Odd Lots 访谈 Hyperliquid 联合创始人 Jeff Yan，解析平台运作机制
Odd Lots: Jeff Yan on How Hyperliquid Works (Podcast)
Bloomberg Markets 的 Odd Lots 节目邀请 Hyperliquid Labs 首席执行官兼联合创始人 Jeff Yan，讲解 Hyperliquid 的运作机制。访谈涉及其协议、参与者与资产生态（包括平台加密货币 HYPE）、永续合约交易和区块链预言机，并讨论平台若要在美国运营需要满足的条件。
Traders and market watchers around the world started talking about a crypto platform called Hyperliquid earlier this year, when speculators used markets built on top of it to trade crude oil after war broke out in Iran. What Hyperliquid allowed for was a 24/7 market on the blockchain. Then in August, President Trump said the CFTC was working on bringing “Hyperliquid into the United States in a fully compliant and legal fashion.” Hyperliquid currently operates outside the US, but that hasn't stopped it from growing prodigiously in the last year. Jeff Yan, CEO and co-founder of Hyperliquid Labs, joins us today to explain how exactly the platform works: He walks us through the protocol he and his co-founders built, the ecology of actors and assets that are tied to Hyperliquid (like the platform's cryptocurrency HYPE), how perps are bought and sold on the platform, he explains what a blockchain oracle is, and he discusses what has to happen for Hyperliquid to start operating in the US.
Oct 15, 2026
来源：Bloomberg Markets · bloomberg.com