Dustin Zinger

CEO @sonic_strategy | Connecting tradfi & crypto

$S $SYN

[Dustin Zinger @DustinZinger]

Over $40B has traded on one on-chain options exchange so far, per Celestia.

Proof the demand is real.

Hypercall brings options to Hyperliquid, where option sellers can hedge with perps in the same place.

Options are next.

$SYN $SONI.CN $SONIF

[Celestia @celestia]

Derive, the leading onchain options exchange with over $40B in cumulative trading volume, has used Celestia for nearly 3 years.

With V3 now live, we spoke to the Derive team about what changed in the upgrade and why they continue to build on Celestia.

Here's what we learned👇

[Dustin Zinger @DustinZinger]

On-chain options did $4.9B in 30 days.
On-chain perps did $627B.
Under 1%.

In traditional markets, options trade about 3x futures.

Option sellers hedge with perps. That's why @SynapseProtocol built Hypercall on Hyperliquid.

Options are next.

$SYN $SONI.CN $SONIF

[DCo @Decentralisedco]

https://t.co/agG8Mzqjzy

[Dustin Zinger @DustinZinger]

Big options trades need a fair way to get priced.

Hypercall's RFQ V2 is live: market makers compete to quote, up to 10 legs fill as one trade, all or nothing.

That's how desks trade options today. Now it's on-chain.

$SYN $SONI.CN $SONIF

[Hypercall (by $SYN) @SynapseProtocol]

RFQ V2 is live on Hypercall: better fills on size.

Makers compete to price your package. Up to 10 legs fill as one trade, so no legging risk. Stay anonymous, so makers price the trade, not the wallet. Sweep the best quotes across makers in one go: all fill or none.

https://t.co/ujCHKLZFp8

[Dustin Zinger @DustinZinger]

Options people are now talking about on-chain options.

@trajan0x joined @Options to walk through Hypercall: 24/7 options, settled on Hyperliquid.

Worth a listen.

$SYN $SONI.CN $SONIF

[The Options Insider @Options]

Jake Sylvestre of @SynapseProtocol joins us to explore Hypercall, 24/7 options on Hyperliquid and the future of on-chain trading. Plus Bitcoin, Ethereum, HYPE & more on "The Crypto Rundown 243: Are you Hyped to Trade Nvidia Options on HYPE?"

Listen to this episode on your favorite podcast platform including YouTube: https://t.co/f0FbzWtn8M

And subscribe to the full Options Insider Radio Network on your favorite podcast platform:
🍎Apple: https://t.co/PxeG60OBru
🎧Spotify: https://t.co/9atNj6GmAm

[Luxxfolio Holdings @LuxxfolioH]

You asked, we listened: solo mining is live on LuxxPool!

Find a block solo and receive 99% of the block rewards, or choose PPLNS and share in pool finds.

Winter’s coming—fire up the miner and tell the family the heat is a feature. 🔥

Great for a Hammer Miner DC-series or solo Scrypt miners.

Sign up and connect: https://t.co/p75kJvL6rh
$LUXX $LUXFF litecoin:native $DOGE

[Dustin Zinger @DustinZinger]

@bot Set this up for me @bot

[Dustin Zinger @DustinZinger]

Promised, then done. 5.9M unclaimed airdrop $S burned onchain Oct 15, and the transactions are public for anyone to check.

Proud to run validators on Sonic.

$SONI.CN $SONIF

[Sonic @SonicLabs]

5.9M S burned! 🔥

As previously communicated, unclaimed tokens from the Sonic airdrop were scheduled to be burned.

On October 15, the burn was triggered permissionlessly onchain, permanently removing 5.9M S from circulation.

Transaction hashes:

https://t.co/9vRL9JbvgW

https://t.co/7HRbZ0eJNW

[Dustin Zinger @DustinZinger]

Hypercall portfolio margin is live on Hyperliquid (API first).

Options and hedges in one account, margined together. That's how pros trade.

$SYN $SONI.CN $SONIF

[🇺🇸🧠 Trajan0x-SYN/ACC @trajan0x]

good article - but Hypercall spot PM is live

Api only for now.

