The Milk Road Show How This Hyperliquid Project Is Changing the Game for Retail Investors w/ Alvin Hsia
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Sep 2, 2025 In this engaging conversation, Alvin Hsia, co-founder of Ventuals, unveils revolutionary trading strategies using Hyperliquid, allowing speculation on pre-IPO giants through crypto perp markets. He shares insights on the recent success of the platform, which has already attracted 16,000+ traders and generated over $200M in trading volume. Hsia emphasizes the importance of deep liquidity and democratized investment opportunities, showcasing how Ventuals is reshaping access to private market investments.
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How Perpetual Futures Keep Prices Aligned
- Perpetual futures (perps) are derivative contracts that never expire and roll over frequently via funding payments.
- Funding rates align perp prices to a reference spot price by making the richer side pay the other every funding interval.
Use Perps For Leverage And Shorting
- Use perps when you want leveraged directional exposure or the ability to short an asset that you can't short in spot.
- Expect perps to suit short-to-medium-term trades because funding dynamics discourage very long holds.
Perps Won By Timing, Not Magic
- Perps grew in crypto partly due to path dependency: they arrived before a deep options market developed.
- Perps are more retail-friendly than options, so retail traders adopted them broadly in crypto.