# What are HyperMarkets?

### What Can I Do on HyperMarkets?

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#### Trade

Trade on whether the market will end up higher or not at the end of the 10-minute candle and win.

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#### Resolve

Set up a bot to secure the protocol and get a share of the platform's fees.

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### Key Features

**Binary Markets:** Simple Higher/Not Higher predictions

**10-Minute Rounds:** Fast-paced trading with quick resolutions

**Virtual Liquidity:** Efficient capital utilization with virtual AMM

**Native Oracles:** HyperEVM precompiles provide trustless price feeds

**Winner-Takes-All:** Winning side splits the treasury proportionally

**Permissionless:** Anyone can participate in any market

**On-Chain Resolution:** Fully automated and transparent

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### How It Works

#### 1. Place Bet

Choose Higher or Not Higher for a Hyperliquid market

#### 2. Wait for Resolution

10-minute candle completes

#### 3. Automatic Resolution

Oracle checks price movement

#### 4. Claim Winnings

Winners split the treasury based on their holdings

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### Core Concepts

#### Binary Markets

Each market represents a Hyperliquid trading pair (e.g., BTC-USD, ETH-USD) with two sides:

**Higher 🟢** Bet that price will be higher at resolution

**Not Higher 🔴** Bet that price will be lower or equal at resolution

#### 10-Minute Rounds

* Markets resolve every 10 minutes
* Price at round start vs. price at resolution determines winner
* New round starts immediately after resolution
* Next round is open for trading after the 5-minute mark of the current round

#### Virtual Liquidity

Virtual liquidity pools enable:

* **Instant bet placement** without waiting for counterparties
* **Dynamic odds** based on pool imbalance
* **Capital efficiency** through virtual reserves

This mechanism ensures that you can always place a bet immediately, regardless of whether there are other traders on the opposite side.

#### Treasury Distribution

When a round resolves:

1. **Losing side's funds** go to the treasury
2. **Winners split the treasury** proportionally to their bet size
3. **Larger bets = larger share** of the winnings

**Example**

If you bet 100 HYPE on Higher and the total winning side bet 1,000 HYPE:

* You own 10% of the winning shares (100 ÷ 1,000)
* You receive 10% of the total treasury

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### Why HyperMarkets?

#### Fast & Simple

No complex strategies needed. Just predict: will the price go up or stay the same/down in 10 minutes?

#### Fair & Transparent

All resolutions are automated using Hyperliquid's native oracle. No human intervention, no manipulation.

#### Always Liquid

Virtual AMM ensures you can trade anytime without waiting for counterparties.

#### Earn as a Resolver

Anyone can run a resolution bot and earn 40% of trading fees for keeping the protocol secure and operational.

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### Getting Started

Ready to start trading? Check out our [Trading Guide](https://tickerterminal.gitbook.io/tickerterminal-docs/hyper-markets/hypermarkets-trading) to place your first bet, or learn how to [Set Up a Resolution Bot](https://tickerterminal.gitbook.io/tickerterminal-docs/resolution-process#setting-up-a-resolution-bot) to earn fees.

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*HyperMarkets brings the speed of DeFi to prediction markets with trustless, automated, and transparent trading.*
