Hyperliquid：HIP-3* testnet version goes live, with planned support for permissioned perpetual contract markets
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AT A GLANCE
Hyperliquid stated that HIP-3*'s first version is live on testnet, and deployers may choose to enable on-chain allowlists.
Article
Hyperliquid Launches HIP-3*, supporting the deployment of permissioned perpetual contract markets
PANews October 27 reported that Hyperliquid posted on X that HIP-3 will support optional configurations for deployers to establish permissioned markets in a future network upgrade, with the related additional features collectively referred to as HIP-3*. At its core is an on-chain allowlist managed by the deployer or its sub-deployer. This feature is an optional addition for HIP-3, with activation determined by the deployer; existing markets will not be affected. The first version is already live on testnet, and the relevant specifications remain preliminary.Hyperliquid It also stated that Kraken parent company Payward plans to become the first HIP-3* market's first CFTC-regulated deployer, using Hyperliquid to deploy perpetual contract markets for U.S. clients. Subject to regulatory approval, Payward's CFTC-regulated Bitnomial will serve as the deployer...
Hyperliquid posted on X that HIP-3 will support optional configurations for permissioned markets in a future network upgrade.
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The related additional features are collectively referred to as HIP-3*, centered on an on-chain allowlist managed by the deployer or its sub-deployer.
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HIP-3* Whether to enable it is determined by the deployer, and existing markets will not be affected.
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HIP-3* The first version is already live on testnet, and the relevant specifications remain preliminary.
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Hyperliquid stated that Kraken parent company Payward plans to become the first HIP-3* market's first CFTC-regulated deployer.
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Payward plans to use Hyperliquid to deploy perpetual contract markets for U.S. clients, subject to regulatory approval.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
HIP-3* is an optional feature: deployers may use on-chain allowlists to limit which participants can access their perpetual contract markets. Existing markets that do not enable this feature will not be affected. At present, only the first version has been confirmed as live on testnet, and the specifications have not yet been finalized.
Why it matters to readers
If subsequent upgrades and regulatory approvals are completed,Hyperliquid deployers on the platform will be able to operate perpetual contract markets with access restrictions; however, the evidence indicates that this feature and the related deployment plans have not yet been fully implemented.
Beginners should distinguish between a testnet launch and formal implementation, and should also note that a “planned deployment” does not mean regulatory approval has already been obtained or that the service has already opened to U.S. clients.
Risks and unknowns
HIP-3* The relevant specifications remain preliminary.
The evidence does not state HIP-3* when it will enter a future network upgrade or the production environment.
Payward's deployment plan remains subject to regulatory approval.
The original text is truncated at the end, making it impossible to confirm the complete arrangements after Bitnomial serves as the deployer.
The headline states “launches,” but the body only explicitly confirms that the first version is live on testnet.
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Related concepts
Permissioned markets
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
