dan.hl

Meet Jeff Yan the guy behind hyperliquid, arguably the most successful crypto company ever built without external funding but the story didn’t start with hyperliquid long before crypto, jeff was obsessed with math and physics. by 18, he had won gold at the international physics olympiad and ranked 24th in the world he then went to harvard to study mathematics and computer science. after graduating, he joined hudson river trading, one of the best high-frequency trading firms in the world jeff was very good at what he did, but the work started to feel less meaningful to him. making an already great trading system slightly better was interesting, but he wanted to work on something that could have a bigger impact that eventually pulled him toward crypto his first attempt was a prediction market, but it failed. instead of giving up, jeff moved to puerto rico with around $10,000 and started market-making crypto from a laptop over the next few years, he built that operation into a serious business and learned the markets from the inside then terra collapsed, followed by ftx. the events made jeff look at crypto differently. he came to believe that the problem wasn’t just bad actors or bad traders. the underlying trading infrastructure itself needed to be better so he shut down the business he had already built and decided to create the market he actually wanted to trade on that became hyperliquid this time, jeff chose a very different path. there was no vc funding, no outside investors taking a piece of the company and no traditional market-making setup. it was a small team building financial infrastructure from scratch a few years later, what started as an onchain perpetuals exchange has grown into something much bigger and jeff’s ambition for hyperliquid is probably the simplest way to understand where this is going: a house for all of finance what stands out about jeff’s story is that he never seemed interested in simply getting better at an existing game when the existing game no longer made sense to him, he left and built something different and eventually, that became hyperliquid

After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps. All users apart from flagged addresses will be made whole from the Hyper Foundation. This will be done automatically in the coming days based on onchain data. There is no need to open a ticket. Methodology will be shared in detail in a later announcement. As with other chains, validators often need to convene to take decisive action as a group to ensure the integrity of the network. It is a priority to enhance robustness and transparency to the voting system. Note that HLP’s 24 hour pnl as of writing is approximately 700k USDC. Technical improvements will be made, and the network will grow stronger as a result of lessons learned. More details will be shared shortly.