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Hyperliquid test online, stars feature, supports HIP-3 DEX address whitelist trading

The Hyperliquid testnet recently introduced a new feature called "stars." This feature introduces an optional trading address whitelist mechanism for the HIP-3 DEX, allowing deployers to restrict trading to only whitelisted addresses for opening or increasing positions. Currently, the whitelist size limit on the testnet is 10,000 addresses, while unauthorized addresses can still deposit into accounts and submit orders limited to reducing positions, in order to close or lower existing positions.Community members analyze that this feature is expected to expand the application scenarios of the HIP-3 DEX. For example, tokenized stocks, real-world assets (RWA), institutional indices, and other regulated products can open trading only to users who have completed identity verification (KYC) or meet access requirements through the address whitelist. At the same time, new markets can first open testing to market makers, partners, or community members, reducing the risk of encountering junk trading, wash trading, or malicious manipulation in the early stages of the market, while allowing non-whitelisted users to continue reducing positions, thus avoiding situations where users cannot exit their holdings due to permission restrictions.In addition, the stars feature does not change the permissionless nature of the Hyperliquid base layer but adds an optional access control feature that developers can enable or disable based on their needs. This means that scenarios such as DAOs, trading clubs, private equity funds, or partner-exclusive markets can build closed trading markets with access mechanisms while maintaining the advantages of the Hyperliquid matching engine and settlement layer. Currently, this feature is still in the testnet phase, and the official has not yet announced its specific uses; further application scenarios await confirmation with the mainnet launch and more developer documentation.
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