1st spaces ever with @chameleon_jeff
recorded Jan 6th 2023, when Hyperliquid was in testnet
00:00 Banter
07:35 Jeff introduces himself as HL founder, background in market making
11:08 FTX implosion was the defining moment to build trustless platform
13:40 Why order books over AMMs and hybrid models like GMX
19:13 Key differentiator: entire order book runs on-chain, not centralized servers
22:43 Decision to build Hyperliquid chain on Tendermint after trading comp
33:47 Introducing vaults and pools for community-managed liquidity strategies
49:58 Mainnet timeline: testnet in January, closed alpha in February
I would think if it gets slashed the team would make people right. Just like they are doing with the traders that got liquidated.
They have given no reason to think differently. But agree there are risks involved and people should have been aware of those risks before supplying the hype.