Gate Insights and Crypto Market Analysis

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Hyperliquid rejects $1 billion in funding: Jeff Yan sticks to the no-investor principle

Hyperliquid founder Jeffrey Yan declined the financing after receiving an expression of interest from an investment of $100 million at an estimated valuation of about $1 billion, to maintain the neutrality of the agreement. He believes that bringing in outside capital would undermine users’ trust in the agreement, and chose to support operations with his personal funds. Hyperliquid’s four core principles emphasize extreme decentralization and an operating model with no outside shareholders, distinguishing it from other DeFi projects.
MarketWhisper·04-13 06:37
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