Hyperliquid Adds Permissioned Markets in HIP-3 Testnet Upgrade
TL;DR:
- Hyperliquid deployed a preliminary HIP-3 upgrade on its testnet to integrate on-chain allowlists managed directly by developers.
- The feature functions as an optional layer, ensuring that existing decentralized markets preserve their open architecture without forced modifications.
- Deploying contracts under the HIP-3 standard maintains the operational requirement for market makers to post 500,000 HYPE tokens as collateral.
On Thursday, Hyperliquid announced the addition of permissioned markets to its decentralized platform via a preliminary HIP-3 upgrade on its testnet environment, tailored for institutional operators.
In a future network upgrade, HIP-3 will support optinal deployer configuration for permissioned markets.
This would, for example, allow U.S. investors to access certain markets, or institutional investors that have strict rules. pic.twitter.com/0Ezjtx00D5
- Hyperliquid News (@HyperliquidNews) September 3, 2026
On-chain access control for market makers
The technical proposal allows each deployer to create and manage an allowlist directly on the blockchain, or delegate administrative control to a designated sub-operator. Under this framework, administrators can restrict interaction within their order books exclusively to pre-authorized wallets.
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