Hyperliquid to Test HIP-4 on Testnet, Requires 500,000 HYPE Staking for Market Deployment

PANews, July 20: Hyperliquid announced that HIP-4 will support permissionless deployment in a future network upgrade, initially on the testnet followed by the mainnet. Similar to spot and token deployment, HIP-4 technology requires thorough real-world testing in the validator deployment environment before scaling to permissionless deployment. The staking requirement for HIP-4 deployers is 500,000 HYPE. If the market definition is unclear, settlement does not comply with the template, or settlement has not occurred for over a week, the staking requirement may be slashed by validator vote. As with HIP-3, the deployer’s stake will be locked for six months. To unstake, deployers must settle all markets. HIP-4 deployers will be able to set fee splits of up to 50% on deployed markets. The fee configuration feature will be rolled out as a subsequent update.