Resolution
Resolution sources and settlement methodologies for Events.
Resolution has two distinct stages. First, the market’s published methodology determines the result from its declared data source. Second, the txyz outcome deployer or an authorized settlement sub-deployer submits that result to HyperCore, which applies the settlement onchain. A data source does not settle the market by itself.
The terms displayed for a particular market govern if they differ from the general methodologies below.
Up/Down markets
Daily markets
Daily Up/Down markets resolve using a five-minute time-weighted average price, or TWAP, of the corresponding xyz HIP-3 market or Hyperliquid perpetual market ending at the designated resolution time. Hyperliquid candle data for that market is the declared data source.
The five-minute window reduces the effect of a single trade or short-lived price movement immediately before resolution.
Resolution calculation
Retrieve the five closed one-minute candles immediately preceding the resolution time from Hyperliquid’s candle endpoint. The fifth candle must close at the market’s designated resolution time.
For each candle, calculate its price:
(high + low + close) / 3.Take the arithmetic mean of the five prices:
resolution_price = (P1 + P2 + P3 + P4 + P5) / 5.
Because every candle represents an equal one-minute interval, this calculation produces the specified five-minute average.
For a binaryPrice4 market, Yes wins when resolution_price is strictly greater than the market’s strike. If the values are equal, or if resolution_price is below the strike, No wins. A Yes result is submitted as settleFraction = 1 and a No result is submitted as settleFraction = 0. The applicable market template and displayed terms determine if another comparison or fractional treatment is specified.
Example
For a market resolving at 2026-08-19T00:00:00Z against xyz:SKHY:
The five prices were 153.7000, 153.5433, 153.4533, 153.4600, and 153.4233:
153.516 = (153.7000 + 153.5433 + 153.4533 + 153.4600 + 153.4233) / 5
Resolution times
Resolution times are generally aligned with the main trading session for the referenced equity market. For example, an S&P 500 Daily Up/Down market may use the five-minute TWAP of xyz:SP500 ending at 4:00 p.m. Eastern Time.
The market terms identify the reference market and exact resolution time.
Weekend markets
Weekend markets can use separate strike and resolution windows. For example, a market referencing xyz:SPCX may establish its strike from the five one-minute candles ending at 4:00 p.m. Eastern Time on Friday and resolve from the five one-minute candles ending at 9:35 a.m. Eastern Time on Monday. Equivalent local-session times apply to other referenced markets.
Sports markets
Initial sports markets use ESPN as the declared result source unless the applicable market terms state otherwise. The corresponding Hyperliquid market template and the market-specific terms define the treatment of a win, tie, postponement, cancellation, correction, or other exceptional result.
A result obtained from the declared source is translated into the settlement value required by the market terms and then submitted onchain by the outcome deployer or a sub-deployer authorized for the applicable settlement action. Delays, source corrections, and ambiguous outcomes may delay settlement. See Events Risks and Disclaimers.
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