[Saline9515]

The basis of decentralized software is open-source. Otherwise a centralized authority can just push an update to, for instance, blacklist addresses.

https://github.com/hyperliquid-dex/node

"For lowest latency, run the node in Tokyo, Japan."

Decentralization means to run all of the closed-source nodes in the same AWS datacenter!

[monokh]

And in fact they did just this when their vaults started bleeding money on an unfavourable position (JellyJelly). They handed out a closed source binary and the validators ran it immediately, closing out the market at an arbitrary price.

[trhway]

The basis of decentralized software is open protocol. Then it doesn't matter that somebody runs closed source while somebody runs open source.