MemCast
MemCast / episode / insight
Hyperliquid is more community‑reliant than many top‑down DeFi protocols
  • Jeff contrasts Hyperliquid with centralized exchanges, describing it as “more reliant on the community”.
  • The protocol’s governance, liquidity provision and product feedback loops are driven by active users rather than a central authority.
  • This decentralised ownership aligns incentives for long‑term health.
  • Community members also receive fee discounts and reputation benefits, reinforcing participation.
Jeff PersUnchained00:05:35

Supporting quotes

the protocol is more reliant on the community than maybe some other protocols where it's more like top down, right? Like a centralized exchange is another good counter example. Jeff Pers
I think Hyperlid is viewed favorably because it's something new... represents what we think DeFi can be and I think everyone can rally behind that. Jeff Pers

From this concept

Community-Centric Design vs. Toxic Actors

Hyperliquid's architecture leans heavily on community participation, rewarding constructive behavior and actively filtering out predatory high-frequency traders.

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