Exploring the Jelly Short-Squeeze Incident: Are Centralized Exchanges Really Superior to Hyperliquid?
Author | Xian Rang Interviewee: Shawn, Developer of Hyperliquid Ecosystem LSD Project The recent Jelly short-squeeze incident involving Hyperliquid has sparked widespread industry discussion and debate. While some critics have taken the opportunity to accuse Hyperliquid, others have sided with centralized exchanges like Binance and OKX, advocating their supposed superiority. In response, the Xian Rang team conducted an in-depth discussion with Shawn, a developer working on an LSD project within the Hyperliquid ecosystem. Topics discussed included Hyperliquid's technical architecture and current status, the vulnerabilities exposed by the Jelly incident and potential improvements, the fairness of KOLs attacking Hyperliquid while siding with centralized exchanges, and future trends within the exchange sector. Below is the transcript of the conversation: 1. Wuyue: Could you briefly introduce yourself? Shawn: I entered the blockchain industry in 2017, focusing primarily on technology, i...