Jeff Yan explains how his background in traditional finance and crypto prop-trading led to the founding of Hyperliquid after witnessing the failure of FTX. The collapse highlighted the need for a truly decentralized, user-focused exchange, prompting the team to evolve from a simple perp DEX into a purpose-built L1.
“Jeff’s background in traditional finance and crypto prop‑trading seeded Hyperliquid’s founding”
Prop firms provide fast access to large leverage and structured payouts, but once a trader reaches a capital threshold, personal accounts become more flexible and less stressful.
Prop firms offer capital and a structured environment but also present an easy reset button that can turn disciplined practice into gambling if misused.