Docs

How Slate works

Slate sits on top of Hyperliquid HIP-4 outcome markets. You read the question, take a side, and the market settles on-chain. No order tickets to manage, no wallet pop-up on every trade.

Outcome shares

Every question resolves to Yes or No. You buy shares of a side; each share pays $1 if that side is right and $0if it isn’t. A share’s price sits between $0 and $1, and that price is the market’s implied probability, which Slate shows as a percentage. A side trading at $0.60 is the market saying it’s about 60% likely.

Sign in

Use an email or an existing wallet. Either way, Slate provisions a secure embedded wallet behind the scenes that acts as your trading agenton Hyperliquid. It can place takes on your behalf, so there’s no signing pop-up per trade, but it can never withdraw your funds. More on that in Safety & your funds.

Fund

• Add USDC with Apple Pay, card, or bank. It arrives on Arbitrum, ready to move in.
• One tap moves it onto Hyperliquid, where it’s ready to take. Network fees are covered for you, so you never need to hold a separate gas token.

Take

Pick a side and a size. Slate shows exactly what you pay and what you collect if you’re right, before anything is committed. A swipe sends it. The agent signs and routes the order at the current market price, so the fill lands without a confirmation pop-up.

A worked example

Say a question’s Yes side is trading at 60% and you take $6 of Yes. That buys you 10 shares (roughly $0.60 each). Slate shows the cost up front, including the small builder fee.

• If the answer turns out Yes, each share pays $1, so 10 shares return $10.
• If it turns out No, the shares pay $0 and the $6 take is not returned.

Your most you can lose on a take is what you put in. There’s no leverage and no liquidation, so a position can’t cost you more than you committed to it.

Resolution

When the real-world outcome is known, Hyperliquid settles the market on-chain and winning shares pay out in USDC, ready to withdraw or take again. Slate keeps resolved questions on the record so you can see how a read played out. How that decision is made is covered next.