Whitepaper Reading: Hyperliquid & Beyond
Topic
Hyperliquid has grown from a single venue into a liquidity layer powering perps on equities, commodities, and pre-IPO names.
HIP-3 split Hyperliquid's stack into HyperCore infrastructure, market deployers, and builder-code frontends—pushing market creation outside the protocol itself. Deployers now post a 500K HYPE bond, win HyperCore slots via auction, and operate everything from equity-linked perps to pre-IPO markets.
We'll dig into deployer economics, the 50/50 fee split, auction dynamics, OI concentration, and the SEC/CFTC questions around single-stock and pre-IPO perps. Plus where HYPE value accrual and market structure head next.
August 2024 Hyperliquid Discussion - summary
Paper / source
Summary link
Format
Short introduction and context setting to start.
Silent reading of the summary before discussion begins.
5-10 minute presentation to frame the key ideas.
Moderator-led discussion with no promotions.
Session Guide:
Donovan Choy Twitter · LinkedIn
About Whitepaper Reading Club
We are a community of founders, researchers, and builders across Singapore, Malaysia, San Francisco, Bangkok, New York, Lagos, Taipei, and Hong Kong. We meet in person every month to read, discuss, and pressure-test the latest blockchain papers, protocols, and technical ideas.
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We create detailed, easy-to-understand summaries for each paper and have held 80+ sessions since June 2023, covering Account Abstraction, Parallel Chains, EIPs, the Bitcoin ecosystem, and AI x Crypto. We are ecosystem-agnostic, not for profit, and focused on projects with technical, product, or social innovation.