Hyperliquid Launches Off-Chain Prediction Market Feature
Suehyeon Lee
Summary
- Hyperliquid (HYPE) said it has launched a prediction market feature based on off-chain events.
- Hyperliquid said it supports the Canonical Outcome Market feature, which is based on automated newsfeed software operated by validators.
- Hyperliquid said validators vote on whether to deploy and settle markets based on criteria including clarity of market rules, accuracy of outcomes, and market quality.
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Hyperliquid (HYPE) has launched a prediction market feature based on off-chain events.
Wu Blockchain reported on May 25 that Hyperliquid has added support for a feature called Canonical Outcome Market.
The market is created using automated newsfeed software operated by validators. As part of running nodes, validators decide whether to open and settle markets based on specific off-chain events.
Hyperliquid said validators vote on whether to deploy and settle markets based on the clarity of market rules, the accuracy of outcomes and overall market quality.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
