Hyperliquid announced plans to open a non-licensed forecast market deployment through the upcoming HIP-4 upgrade. The new mechanism will test the online line and then move on to the main network. By that time, the developer will be able to launch the forecast market on the basis of the approved template without having to wait for approval by agreement on a case-by-case basis.
We'll open the template first.
According to the Hyperliquid design, the certificationer will approve the standardized market template first. The developers can then directly call these templates to create a market without having to apply for a separate review for each new market.
The agreement indicates that, in the real world, the number of events that can be used to predict markets is much greater than the range of assets that can be covered by spot or durable contracts, and thus open deployments can help to expand the supply of products.
Deployment of 500,000 hypes required
Under the new rules, the developer will need a prefix pledge of 500,000 HYPEs to go online on a HIP-4 market, with a lock term of six months. This portion of the pledge may be forfeited if the market definition is unclear, the settlement is wrong or the settlement is still outstanding for more than a week.
Developers also need to complete the settlement of all active markets before extracting pledges. A maximum of 100 outcomes could be created for each deployment initially, corresponding to 200 outcomings. Hyperliquid stated that the subsequent version could raise the cap through the auction mechanism.
Maximum 50 per cent fee
Hyperliquid also plans to open its share of the fees to market deployers. The eligible forecast market creators receive up to 50 per cent of the relevant transaction fees. This means that the agreement wants to provide a more direct incentive to the development of new markets.
Only AQAv2 Quote token is supported in the early start of the function. Part of the functionality, including the self-defined fees, will be left for subsequent upgrading.
Increase in the use of HYPE
This upgrade may also change the flow structure of the HYPE. As each deployment requires the targeting of 500,000 HYPEs, the number of currency in circulation may gradually decrease if the market is projected to increase.
Hyperliquid had previously disclosed that the cumulative income from the agreement had exceeded $1 billion and that 97 to 99 per cent of the protocol fees would be automatically used for the repurchase of the HYPE through the Assistance Fund. With this new pledge threshold, the use of hype in the protocol was further expanded.