Hyperliquid Tests Permissioned Markets with New HIP-3 Upgrade
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. The optional permissioning feature allows HIP-3 deployers to choose whether to restrict access to their independently operated markets, with existing markets remaining unchanged.
According to Hyperliquid co-founder Jeffrey Yan, the upgrade supports optinal deployer configuration for permissioned markets, which could be used to limit participation based on specific requirements such as business model, legal obligations, or internal policies. The feature is designed to extend the tools available to independent operators rather than transferring market control to Hyperliquid.
The testnet release does not change existing markets automatically and is subject to feedback from developers before any production release. Hyperliquid has emphasized its role as a neutral infrastructure provider, with deployment teams remaining responsible for their products and access rules.