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Hyperliquid's HIP-4 framework enables permissionless deployment of outcome exchanges, with OUT as the first live example.

Protocol Fundamentals
29 Aug 2026
Crypto news
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Neutral
pluang ai news

Hyperliquid's HIP-4 framework allows developers to create fully collateralized, permissionless outcome markets without leverage or liquidations. The first reported outcome decentralized exchange (DEX), OUT, has been deployed using this framework, marking a milestone in Hyperliquid's market offerings. While OUT's live trading status is not yet confirmed, HIP-4 contracts settle binary or multi-outcome events with fixed payouts, using Hyperliquid's on-chain order book engine, HyperCore. The framework aims to expand prediction markets beyond crypto prices, but U.S. access remains limited due to regulatory uncertainties.

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