As blockchains should directly bear regulatory responsibility or not, the issue is back in the spotlight.
According to reports from PANews and others: Hyperliquid co-founder Jeff Yan proposed a tiered regulatory approach, emphasizing that regulatory responsibility should be borne more by market operators rather than the underlying protocol itself. The HIP-3 protocol allows third parties to deploy markets; reports say Payward, Bitnomial and others plan to use this protocol to build regulated products.
How to read this: this is a regulatory narrative that separates the "protocol layer" from the "product/operations layer". For traders, the key is not the slogan, but who operates the specific market, how the boundaries of licensing and compliance are drawn, and who stands behind clearing and disputes. Watching the list of third-party markets and disclosures after HIP-3 goes live is more useful than focusing only on the binary opposition of "deregulation" vs. "heavy regulation".
#Hyperliquid #HIP3 #监管 #DeFi
According to reports from PANews and others: Hyperliquid co-founder Jeff Yan proposed a tiered regulatory approach, emphasizing that regulatory responsibility should be borne more by market operators rather than the underlying protocol itself. The HIP-3 protocol allows third parties to deploy markets; reports say Payward, Bitnomial and others plan to use this protocol to build regulated products.
How to read this: this is a regulatory narrative that separates the "protocol layer" from the "product/operations layer". For traders, the key is not the slogan, but who operates the specific market, how the boundaries of licensing and compliance are drawn, and who stands behind clearing and disputes. Watching the list of third-party markets and disclosures after HIP-3 goes live is more useful than focusing only on the binary opposition of "deregulation" vs. "heavy regulation".
#Hyperliquid #HIP3 #监管 #DeFi