DeFi· ★★★· neutral·

Hyperliquid integrates outcome contracts into trading accounts via HIP-4

  • —HIP-4 contracts are collateralized and settled in USDC in the same margin account as perps
  • —Outcome contracts are fully collateralized, with no leverage or liquidation
  • —Per SEC filings, HIP-4 launched in limited mainnet in May 2026
  • —Polymarket launched perpetual futures with up to 20x leverage on September 3, 2026
Why it matters: Hyperliquid is merging prediction markets and derivatives into one account, intensifying competition with Polymarket for liquidity and event coverage.
Source: TokenPost