prototyping a probabilistic DEX where you choose your odds.
you either swap for free, or you overpay. those who pay fund everyone that doesn't (ev-neutral).
prototyping a probabilistic DEX where you choose your odds.
you either swap for free, or you overpay. those who pay fund everyone that doesn't (ev-neutral).
This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.
Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.
Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.
Within 3 years, he was running one of the largest anonymous crypto trading firms.
Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.
Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.
Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.
Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.
In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.
i remember being made fun of for vibe coding before it was cool
i could show someone something they genuinely liked - the moment they learned it was "vibe coded" they stopped caring
glad i didn't stop because it truly feels like anything is possible with these tools
@kunalvg usually i think lists like this are quite useless but i agree on so many points here. been doing numerous of these things for years and can vouch - they work
Introducing Project Glasswing: an urgent initiative to help secure the world’s most critical software.
It’s powered by our newest frontier model, Claude Mythos Preview, which can find software vulnerabilities better than all but the most skilled humans.
https://t.co/NQ7IfEtYk7
This is big... Anthropic just announced a model so powerful they won't release it to the public out of fear over the damage it will cause 😨
Claude Mythos Preview found thousands of zero-day exploits in every major operating system and web browser...
The numbers are hard to believe:
> $50 to find a 27-year-old bug in OpenBSD, one of the most security-hardened operating systems ever built
> Under $1,000 to find AND build a fully working remote code execution exploit on FreeBSD that grants unauthenticated root access from anywhere on the internet
> Under $2,000 to chain together multiple Linux kernel vulnerabilities into a complete privilege escalation exploit
For context: these are the kinds of findings that previously required elite security researchers working for weeks.
Anthropic engineers with no formal security training asked Mythos to find exploits overnight. They woke up to working code the next morning.
The results were so impressive Anthropic assembled Apple, Google, Microsoft, Amazon, NVIDIA, and seven other organizations into Project Glasswing:
A $100M defensive coalition. They're not releasing this model publicly. Instead, they're racing to patch the world's infrastructure before models like this proliferate.