Meet @gabri3l and @lucacs from @noise_xyz
From two Midwestern kids who met at a USC blockchain club trading NFTs to building the for-you page for the internet where markets, not feeds, surface what's actually true
This is their story
Season Zero is live until the end of May with an ELO formula built around risk-adjusted returns and capital efficiency
the guy with <$1k and <200 followers has the same shot as the guy with >$500k and >50k followers for cash prizes + exclusive rewards
https://t.co/6Lz5PVgVL3
We're looking for the best trader, with any size. Because I'm interested to find out -- if you trade $1,000 or less to $10,000 in the next month, I will personally send you an additional $10,000 of my own money.
Two tracks:
1. Arena PvP wins
2. Normal trading performance, by Legend ELO.
We developed a system over a few hundred simulations that we hope to identify the highest skill traders for perps specifically across most account sizes, that also takes into account that larger sizes are harder to trade, but still allow the opportunity for smaller accounts to win.
Cash prizes. IRL prizes. On-platform prizes. A bunch of cool stuff.
dm me on Legend if you start or are able to do this
We're pleased to announce that Legend has raised a $3.5 million seed round, led by @ElectricCapital, with participation from @ambergroup_io and @GSR_io, bringing our total raised to over $5 million.
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.