Key Takeaways
- HIP-3* adds optional wallet-level market access.
- Existing HIP-3 markets remain open.
- Deployers manage approved wallets on-chain.
- An allowlist is not regulatory approval.
- The first version remains on testnet.
HIP-3* does not close Hyperliquid’s existing markets
“Permissioned markets” can sound like a plan to restrict Hyperliquid itself. HIP-3* is more limited. It gives the operator of one perpetual market the option to restrict that market to approved wallets, without applying the same rule to every venue on the protocol.
Under HIP-3’s existing design, qualified third parties can deploy perpetual venues on HyperCore. They set the contract specifications, choose the oracle methodology, establish leverage parameters and operate the market.
HIP-3* would add a further choice to that setup: the deployer could keep a market open to ...


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