# trade[XYZ] Launches HIP-4 Event Markets

*Author: David Christopher*
*Published: Sep 10, 2026*
*Source: https://www.bankless.com/read/news/trade-xyz-launches-hip-4-event-markets*

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Leading HIP-3 deployer, trade[XYZ], officially launched Events, its HIP-4 deployment on Hyperliquid, expanding beyond its offerings from only equity perpetuals into "outcome" contracts too, equivalent to prediction markets.

## What’s the Scoop?
- **Events Go Live:** The first markets include Up/Down contracts on equities, commodities, and pre-IPO companies, alongside sports markets like picking the winner of a US Open match.
- **HIP-3 Becomes the Resolution Layer:** For its initial financial markets, trade[XYZ] is using the prices from its existing HIP-3 perpetual markets to resolve its HIP-4 contracts, rather than relying on a separate external resolution oracle. That means a market on whether SK Hynix finishes above a certain price, for example, can settle against the continuously traded [XYZ SK Hynix perp](https://docs.trade.xyz/perp-mechanics/overview).
- **Toward the Universal Exchange:** The bigger idea is to combine Hyperliquid’s growing set of primitives under one roof. As trade[XYZ] puts it, a user could eventually deposit spot BTC, borrow USDC through portfolio margin, trade a pre-IPO SpaceX perp, hedge an SK Hynix earnings event, and bet on a US Open winner from the same account. Hyperliquid’s portfolio margin already [unifies spot and perp collateral](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/portfolio-margin), while HIP-4 adds outcome markets to that stack.

> Introducing Events by trade[XYZ].With Events, we’re advancing our vision of Hyperliquid as the universal exchange—a single, composable system for trading financial assets and real-world outcomes.A user can deposit spot BTC, borrow USDC through portfolio margin, open a pre-ipo…— trade.xyz (@tradexyz) [September 10, 2026](https://x.com/tradexyz/status/2098096746064724296?ref_src=twsrc%5Etfw)