HIP-4 Outcome Trading

HIP-4 outcome trading is Hyperliquid's prediction market feature that lets you buy YES or NO positions on real-world events — similar to Polymarket, but running on Hyperliquid's L1 infrastructure.

How Do Hyperliquid Outcome Markets Work?

Each outcome market poses a question about a future event (e.g., "Will BTC hit $150k by June?"). You buy YES or NO positions at prices that represent implied probabilities — a price of 0.65 means the market assigns a 65% probability to that outcome. When the event resolves, winning positions pay out and losing positions expire worthless.

How Does Hyperliquid Compare to Polymarket?

Feature
HIP-4 Outcomes (Hyperliquid)
Polymarket

Collateral

USDH (Hyperliquid's stablecoin)

USDC.e on Polygon

Leverage

None (fully collateralized)

None

Max loss

Limited to your investment amount

Limited to your investment amount

Infrastructure

Hyperliquid L1 (sub-second finality)

Polygon

How to Trade Outcomes on Hyperliquid with Auto

How to Browse Available Outcome Markets

"Show me Hyperliquid outcome markets"

"What prediction markets are on Hyperliquid?"

How to Check Outcome Prices and Probabilities

"What are the odds on the BTC outcome market?"

How to Buy a YES or NO Position

Auto handles USDH acquisition and order placement in one command. Minimum order size is 20 contracts (approximately $10 USDH).

"Buy 50 YES on the BTC $150k outcome"

"Buy NO on the HYPE outcome market"

How to Close an Outcome Position

"Close my YES position on the BTC outcome"

How to Check Your Outcome Positions

"Show my outcome positions on Hyperliquid"

What Is USDH and How Does Auto Handle It?

USDH is Hyperliquid's native stablecoin used exclusively for outcome trading — not USDC. Auto converts USDC to USDH automatically when you place an outcome trade:

  1. Transfers USDC from your perp balance to spot

  2. Swaps USDC → USDH on the spot market

  3. Places your outcome order with USDH

You specify what you want to buy; Auto handles the USDH conversion behind the scenes.

What Outcome Markets Are Currently Available?

HIP-4 outcome trading is an actively evolving feature on Hyperliquid. Market availability changes as events launch and resolve. Some markets recur (like daily price targets), while others are one-time events tied to specific dates or milestones.

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