The tweet was deleted by the author.
But we saved everything 🙂.
Phemex showcases Hyperliquid’s HIP-4 upgrade introducing off-chain prediction contracts
Phemex highlighted the expansion of Hyperliquid, which has introduced off-chain event prediction market contracts via its HIP-4 protocol upgrade. This new feature allows users to trade and settle prediction markets using validator-based consensus without relying on external oracles, and is integrated into the same margin ecosystem as perpetual and spot trading.
Leading Forex Broker in United States
8.8/10
*Rated by real traders on Traders Union
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
Hyperliquid has launched off-chain event prediction market contracts, known as canonical outcome markets, following the HIP-4 protocol upgrade. According to information provided, these markets use validator-based automated newsfeeds to support deployment and settlement of real-world event outcomes, removing the need for external oracle services.
The update allows users to hold prediction market positions within the same margin ecosystem used for perpetual and spot trading. Settlement is currently conducted with USDH as the quote asset, with a planned transition to USDC under an upcoming system upgrade. Validator performance has increased significance since accurate settlement relies on their consensus, and trading volumes from these markets contribute new revenue streams for the protocol.
Phemex is a cryptocurrency exchange that offers spot and contract trading with a focus on a wide range of digital assets and the US dollar as its sole fiat currency. The platform features low trading fees, account options including premium membership with reduced costs, demo accounts, educational resources with crypto earning opportunities, and investment solutions. For more details, see the broker profile on Traders Union.
For additional background, our earlier news about Phemex detailed the launch of its TradFi Trading User Feedback Survey, which offered users the chance to win a $200 bonus for sharing their preferences on traditional trading pairs. You can review the details in the previous Phemex update on Traders Union here.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Subscribe to TU news
Did you like the article?
Latest Phemex News
Weekly Top Bonuses
Top News
Top 5 companies for you
United States
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
Live News
