Hyperliquid: HIP-4 will be rolled out on the testnet first. By staking 500k HYPE, you can deploy a market and set a fee sharing of up to 50%.

PANews July 20, 2026, Hyperliquid said that HIP-4 will support permissionless deployment in future network upgrades, first on the testnet and then on the mainnet. As with spot and trading token deployments, before HIP-4 technology can be extended to permissionless deployment, it needs to undergo extensive hands-on testing in the validator deployment environment. The staking requirement for HIP-4 deployers is 500k HYPE. If market definitions are unclear, settlement does not comply with template requirements, or settlement has not occurred within more than a week, the staking requirement will be deducted by a validator vote. As with HIP-3, the deployer’s stake will be locked for 6 months. To unlock the stake, deployers must settle all markets. HIP-4 deployers will be able to set a fee split of up to 50% in already deployed markets. The fee configuration feature will also be rolled out as a subsequent feature. Only AQAv2 quote tokens are eligible to participate in HIP-4. Hyperliquid emphasized that all the above specifications are preliminary and may be changed based on feedback. After the permissionless deployment feature goes live on the testnet and the documentation is updated, an official announcement will be released.