Hodja

Wabi Sabi

(old 2014 account got banned for spam FUDding coins I hate)

[Amir Ormu @AmirOrmu]

Hyperliquid's revenue model changed last week.

When you bridge $USDC to Hyperliquid, Circle mints it on HyperEVM. While it sits there, it earns yield.

That yield now goes into $HYPE buybacks. Around $500k a day (-> AQAv2)!

Before this, Hyperliquid only made money when people traded. Now it makes money on deposits sitting still.

All in, that's about 15.4 cents per dollar of margin annually. 2.8 of it arrives whether anyone trades or not.

And as the bullrun progresses, demand for leverage will increase. I expect rates on HL Earn to rise and pull more users in to farm the yield. That grows USDC TVL even further.

Trading revenue is cyclical. Reserve yield isn't.

[Hodja @0xHodja]

@ThinkingUSD Well said. I agree. Literally only 1 KPI, and that's the long term PnL and nothing else matters.

Definitely not easy job, but refreshingly liberating from the pretension and social dynamics of people manipulating a workplace for their own gain.

[Hodja @0xHodja]

@HyperliquidPC someone needs to do a song-remix of trump saying "hyperliquid"

[Hodja @0xHodja]

@miggyy someone needs to do a song-remix of trump saying "hyperliquid"

[Hodja @0xHodja]

@Evan_ss6 yeah my 9 figs agree

[Hodja @0xHodja]

@ThinkingUSD hyperliquid

[Hodja @0xHodja]

@chameleon_jeff Hyperliquid

[a16z crypto @a16zcrypto]

Stablecoins are increasingly being spent by card swipe.

Crypto payment cards have gone from a novelty to more than $750 million in monthly spend. These cards let people pay with crypto anywhere traditional card networks are accepted. Behind the scenes, the crypto — stablecoins, overwhelmingly — gets converted to local currency at the point of sale, so the payments look like any other card transactions to merchants.

Crypto cardholders don’t require a traditional bank account. Depending on the program, users either deposit stablecoins with a card issuer, or hold them directly onchain through self-custody. Crypto cards expand people’s access to U.S. dollar accounts globally, and they offer a convenient way for stablecoin holders to transact.

[Hodja @0xHodja]

@dschamis Value of the Lindy effect

[Hodja @0xHodja]

@bryan_johnson Can you trial a hot tub at 40ºC to compare benefits?

[Hodja @0xHodja]

@HYPEconomist Casual rotating

[Hodja @0xHodja]

@HYPEconomist Probably unstaking to scare the market and then buy more and restake

[Hodja @0xHodja]

@tradexyz @tradingview Fuck yeah

[Hodja @0xHodja]

@reisnertobias Jobs not done yet

[Hodja @0xHodja]

@bryan_johnson (1) is there a way for normal people to get a reliable core body temperature reading with commonly available sensors?

(2) I use hot tub at 40°C water and assume water contact can heat body faster than dry hot air?

[Hodja @0xHodja]

@x256xx @aaalex What is the underlying of a hyperliquid?

[Hodja @0xHodja]

@0xmagnus gay

[Hodja @0xHodja]

@Sychype @jeffreywiill Don't ask questions just let it happen

[Hodja @0xHodja]

@Henrik_on_HL Everyone hovering over the market sell button with slider set to 100%

[Hodja @0xHodja]

@chameleon_jeff @HyperliquidPC My Jeff. My man. Hyperliquid