Hyperliquid's HYPE higher by 10% on plans to add prediction markets and options

Core Insights - Hyperliquid's token, HYPE, increased by 10% in the last 24 hours following the announcement of HIP-4, a proposal to introduce "outcome" trading to its platform [1] - The new contract type will support prediction markets and options-style derivatives, which have been in high demand from users [1] - HYPE has seen a 33% increase over the past month, driven by the success of the exchange's permissionless markets [4] Group 1 - Outcome trading will be fully collateralized contracts that settle at a fixed price within a specified range, introducing dated markets and non-linear payoffs to Hyperliquid's system [2] - Unlike traditional leveraged derivatives, outcome contracts do not require margin trading or risk liquidations [2] - The launch of outcome trading will first occur on testnet, with mainnet deployment to follow after technical development is complete [3] Group 2 - Hyperliquid plans to start with a curated set of markets for outcome trading before potentially allowing permissionless listings based on user feedback [3] - The exchange's permissionless markets have allowed users to create markets on various assets by staking 500,000 HYPE tokens, leading to record highs [4]