When Shift Happens Podcast

E95: Hyperliquid Founder - How to Win in Crypto (by Building for Users, Not VCs)

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Nov 8, 2024
Jeff Yan, Co-founder of Hyperliquid Labs, discusses his journey in the crypto world and the vision behind Hyperliquid, a decentralized perpetual exchange. He emphasizes the importance of designing platforms with real user experience in mind, rather than catering to traditional VC funding. The conversation highlights how Hyperliquid aims to redefine decentralized finance by fostering community and innovation. Jeff also critiques traditional funding models and shares insights on the evolving landscape of crypto, advocating for ethical practices that instill user trust.
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INSIGHT

DeFi Funding Flaws

  • Traditional DeFi funding models prioritize market makers over real users.
  • This approach often leaves early users with fewer benefits.
ANECDOTE

From Quant Trader to Crypto Founder

  • Jeff Yan, Hyperliquid's co-founder, was a successful quant trader before venturing into crypto.
  • He scaled his trading system to become one of the biggest players in high-frequency market making.
ADVICE

Focus on User Experience

  • Focus on improving the user experience to encourage crypto adoption.
  • Most people prioritize usability over ideology, so build a better product.
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