alpha from these two different types of market,” said Sunny Shi, an investor at Syncracy Capital.
The structure may be appropriate for trading desks that compare capital use across independent prediction markets and derivatives venues. The Hyperliquid setup keeps the outcome markets within the same exchange system that already supports perpetual futures trading.
