Trade[XYZ] debuts HIP-4 event markets on Hyperliquid, leveraging existing SK Hynix perpetual prices for settlement to create a unified ecosystem for spot, perpetual, and outcome-based trading.
trade[XYZ] launching HIP-4 event markets will use SK Hynix perp prices for settlement, potentially increasing volume on the SK Hynix perp.
Trade[XYZ] has expanded its Hyperliquid deployment with the launch of HIP-4 event markets, introducing outcome-based contracts alongside its existing equity perpetuals. By utilizing its established HIP-3 perpetual prices as the resolution layer, the platform aims to unify diverse financial primitives, including commodities and sports betting, under a single portfolio margin account.
Trade[XYZ] uses the prices from its existing HIP-3 perpetual markets to settle HIP-4 event contracts, eliminating the need for external oracles.
The goal is to build a universal exchange where users can manage spot, perpetual, and outcome-based positions within a single, unified portfolio margin account.