Hyperliquid Founder Denies Claims That DEX Prioritizes Revenue Over Traders

Summary

Hyperliquid founder Jeff Yan publicly rejected allegations that the DEX prioritizes protocol revenue over traders, calling the claims “FUD” and defending the platform’s automatic deleveraging (ADL) mechanism as designed to protect users. Yan cited the Oct. 10 ADL event as evidence the system works in traders’ favor rather than to enrich the protocol. The rebuttal aims to blunt reputational damage and reassure users amid heightened scrutiny of DEX liquidation mechanics, with implications for user trust and platform liquidity if doubts persist.