The perspective of the Hyperliquid ecosystem is worth paying attention to: financial infrastructure must maintain trustworthiness and neutrality. What does this mean? Simply put, three "no's" — no involvement of private capital parties in control, no special market maker benefit arrangements, and no protocol fees flowing to any single company. This logic touches on the fundamental issue of DeFi: how decentralized finance can achieve sustainable development while ensuring transparency and fairness. As more on-chain protocols explore this path, it reflects the market's demand for truly open financial architectures.