Petro D. | Research

Jeff Yan jeff.hl explains why Hyperliquid never enshrined spot bridging or custody: it was a deliberate risk, betting someone in the community would step up rather than having Labs build it. If something can be built by the community, it should be. xStocks is that bet settling. Ten ticker slots won through the open HIP-1 auction. The perps arrived the same way through trade.xyz and Markets under HIP-3. Both legs of a tokenized equity market, supported by the core protocol.