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logicchains • yesterday at 5:35 PM • 1 reply • view on HN

The whole raison d'etre of hyperliquid and defi in general is getting around "kyc or something". More realistic risk is poor opsec allowing govs to persecute people who use/host the service.


Replies

therein • yesterday at 6:11 PM

KYC definitely won't happen. But that aside the funny thing is, HyperLiquid isn't actually decentralized in a traditional sense. They have like 5 validating nodes and all operated by HyperLiquid affiliates.

Also the XYZ markets that the stock tokens "live on" is not managed by HyperLiquid as far as I know.

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