[Hyperliquid Founder Once Worked on a Prediction Market Project Called Deaux in 2018, But It Failed Due to the Bear Market] Odaiy Planet Daily News: Hyperliquid founder Jeff Yan and his team members were recently featured in an exclusive interview with *Colossos* magazine. During the interview, Jeff revealed that in April 2018, after leaving quantitative trading giant Hudson River Trading, he began developing a prediction market-like project called Deaux. The platform allowed users to place bets on the outcomes of events such as weather, elections, or sports matches. Jeff experimented with a 'off-chain matching, on-chain settlement' mechanism in the project (which Jeff believes was an idea he and co-founder Scott Wu pioneered). Funds were stored in smart contracts controlled by code, while the user experience remained fast and seamless. This approach aimed to preserve the decentralized promise of crypto while minimizing friction costs. However, Deaux ultimately attracted only 100 users and completely failed due to the bear market. For more details, refer to 'Jeff Yan's *Hyper Life*.'