A LETTER TO THE HYPERLIQUID CORE TEAM

Summary from the TLDR Crypto newsletter

Chorus One, a major node operator, has highlighted challenges with Hyperliquid's blockchain infrastructure, which include closed-source code, dependency on a centralized API, and an unclear validator selection process that leads to a black market for testnet HYPE tokens. 81% of HYPE tokens are controlled by foundation notes, while external validators face sustainability challenges with low rewards and high staking requirements. This thread recommends improvements meant to enhance decentralization, like open-sourcing the code and redistributing foundation stake.