Hyperliquid’s Bold Vision for DeFi | Jeff Yan | S9 E3

In this episode, we sat down with Jeff Yan, Co-founder of Hyperliquid, to discuss Hyperliquid’s origins, their decision to build an L1, and the architecture behind Hyperliquid. We also discuss MEV mitigation, builder deployed perps, and balancing vertical integration with ecosystem growth. Thanks for tuning in! -- Resources Priority Is All You Need: https://www.paradigm.xyz/2024/06/priority-is-all-you-need The Path to Decentralized Nasdaq: https://www.anza.xyz/blog/the-path-to-decentralized-nasdaq 0xResearch: Hyperliquid’s Unique Approach to a Better Perp DEX: https://youtu.be/cxyUtPoC1-E -- Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates. Since launching in 2021, Marinade has expanded their suite of products to provide solutions for both DeFi users and TradFi, including liquid and native staking, as well as direct enterprise integrations.  To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast -- Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi.  Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo  Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz -- Grab your tickets to Permissionless IV. Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv -- Follow Hyperliquid: https://x.com/HyperliquidX Follow Jeff: https://x.com/chameleon_jeff Follow MonetSupply: https://x.com/MonetSupply Follow Mike: https://x.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx -- Timestamps: (0:00) Introduction (3:54) Thoughts on FTX (6:55) The Origins of Hyperliquid (11:47) Marinade Ad (12:01) HyperCore x HyperEVM Architecture (17:44) Why Build an L1 Instead of an L2? (22:35) Thoughts on MEV and MCP (34:55) Marinade Ad (35:34) Hyperliquid's Edge vs Centralized Exchanges (39:22) Growing the Hyperliquid Ecosystem (49:52) Citrea Ad (50:21) Builder Deployed Perps (53:24) Thoughts on Vertical Integration (1:01:00) The Role of Stablecoins in the Hyperliquid Ecosystem (1:06:16) Outro -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.