okay so the hyperliquid announcement is omega giga bullish and there are enough tldr's around for you to read the basics but here are my favourite parts:
- the core team clearly has high leverage even with the biggest players in the game as they secure a deal with extremely favourable terms
- one of the biggest friction points (bridging to HL) will soon be direct through circle's cross-chain protocol
- hard to describe how big of a win this is from a regulatory standpoint just before the clarity act is likely to pass. two of the most scrutinised and regulation-friendly teams just threw a massive amount of reputation and money at HL right before it goes through the senate. that timing isn't an accident
- this deal reaffirms the HL team remains extremely aligned with the growth of the token and redistributing the wealth created on chain back to users
- there are no 'leaks' in the HL team, in crypto it's very common to see tokens outperforming into unknown announcements, $HYPE has been bleeding coming into this announcement
- there is no other chain where increasing TVL feeds directly into token increase, $HYPE now does
this announcement really helps smooth over the bear cases and creates an even higher ceiling for the bull cases
hyperliquid will be the house of all finance and all others will be competing through builder codes
hyperliquid
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Over the past 2 weeks, RWA trading on Hyperliquid has repeatedly broken records, surpassing $1.3B in open interest and $1.4B in weekend volume.
When traditional markets are closed, Hyperliquid is the premier venue for 24/7 price discovery on oil, metals, indices, and other essential assets. This is an important step towards housing all of finance.
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Spent last 48hrs setting up @OpenClaw_ai.
Setup is smooth as a non-dev (VPS), but relied heavily on Claude to debug.
Remembers context across sessions - huge unlock.
Using it as chief-of-staff, pretty wild so far.
Will share more as I tinker.
When I pointed out problems with Tarun's understanding of Hyperliquid, he challenged me to read the rest of his paper, suggesting I was too dumb to understand it.
I don't like obscurantism or gatekeeping. So I did what he asked. Here's what I think:
* The paper is wrong about what ADL is, even more fundamentally than what I pointed out yesterday.
* The paper proposes that exchanges should sometimes take on platform-level insolvency risk, which I think is not a good idea.
* And the core “ADL trilemma” is basically a restatement of its own assumptions, including an explicit assumption that insurance funds won't work.
🧵