HIP-4: How to Trade
Getting Started
Go to markets.stratium.xyz
Connect your wallet
You're ready to trade. Your existing Hyperliquid balance works. No additional deposits.
Placing a Trade
Browse markets. The markets page shows all available HIP-4 outcome contracts. Each market states the question, settlement time, and current YES/NO prices.
Choose your side. If you believe BTC will be above the strike at settlement, buy YES. If you believe it won't, buy NO. YES + NO always sum to $1 USDC.
Order types. Market orders execute immediately at the best available price. Limit orders sit on the orderbook until filled or cancelled.
Position sizing. Each YES or NO token costs between $0 and $1 USDC. Your maximum loss is what you pay for the token. Your maximum gain is $1 minus what you paid. No leverage. No liquidation. No margin calls.
Managing Positions
The Portfolio page at markets.stratium.xyz/portfolio shows all open positions, unrealized P&L, and settlement status.
You can close positions before settlement by selling your YES or NO tokens back on the orderbook at the current market price.
Settlement
At the settlement time, the resolution source determines the outcome. If BTC is above the strike price, YES tokens pay $1 USDC each. NO tokens pay $0. If BTC is below, the reverse.
Settlement is automatic. USDC is credited to your Hyperliquid account.
Fees
HIP-4 charges zero fees to open or mint positions. Fees apply only on close or settlement, following Hyperliquid's standard schedule.
Leaderboard
The leaderboard at markets.stratium.xyz/leaderboard tracks trader performance across HIP-4 markets.
Tips
The YES price reflects the market's implied probability. A YES at $0.75 means the market prices a 75% chance of the condition being met.
You can trade both sides. Buy YES and later sell it if the price moves in your favor before settlement.
Positions are denominated and settled in USDC. Ensure you have USDC in your Hyperliquid account.
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