Woofun AI reports that Hyperliquid plans to introduce HIP-4 (Outcome Markets) via a future network upgrade, starting with a testnet rollout before mainnet deployment. The protocol aims to expand tradable event scope beyond spot and perpetuals by allowing permissionless deployment, though validators will vote on approved market templates to ensure stability. Deployers must stake 500,000 HYPE tokens for a six-month period, facing potential confiscation if settlement rules are violated or outcomes are not finalized within one week. Initially, each deployer can create 100 outcomes, with an auction mechanism planned for future quota expansion.

Additionally, HIP-4 allows deployers to configure fee sharing up to 50%, while official validator-deployed markets will be limited to fewer than 10 annually. Hyperliquid notes this remains a preliminary plan subject to community feedback and further documentation updates.