Hyperliquid expands HIP-3 with permissioned markets

Hyperliquid has introduced a preliminary HIP-3 testnet upgrade that lets independent deployment teams control access to perpetual futures markets through deployer-managed on-chain allowlists. Summary HIP-3 deployers can choose whether to restrict access to their independently operated markets. On-chain allowlists can be managed by deployers or sub-deployers appointed by them. Existing HIP-3 markets will remain unchanged because the permissioning feature is optional. Separate talks involving Hyperliquid Labs, Payward and Bitnomial remain subject to CFTC clearance. Hyperliquid co-founder Jeffrey Yan said in a testnet proposal that deployers will be able to create permissioned markets and manage their participant lists without handing access decisions to Hyperliquid’s core development team. 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 Hyperliquid HIP-3 adds optional on-chain allowlists Under the preliminary design, a deploye...