Hyperliquid Introduces HIP-3* Allowlists for Market Restriction

Hyperliquid, an on-chain derivatives exchange, has introduced a new feature called HIP-3* that allows deployers to restrict access to their markets using wallet allowlists. This optional extension is available only on testnet and does not alter existing markets or protocols.

The HIP-3 framework is used for perpetual markets deployed by independent builders, and the new allowlist feature enables market deployers to decide which wallets can trade on their venue without imposing the same access policy across Hyperliquid. The feature is designed to give firms with customer or jurisdiction restrictions a technical way to build gated perpetual markets.

The HIP-3* tools include five defined actions that a deployer can perform for a user, such as adding or removing allowlist approval, cancelling specified resting orders, and moving collateral to another account on the same venue. Each power is limited by the venue boundary, ensuring that the tools are strictly additive and do not shift responsibility for restricted venues to Hyperliquid.