Ryan Adams

speaker
2,103 appearances 6 recordings 1 series first heard Dec 2025 last heard 22 May

Ryan Adams’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months
3 · May OctJan 26AprJulnow

Recordings per month over the last 12 months — 6 in all, peaking in May 2026 with 3.

Appearances

newest first · ▶ plays the moment
And so before IPO, it's kind of this reference number set by Hyperliquid.
After IPO, the spot market becomes kind of the reference oracle.
And the pricing around that, provided you have enough liquidity and Hyperliquid has shown that it does, seems to be pretty close, pretty accurate to what the actual market would price these things at.
It all works...
I guess even better than you think it would work on paper.
You're trading nothing, but you are trading something.
You're trading what investors demand and supply for the IPO.
So effectively, you're finding a market price for this thing.
That's why it all works.
It's actually incredible.
And I think TradFi is probably looking at this and being like, oh, shoot, we should have thought of that.
Yeah, I mean, it's fantastic.
We're innovating here in crypto.
What's so striking to me about this too, David, is this is some of the original things we've been excited about in DeFi for a long time.
It's happening...
outside of the platforms and the apps that were originated here.
But this is like Cain Warwick, synthetics, perps on everything.
It just like, we're in a different regulatory regime where apparently this is okay.
Now we have the ability to scale this.
We have the kind of user demand.
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