Hyperliquid Founder Jeffrey Yan Rejected $100 Million Investment at About $1 Billion Valuation
According to Colossus, Jeffrey Yan said outside equity funding could weaken Hyperliquid’s neutrality, and he later outlined principles that included having no investors and no paid market makers.
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Terms & Concepts
Protocol neutrality: The principle that a crypto platform operates without favoring outside owners or participants, aiming to keep market rules and access impartial.
Market maker: A trading firm or participant that continuously provides buy and sell quotes to support liquidity in a market.
Equity capital: Funding raised by selling ownership stakes in a company, rather than borrowing or using internal resources.