Permissionless track · Hyperliquid Testnet

Launch your
own market.

HIP-4 Standard mode exposes a permissionless outcome-deployer path on testnet. The deployer signs the protocol action; a frontend can validate and explain it without taking custody of the key.

Testnet status: this is not a claim that permissionless mainnet deployment is live. Testnet funds have no monetary value.
Observed flow

Five steps from wallet to venue.

  1. Stake 100 HYPE

    Delegate the required stake to a validator so the account becomes eligible for outcome-deployer activation.

  2. Activate once

    Sign the one-time activateOutcomeDeployer action from the deployer wallet.

  3. Choose the venue identity

    Select a unique, permanent, lowercase venue name between two and four characters. Treat it as immutable public identity.

  4. Configure a supported template

    Standard mode uses template-constrained markets. A binary price market needs a valid production perp, threshold, expiry, tick size, and unambiguous settlement metadata.

  5. Sign and submit

    Review the exact payload, sign it in the wallet, and submit the action. The current observed limits are 10 active markets and 50 launches per day.

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