Hyperliquid Addresses Community Concerns Over Validator Mechanism and Transparency
Hyperliquid addressed community concerns regarding its validator mechanism, clarifying misunderstandings through a detailed post on X. Key points include:
- Hyperliquid acknowledged the role of its community in ecosystem growth and emphasized that it values feedback.
- The validator qualification process is based solely on testnet performance; allegations of validators buying seats are denied.
- A new Foundation Delegation Program aims to promote decentralization by rewarding high-performing validators.
- API access is open to all, countering rumors of restricted access.
- The company opposes black market activities for testnet HYPE and will enhance onboarding for participants.
- Concerns about closed-source code and a single-binary system were addressed, noting that this structure is not uncommon in blockchain, citing Solana as an example.
Looking forward, Hyperliquid aims to maintain trust with its community while pursuing its goal of bringing finance on-chain.