Every Zipp story tagged #HIP4, newest first.
The 500K HYPE stake is steep on purpose: it filters for operators who can run markets like a business, while Hyperliquid's validator set retains the template rules everyone must follow.
The 500,000-HYPE stake-to-deploy model puts Hyperliquid on a direct collision course with Polymarket and Kalshi, while giving HYPE holders another demand sink tied to platform activity.
The stake-and-slash model borrows the validator-template pattern from HIP-3 and applies it to a market category Hyperliquid itself frames as larger than spot and perps combined.
The upgrade shifts template approval to existing validators, turning outcome-market deployment into a permissionless primitive rather than a core-team-gated feature.
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