This could be huge imho. And it looks like every fast L1 wants to have a good product via perps DEX just like what Hyperliquid did. If there's a presale for Cronje's DEX I'd def want in.
The increasing number of solid DEX that are able to provide advantages is certainly good news as a competitor to CEX. However everything about competition like what happened between Hyperliquid some time ago was used as an attack by the people behind CEX. It makes sense because Hyperliquid implements a backstop system, in other words if a trader experiences a loss and no one takes his position, the system Hyperliquid will automatically cover the loss.
https://hyperliquid.gitbook.io/hyperliquid-docs/trading/liquidations
Now the problem is whether the Shadow Protocol is able to do the same or much more than Hyperliquid?
