Hyperliquid unveils HIP-3* as optional layer for permissioned markets

Hyperliquid is preparing HIP-3*, an optional set of deployer features that will add support for permissioned markets on top of its existing HIP-3 framework through deployer-controlled onchain allowlists, co-founder Jeffrey Yan said Thursday. The allowlists will be managed by the deployer or its sub-deployers, giving them an additional way to configure access to their markets. HIP-3 is a Hyperliquid protocol upgrade that makes the creation of perpetual futures markets permissionless, allowing independent builders to deploy markets directly on HyperCore without approval from the core team. Deployers control market parameters including the assets, oracles, leverage limits and fee structures, while taking responsibility for operating and settling their markets. HIP-3* will not change existing HIP-3 deployments. The functionality is strictly additive and will only be activated by deployers that need the additional access-control capabilities, according to Yan. The initial HIP-3* release is currently available on testnet, where the specifications remain preliminary and could change based on feedback. The Hyperliquid CEO said the upgrade is intended to give independent market operators mo...