BeaR.hl

I enjoy making Money

Print money with me:

[BeaR.hl @BearingBeaR_]

See you guys in the Closed Alpha fellas !

[Northbook @northbookprop]

Closed Alpha

October 12th. 6 days left.

Comment if you want to grab a seat 👇

[BeaR.hl @BearingBeaR_]

@MBxxvv me too anon

[BeaR.hl @BearingBeaR_]

Back from the hospital, life really said "you thought you were gonna relax?" 💀

Checked Propr while still half drugged up, account's bleeding red but I'm still holding 3 open bags (ZEC short, SOL long, BTC long). BTC's the only green candle showing me any respect rn.

No panic sells, no hospital-bed liquidations, we lock in

Also still holding hyperliquid:native obviously, $86 looking like a buy-more zone ngl, conviction doesn't flatline just bc I did 💀

Print money with me: https://t.co/KA1bX9Qw6P

[BeaR.hl @BearingBeaR_]

You guys know what to do 😏

Also join Northbook with my ref link: https://t.co/WKQWsIHecn

[Northbook @northbookprop]

GM traders !

Closed Alpha is coming and we'll be handpicking traders for it. Drop a comment if you want access 👇

Where we go from here

I. Closed Alpha [Early October]
The top 100 on the waitlist and our handpicked testers get access to the terminal. You'll have unlimited demo accounts to trade with. The focus is the trading engine: put it through its paces and tell us what feels off, what's missing and what needs fixing.

II. Closed Beta [Late October]
Alpha testers carry over, alongside another handpicked group. Challenge accounts, payouts and risk management systems come into use. This is where we test the full journey from starting a challenge to receiving a payout.

III. Invite-only Beta [Mid-November]
Referral codes and commissions go live. Members can start inviting others, with access still limited to invitations. Everyone from the previous phases gets direct access including all Waitlist participants

These are target dates. We'll keep you updated as testing progresses

[BeaR.hl @BearingBeaR_]

@Henrik_on_HL SOLID

[BeaR.hl @BearingBeaR_]

@ProprXYZ @milkroaddaily Hyperliquid

[BeaR.hl @BearingBeaR_]

@NMTD8 Hyperliquid

[BeaR.hl @BearingBeaR_]

@Beliukh_ We will eating goodddd

[BeaR.hl @BearingBeaR_]

@Havochl_ It'll be back and higher

[BeaR.hl @BearingBeaR_]

@JammiellyK I'm a cat not wannabe

[BeaR.hl @BearingBeaR_]

Cute Hyperliquid

[TEA.hl @0xteaaa]

Playing around with my Hyperliquid NFTs.

So cute.

[BeaR.hl @BearingBeaR_]

This is legit with new prop traders haha

You took the trading risk, why take the trust risk too?

Absolute Hyperliquid

[Northbook @northbookprop]

https://t.co/TbBmfwFXS0

[BeaR.hl @BearingBeaR_]

It feels so gooooood with hyperliquid:native

Road to $100 this month 😏

Hyperliquid

[BeaR.hl @BearingBeaR_]

hey @northbookprop, @0xHyrax is noise

[BeaR.hl @BearingBeaR_]

@0xHyrax @northbookprop WTF ?

[BeaR.hl @BearingBeaR_]

Hyperliquid

[jeff.hl @chameleon_jeff]

Most tech giants in the 2000s built their infrastructure and product as one entangled unit. Amazon had the foresight to separate out AWS as an API layer, of which Amazon retail was the first of many users. Today, AWS generates more profit than all of Amazon's other business lines combined.

Hyperliquid is built with the same philosophy. Housing all of finance requires thoughtfully designed, open financial primitives. Each primitive should obey the Unix principle of "Do one thing and do it well." Talented builders then have the foundation to chain these together to create magical applications.

HyperCore borrowing is an example to highlight this philosophy in action.

Most other platforms implement portfolio margin by marking an account's collateral to market value with an LTV haircut, creating borrowed assets without an explicit lender. This system is simpler to implement, but misses a golden opportunity for composability.

Hyperliquid instead begins with a borrow/lend protocol on HyperCore. Every borrowed asset is sourced from a supplier, so risk is isolated within the borrow/lend primitive instead of platform-wide. HyperCore's portfolio margin system is implemented as an orchestration layer that composes borrow/lend, with other primitives such as perps, spot, and outcome trading.

This decomposition has several nice corollaries:
1. Today's announcement of manual borrowing is not a new feature, but simply an extension of the underlying primitive. Borrowers on day one have access to 400M and growing of supplied liquidity.
2. Portfolio margin users earn interest on their idle stablecoin collateral. This is not a new feature, but a natural byproduct of composing trading with lending.
3. System safety is easier to reason about when perp and borrow/lend margining are independent.

In the same way that math theorems almost prove themselves when the right abstractions are defined, composable designs just feel right.

[BeaR.hl @BearingBeaR_]

@chameleon_jeff Thank you Jeff

Hyperliquid

[BeaR.hl @BearingBeaR_]

@log1kyr We will always win

[BeaR.hl @BearingBeaR_]

BULLISH

Hyperliquid

[Hyperliquid @HyperliquidX]

Manual borrows are live on Hyperliquid
Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.

Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.

[BeaR.hl @BearingBeaR_]

@HyperliquidX Hyperliquid