First day of @blockworksDAS was very Hyperliquid coded. Most talks said it without saying it.

- In the top 200 there are maybe 20 tokens worth bidding
- ADL is an issue we need to fix to adopt tradfi. Already happening and ADL on 10/10 was way bigger issue on centralized entities than HL.
- We need more transparency but also less because some tradfi players are not comfortable sharing their book - very @silhouette_ex coded
- Price always follows value. There is not just much tokens that actually have value accrual
- VCs do equity plus token warrants so incentives are aligned. Too many founders treat tokens as Monopoly money.