HIP-4 Markets
Stratium operates a binary options frontend on Hyperliquid's HIP-4 infrastructure, live on mainnet at markets.stratium.xyz.
What is HIP-4
HIP-4 extends Hyperliquid beyond perpetual futures into outcome-based instruments. Where HIP-3 markets run continuously with no expiry and use funding rates to anchor price, HIP-4 contracts settle to a fixed outcome at a defined time.
HIP-4 launched on Hyperliquid mainnet on May 2, 2026. Stratium was one of the launch frontends alongside Outcomexyz.
Key properties:
Fully collateralized in USDH
Positions settle to 0 or 1 at expiry
Zero fees to open or mint positions
No leverage, no liquidation
Runs natively on HyperCore (same matching engine as perps, ~200,000 orders per second)
Same unified account as spot and perpetuals
How It Works
A binary option is a contract that asks a yes/no question about a future price level at a specific time. For example: "Will BTC be above $78,213 at 06:00 UTC on May 3?"
If yes, the YES token pays out $1 USDH. The NO token pays $0.
If no, the NO token pays out $1 USDH. The YES token pays $0.
YES and NO tokens always sum to $1. You can buy either side at market price through the orderbook. If YES trades at $0.62, the market prices a 62% probability that the condition will be met.
Trading on Stratium
At markets.stratium.xyz, the interface provides:
Market and limit orders on the HIP-4 orderbook
Real-time price charts
Full position and P&L tracking
Portfolio view across all open positions
Leaderboard tracking trader performance
Connect your wallet and trade directly. Your existing Hyperliquid balance works. No additional deposits required.
Market Types
HIP-4 native markets. Binary contracts on HyperCore L1, created and settled by Hyperliquid. The first live markets are BTC daily binary contracts. These use Hyperliquid's own mark price as the settlement oracle.
EVM custom markets. Binary YES/NO markets and speed markets (15-minute expiry) on BTC, ETH, SOL deployed on HyperEVM. Powered by Pyth Network oracles. Gasless after initial wallet setup.
How HIP-4 Differs from HIP-3
Expiry
No expiry
Fixed settlement time
Payoff
Linear (continuous P&L)
Binary (0 or 1)
Leverage
Yes (configurable per market)
No leverage
Liquidation
Yes
No liquidation
Funding
Hourly funding rate
None
Collateral
USDC
USDH
Fees
Standard Hyperliquid schedule
Zero to open
Terminology
Stratium frames HIP-4 instruments as binary options. The underlying instrument design is identical to what other platforms call prediction markets or outcome contracts. The framing reflects Stratium's positioning as a structured derivatives protocol rather than a prediction marketplace.
Builder Deployment
Permissionless HIP-4 builder deployment follows the canonical market phase. Builders will stake 500,000 HYPE to deploy outcome markets. Stakes are slashable. Each slot supports rolling and recurring markets and can be recycled after settlement.
Last updated