HIP-4: Making All Markets Hyperliquid
The upcoming Hyperliquid Improvement Proposal (HIP-4) represents a massive leap in decentralizing market creation and liquidity scaling.
The Vision
HIP-4 aims to eliminate the friction of centralized market listings by allowing the protocol to scale to thousands—or even tens of thousands—of permissionless markets while maintaining sub-second finality.
Core Pillars of HIP-4
Permissionless Listings
Users and builders can initiate new markets without waiting for core team approval, backed by native protocol liquidity.
Isolated Margin for New Assets
Enhanced risk management for long-tail assets to protect the overall health of the L1 CLOB.
Enhanced HLP Utility
The Hyperliquid Liquidity Provider (HLP) vaults will gain expanded roles in supporting these new markets.
Gas Efficiency
Optimizations to ensure that the influx of new markets does not degrade the sub-second finality performance.
Community Impact
This proposal is the culmination of months of research into decentralized orderbooks. It essentially turns Hyperliquid into a self-scaling liquidity layer for any asset, from major blue-chips to long-tail meme tokens.