Hyperliquid announced the official launch of HIP-4 on the testnet on March 11, introducing the first batch of cyclical binary options markets based on HyperCore's spot prices. The contract is fully collateralized, featuring nonlinear payoffs and expiration characteristics. Future plans include launching one-day expiration markets for BTC and HYPE, as well as multi-outcome markets. The network upgrade will expand the scope of portfolio margin applicability and set limits on the supply and lending of USDH.

Hyperliquid announced on the X platform that HyperCore will support "Outcome Trading," a fully collateralized contract suitable for prediction markets and options-like instruments. This trading format requires no leverage or liquidation and will be developed on the testnet. Standardized markets will be gradually opened and priced in USDH upon completion.

Golden Finance reports that Native Markets, which won the USDH issuance bid, has announced that USDH has been upgraded to an aligned quote asset. Users trading with USDH enjoy low fees and high rebates, and the volume can also increase the rate tier.