Loans are also possible today via box spreads

Two other PM categories I'd add:

predictions/binaries/outcomes: We'll support this via HIP-4 https://t.co/xkAweDogp6 but am sure others will add as well.

These are essentially just spreads so they improve cap efficiency

Vega hedges - so this is a class no one supports yet (outside of deribit) but @volmexfinance has BVIV live on HL today.

You can use these in SPAN to reduce risk under certain scenarios https://t.co/sKmfwstBuX

This is a thing on Deribit w/ DVOL although not used too much - but you can imagine it being useful for portfolio shocks (e.g. for sp500 and vix as well)

[Duncan @DuncanReucassel]

ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 is the hyperliquid:native aligned options protocol.

All hedging flow from options sold on Hypercall take place on Hyperliquid

[Dustin Zinger @DustinZinger]

@andyyy Options?

[Dustin Zinger @DustinZinger]

CoinDesk on Hypercall: $640M in options traded since June.

Over 80% of it was S&P 500 options.
Market makers hedge those trades on Hyperliquid perps.

Options flow becomes perp volume. That's why we hold $SYN.

@SynapseProtocol $SONI.CN $SONIF

https://t.co/HgWy7P95yo

[Dustin Zinger @DustinZinger]

On-chain options were 0.2% of on-chain perp volume in 2025 (@OAK_Res).

In September they were approaching 1% (@PinkBrains_io).

Small base. Fast climb.

That's the shift we're positioned for with $SYN. $SONI.CN $SONIF

[OAK Research @OAK_Res]

https://t.co/y1UCdZiOac

[Dustin Zinger @DustinZinger]

@grok @martinpaulweiss @grok what is the new usage limit of premium vs what I have in premium right now

[Dustin Zinger @DustinZinger]

It's Sunday. Wall Street is closed.

More than half of tokenized U.S. stock trading happens right now, outside market hours.

People want markets that never close. Stocks went first. Options are next. That's why we hold $SYN.

$SONI.CN $SONIF

[Coin Bureau @coinbureau]

🚨HUGE: The IMF says more than HALF of tokenized stock trading happens outside US market hours.

The IMF’s latest Global Financial Stability Report studied the five most liquid tokenized US equities, including Tesla, Nvidia and Google.

About 80% of trades were for less than one share.

But tokenized stocks showed about 1.5 times the volatility of their traditional versions, and were considerably less liquid.

Tokenized stocks remain small at about $2.3 BILLION, while the wider tokenized real-world asset market is about $65 BILLION.

[Dustin Zinger @DustinZinger]

Closed. 11.25M shares issued, paid entirely in ~7.92M $SYN.

Perps came on-chain first. Options are next.

We intend to own a piece of the rails. $SONI.CN $SONIF

[SonicStrategy (CSE: $SONI.CN | OTC: $SONIF) @sonic_strategy]

SonicStrategy (CSE: SONI) has closed the $2.25M SYN token tranche of our private placement.

11.25M shares issued at $0.20, paid entirely in kind with ~7.92M SYN tokens, strengthening our digital asset treasury and our exposure to on-chain finance, including Hypercall options.

https://t.co/G6D5TOtkrK

$SONI.CN $SONIF

[Nico Vega @NicoVega5d]

this is the confirmation i was waiting for

hyperliquid:native wants native options. @SynapseProtocol has already built it

when hyperliquid becomes the dominant venue for onchain derivatives, ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 has the top seat at the table

[Hypercall (by $SYN) @SynapseProtocol]

Jeff was asked: if you couldn't work on Hyperliquid's infra anymore and had to build on top of it, what would you build?

He said options.

We did 🫡

Hypercall is live. BTC, ETH, S&P 500 and more, quoted by real makers, hedged on HL.

Here's what that looks like 🧵

[Hypercall (by $SYN) @SynapseProtocol]

https://t.co/GIHDh0ynN4

[Hypercall (by $SYN) @SynapseProtocol]

We plan to fast-track LTC and DOGE options on Hyperliquid.

The first proposed program is with @Luxxfolio, a Litecoin-first miner that would sell covered calls on part of its LTC and DOGE treasury. 🧵