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I refuse to call Hyperliquid onchain. It's simply not what we are here for - or at least what I'm here for. It's still a CEX. Yes, it makes our tokens more accessible by not requiring KYC and using blockchain "tech", but if Hyperliquid is the end of it, we all lose, because suddenly all our glorified tokens are ending up on a bunch of servers that can be taken down by one guy in a suit. It's a CEX. A good one, but still a CEX.

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