Jeff Yan On Hyperliquid’s Plan To Bring All Finance Onchain

So zooming out from just perps, Hyperliquid's vision has always been to be the house of all finance.

And I think what you guys did differently than other L1s, other L1s, they started very general.

And then they tried to improve their performance down the line.

Versus what you guys did was you started with a hyper-performant L1 that was hyper-specialized on perps.

And then you built out these building blocks, right? We were talking about you added spot, you added outcomes.

We also now have a native borrow lend.

I'm curious how much is left to add in terms of the block, or is it more about just improving the performance of what already exists?

I think it's both.

I think there will always be a performance problem.

It's a good problem to have, but I think with every order of magnitude increase in usage, that's obviously a huge unlock and something we should welcome with open arms, but I think it leads to a new problem.

a new set of kind of hard technical problems.

So I don't think that will ever stop.

But that's the best problem to have, right? Like any L1 wants the problem of like, there's way too much organic demand for the chain and block space.

Like, can we solve that? And I think they're, it's a really fun engineering problem.

Like really, you know, that's why we're always trying to work with the best engineers in the world.

I think it's probably the most interesting problem in the world if you're interested in high performance systems.

There's nothing more interesting satisfying than building something and realizing that it's not good enough because instead of a million people using it, now there are 10 million people.

That's just such a good feeling.

But yeah, in terms of the other part of just primitives themselves, I think the list should not be finite.

I think if anything's There's no reason for something that needs to accommodate the entire global financial system to at some point decide this is it.

From now on, this is set in stone.

That's not a practical way for a protocol to evolve and accommodate its users and builders.