Zag net that HYPE is moving after the HIP-4 proposal. The token increased today by about 10%, and it’s about new features they want to add to the platform. They are working on outcome contracts, so basically new types of derivatives that enable prediction markets and options-like products.

The interesting part is that these derivatives are fully collateralized and have no margin trading or liquidation risks. They are initially launching on the testnet with a selected set of markets, and then they will look into permissionless listings. This approach is similar to what they previously did with their permissionless futures, which turned out well.

HYPE has already risen significantly over the past month by approximately 12%. Many users have requested these derivatives, so the team hopes this will bring more volume to the platform. According to the latest data, HYPE is at $43.25, so we’ll see if this momentum continues as they start testing these new features.