Hyperliquid is promoting a new mechanism that allows users to create their own forecast market under the HIP-4 framework. This means that the platform will further extend the power to launch the forecast market to a wider range of chain participants.
Need to use an approved template
Under this arrangement, the new market cannot be defined completely, but is based on the deployment of a chain template approved by an experienced witness. This was done to minimize the problem of vague rules and unclear settlement standards while expanding the number of markets.
Deployment required pledge of 500,000 HYPEs
Users who want to launch a market need to pledge 500,000 HYPEs. This portion of the pledge may be forfeited if there is a clear problem with market design or the subsequent settlement is improperly processed.
This binding mechanism shows that the Platform wants to tie the forecast of market expansion to the sponsors ' responsibilities, rather than simply pursuing the number on the line.
Maximum 50% fee
In terms of incentives, deployments receive up to 50 per cent of the transaction fee revenue in the relevant market. At the same time, the platform allows multiple users to create the same market around the same event and there may be parallel competition between the same markets.
Overall, the focus of the update was on opening up forecast market access for more HIP-4 deployments, while controlling market quality through template audits, pledge thresholds and forfeiture mechanisms.