5 Feb 2026: What's New in DeFi?
1) Hyperliquid unveiled HIP-4, a proposal to add general-purpose “outcome trading” to its platform.
The upgrade introduces a new class of fully collateralised outcome contracts, which have dated expiries with non-linear payoffs using fully-collateralised event markets.
Outcome trading will debut on testnet, initially with a tailored set of markets, before potentially moving to permissionless listings if user feedback is positive.
The feature will settle in Hyperliquid’s USDH stablecoin and run on HyperCore, the exchange’s high-performance execution engine.
2) Jupiter, Solana’s largest decentralised exchange (DEX) aggregator, is bringing Polymarket to the network via a new in-app integration that embeds prediction markets directly into its trading interface.
In a post on X on Feb 1, Jupiter said it has launched a built-in “Prediction” feature, allowing users to trade Polymarket contracts without leaving the Jupiter app.
“Integrating Polymarket is primed for making Jupiter the most innovative predictions platform on Solana,” the exchange said, positioning Jupiter as a hub for prediction markets on Solana by combining its existing trading interface with Polymarket’s event-based markets, which are now accessible directly within the Jupiter app.
3) Aave Labs is scrapping the Avara umbrella and shutting down the Family wallet as it narrows its focus back to its core DeFi business.
Side projects that sat under Avara, including Lens, are now being set aside and not being treated as part of its core business, with future products and apps returning to the Aave Labs name.
The Latest Listings - PENGUIN
Nietzschean Penguin (PENGUIN) is a Solana-based SPL token that is positioned principally as a community- and culture-led digital asset.
The project’s published materials indicate that it is driven by community participation and narrative momentum, and explicitly notes the absence of both a formal roadmap and any guaranteed utility.
The principal drivers of market participation are expected to be community engagement, narrative traction and liquidity conditions, as opposed to observable progress in product feature delivery or protocol upgrades.
As a standard Solana SPL asset, PENGUIN benefits from high-throughput settlement and comparatively low transaction costs, with issuance and transfers handled through Solana’s native token programme rather than bespoke smart-contract logic.
Trading activity is therefore expressed primarily through venue liquidity: on-chain via Solana-based liquidity pools and off-chain via centralised exchange order books, where pairs are commonly quoted against USDT.
Bybit has a new spot trading pair PENGUIN/USDT, listed on Jan 31, 2026
