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Hyperliquid records first HIP-4 DEX deployment
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Hyperliquid records first HIP-4 DEX deployment

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  • OUT became the first reported outcome DEX deployed through Hyperliquid’s HIP-4 framework.
  • An on-chain transaction confirms the deployment, but does not show whether OUT has opened for live trading.
  • HIP-4 supports fully collateralised YES/NO markets without leverage, funding payments or liquidations.

Hyperliquid (CRYPTO:HYPE) has recorded its first reported builder-deployed outcome DEX after OUT completed a HIP-4 deployment.

A transaction on Hyperliquid’s block explorer confirms OUT’s registration, but no live markets or trading activity were verified.

Hyperliquid’s HIP-4 framework lets approved deployers create outcome markets using templates previously approved by validators.

YES/NO contracts can settle at $1 or $0, while positions are fully collateralised and do not use leverage or liquidation.

The deployment comes as Hyperliquid develops outcome markets alongside its spot, perpetual and builder-deployed trading infrastructure.

HIP-4 first launched on testnet in February, while its first outcome contracts reached mainnet on May 2, according to the report.

Hyperliquid’s developer documentation currently labels permissionless HIP-4 deployer actions as testnet-only, so OUT should not yet be described as a confirmed permissionless mainnet launch.

At the time of reporting, Hyperliquid price was $80.22.

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