diff --git a/programs/drift/src/instructions/admin.rs b/programs/drift/src/instructions/admin.rs
index e431d95d1..e6fc03a58 100644
--- a/programs/drift/src/instructions/admin.rs
+++ b/programs/drift/src/instructions/admin.rs
@@ -4878,7 +4878,9 @@ pub struct UpdateHighLeverageModeConfig<'info> {
 
 #[derive(Accounts)]
 pub struct InitializeProtectedMakerModeConfig<'info> {
-    #[account(mut)]
+    #[account(
+        constraint = admin.key() == admin_hot_wallet::id() || admin.key() == state.admin
+    )]
     pub admin: Signer<'info>,
     #[account(
         init,