Why is hyperliquid not considered a CEX right now?
There is no open source full node software. (So no bridge challenge period is possible)
There are no validity proofs on the bridges (github.com/hyperliquid-de…). As far as I can tell, its just a signature from 4 validators running
Dev 🧪
8,358 posts
Joined August 2018
- Can't believe its possible to convert ATOM into USD off the streets of Turkey! You can literally walk into a shop off of taxim square, send ATOM from Keplr Mobile to the shop-keeper and get real USD! So cool to see this ecosystem I've worked on for 5+ years be used irl!
- Just got pointed out that @oraichain is trying to get people to put their Keplr mnemonics into a JS browser wallet. Please do not use or trust Oraichain's wallet.
- Had a live, thorough 3 hour code review of the Osmosis emergency upgrade code with several validators! Was quite fun, and got a lot of the code docs & standards improved. Some ambiguity in gov prop 226 text was pointed out! Lots of code improvements found, and 1 bug squashed!
- Osmosis yet again ran extremely smoothly through the dump. It gave liquidity at prices far higher than any CEX. Binance wicked ATOM down to < $1.00 (and likely triggered excess liquidations) TIA < 0.25 On Osmosis floored around: - ATOM: $2.7 - TIA: $0.80 Both near where the
- Replying to @NoahpinionHow is this getting cancelled under Trump? (Genuinely curious, I think I'm missing some key context)
- Never feel shame about wanting privacy. This was the standard in the world 20 years ago, it shifted underneath us
- > Solana gets congestion issues at peak usage spikes > Still got memed on 3 years later for going down > Biggest L2 goes down with one AWS region > Internet forgets 24 hours laterImpressive at how the @echodotxyz acquisition fully dominated the airwaves that the biggest L2 fully went down with AWS East downtime
- Privacy is a requirement for freedom Its hard to get. Thats why we are solving the challenges to make financial privacy feel effortless.
- Hot take, Audits are over-indexed / over-allocated industry funds. Way too much money goes towards rubber stamps, or things that are clearly v1s (but get credited as ensuring the whole system) >50% of the money going towards audits should instead go towards: - Better securityAt the moment the bottleneck for developing anything serious onchain is audits Any alt vm that doesn’t tell a story of why it’s cheaper and faster to audit than solidity/evm fails to capture my attention
- Instead of thinking of reasoning about AMM's by their constraints (e.g. Uniswap XY=K), we should plot them by their LP payoff curves. (As is used in most of the ACE papers =p) The zero fee payoff curves have very insightful geometric interpretations.
- Cosmos is a levered bet on interoperability. The thesis has borne out, as have all the (clear) problems predicted with it. The thing missing from Cosmos is making chain-abstracted apps for user-facing needs. The infrastructure side is here, very competitive, and improving.
- Osmosis monthly volume this July is over 3x what it was July last year



