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Tesh
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Guys help I was getting drained. My $MEGA is gone.
mega.etherscan.io/tx/0xccad55580…
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Episode 4 of the Whiteboard series is now live on YouTube.
This video covers everything you need to know about ranges.
Likes and RTs are appreciated!
youtube.com/watch?v=v2CY0W…

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Tesh retweetledi

What is HIP-4
Most of the coverage has been price talk. $HYPE up 40%. Record volume. Polymarket killer. That’s not what this post is about.
This is about the mechanics.
HIP-3 first.
October 2025, Hyperliquid activated HIP-3. Any builder who stakes 500,000 $HYPE can deploy their own perpetual futures market directly on HyperCore. trade.xyz came in, listed tokenized stocks and commodities, and now holds over 90% of HIP-3 open interest.
Total OI across builder-deployed markets crossed $1.43 billion. 23 of the top 30 trading pairs on the platform are now tokenized equities and commodities.
That’s the baseline HIP-4 builds on it.
What HIP-4 actually is.
Outcome contracts. Binary instruments. Fully collateralized, no leverage, no liquidations.
Each market has two tokens,YES and NO. If the event resolves true, YES settles at 1, NO settles at 0. The price of YES at any point is the market’s implied probability of the event happening.
Completely obliterating leverage .
How a market runs.
Builder stakes 1 million $HYPE slashable and deploys a market into a slot.
Market opens with a 15-minute auction. No orders execute during this window.
Users submit bids, the engine finds the price that maximizes matched volume, everything matched fills at that single clearing price, unmatched orders roll into continuous trading at their original limits.
After that it’s a standard orderbook. Limit and market orders. Price-time priority.
When it resolves, the slot recycles. Same 1M $HYPE commitment runs the next market.
The fee structure.
Zero fees to open Unified margin across spot, perps, and outcome contracts in one account. @Polymarket charges up to 2% on winners. That gap matters at volume.
What can be traded.
Anything with a binary outcome and a verifiable settlement source. Crypto prices, macro data, elections, sports, governance proposals. The first market on mainnet was a daily $BTC price prediction. Day one volume: $6.2 million.
Why the infrastructure matters.
Outcome contracts on HyperCore use the same API as every other @HyperliquidX market. Same orderbook infrastructure, same margin system, same execution engine. Builders don’t need a separate stack to deploy here.
Prediction markets as a native primitive not a separate product sitting beside the DEX, but part of the same execution layer as spot and perps.
Where this goes.
HIP-3 proved builders will come if the infrastructure is serious. HIP-4 opens a different design space entirely, event-driven markets on the same chain that already handles equities, commodities, and crypto derivatives.
One execution layer. Everything composable.
The surface area just got a lot bigger.

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Streaming is fun again.
9am EST we are BACK
> Zec && Ton going parabolic, alt season?
> Why I think IWM catches up to S&P
> Interview with the ON THE STREET real time prediction markets @crshmarket
I’m very excited to yap tomorrow
Live on X, Kick, and YouTube!

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📈 The Biggest Names in Crypto VC Have $9.975B Ready to Deploy in 2026
@foundersfund — $6B
@a16zcrypto— $2.2B
@HaunVentures — $1B
@dragonfly_xyz — $650M
@paraficapital — $125M
Which sector gets the biggest slice?

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