Odaiy Odaily reports that Hyperliquid founder Jeff Yan and his team recently gave a feature interview to Colossos magazine.
In the interview, Jeff revealed that after leaving quantitative trading giant Hudson River Trading in April 2018, he worked on Deaux, a project similar to a prediction market, allowing users to bet on any event with a result, such as weather, elections, or sporting events. Jeff experimented with an "off-chain matching, on-chain settlement" mechanism in the project (Jeff believes this was an idea he and co-founder Scott Wu first proposed). Funds would be stored in smart contracts controlled by code, but the user experience would remain fast and smooth, thus preserving the promise of cryptographic decentralization while avoiding its frictional costs.
However, Deaux ultimately only had 100 users before it was completely shut down due to a market downturn.
For more details, please refer to " Jeff Yan's Hyper Life" .
