Hyperliquid being on chain in the traditional sense is fiction. You have a close... | Hacker News

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		monokh 13 days ago \| parent \| context \| favorite \| on: Perpetual futures, explained Hyperliquid being on chain in the traditional sense is fiction. You have a closed source piece of software run by closely controlled "validators" with additionally centralised components.

kikimora 11 days ago [–]

Settlement is on chain which removes clearing house, exchange and brokerages from the picture.

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