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Hyperliquid Founder Reasserts Hardline Ethos: ‘No Insiders Allowed’

Hyperliquid's founder Jeff Yan reaffirmed the project's strict "no insiders" policy, emphasizing that credibility stems from refusing traditional backroom economics. In a Jan. 1 statement, he outlined core principles: no private investors, no market maker deals, and no protocol fees. The project's genesis distribution followed Bitcoin's permissionless ethos, allocating tokens entirely to early users while excluding core contributors. This stance contrasts with newer rivals like Lighter, which allocated 50% of its token supply to employees and investors, sparking debate about insider allocations in DeFi. Hyperliquid maintains that credible neutrality and integrity are non-negotiable design constraints, not marketing language.

bitcoinist01/03 04:09