Zhao dark pool DEX could sink HyperLiquid, says top trader

A brewing battle in the world of decentralized exchanges can take shape, while the eminent merchant James Wynn warns that the perpetuates offered by the founder of Binance, Changpeng Zhao, could upset the edge of hyperliquid.

Wynn, who criticized the reference program and the hyperliquidal remuneration model, maintains that Zhao’s superior resources, execution history and the concentration of the resolution of transparency problems linked to the MEV could resume the landscape for the trade in chain derivatives.

The comments follow Wynn’s criticism of the hyperliquid reference program despite a generation of substantial volume for the platform.

Wynn revealed that he had only earned $ 34,000 through hyperliquid references despite significant user registrations and a volume of trading. He also called their “extremely poor” remuneration structure compared to other platforms.

The merchant revealed that he had contacted twice looking for partnership agreements but was refused, because hyperliquid would avoid such arrangements with individual promoters.

Zhao offers the architecture of the dark swimming pool

The recent post on Zhao’s social networks showed his Vision of a dark chain swimming pool Exchanges of perpetuates which would address the problems of fundamental transparency which affect the current DEX structures.

The founder of Binance underlined how the visibility of the order in real time creates leading opportunities and MEV attacks which increase the costs for large traders.

“I have always been perplexed with the fact that everyone can see your orders in real time on a Dex,” wrote Zhao. He noted that even centralized exchange books still reveal trading intentions that can be exploited.

Zhao’s proposed solution is to fully hide command books or hide intelligent contract deposits until the end of the execution. He suggested that zero knowledge of knowledge or similar encryption technologies could allow this functionality while maintaining chain settlement benefits.

Wynn’s criticism extends beyond the problems of remuneration for global competitive concerns concerning the long-term viability of hyperliquid. He underlined the proven capacity of Zhao to build advanced products and underlined the domination of Binance in the centralized exchange markets as proof of execution capacity.

“CZ has money, network, teams to build something like the others,” said Wynn.

Hyperliquid currently works as a decentralized perpetual exchange with complete command books, which makes all the trading activities transparent and potentially vulnerable to MEV exploitation that the concept of dark swimming pool of Zhao would address.