trade.xyz launches event contracts, wiring prediction markets into Hyperliquid platform

On Thursday, the prediction markets were incorporated into trade.xyz’s Hyperliquid trading platform via the launch of Events. The platform already operated one of the largest perpetual businesses on the network. Therefore, traders can now trade prices, interest rates, or scores without the need of switching to a different prediction market platform.

This is important since trade.xyz does not have to start from scratch. Coin Metrics referred to trade.xyz as Hyperliquid’s top HIP-3 developer by opportunity trading and volume, allowing Events to immediately reach an already established group of traders in cryptocurrency.

Events runs on HIP-4, not a separate venue

Events is based upon Hyperliquid Improvement Proposal 4 (HIP-4) that permits the addition of fully collateralized outcome contracts to HyperCore. trade.xyz launches the markets under the venue name txyz. Each market uses a validator-approved template, but the deployer is responsible for choosing permitted parameters and for publishing how the outcome will be resolved.

… Continue reading the full article at the original source below.