EDA intern

Boss. Eating good 🫛🫛🫛 at

[EDA intern @EdaIntern]

#NewProfilePic

[EDA intern @EdaIntern]

@D2_Finance Hyper @DeriveXYZ

[D2 Finance @D2_Finance]

Thanks Arthur.

The vol you keep handing the market is the vol we keep harvesting. Long gamma, 2.5 years live through every stress event.

Your ‘pumps and dumps’, with the excuse that you changed your mind, are the same trade to a convex book that never needs a pardon.

HYPE++ opens a new epoch Monday. @USDT0_to is now a portfolio margin asset on Hyperliquid ( cc @zerolore @zerokevo ) so capital efficiency steps up and we are raising the cap of this sleeve this round.

Stablecoin deposits open. Bring USDC or USDT0. Get your stables staged this weekend so you are in before it fills. Texas filled in under an hour.

Announcement of epoch end and deposit window drop together.

Fade D2 amd @DeriveXYZ ‘ $HYPE liquidity at your own risk.

[EDA intern @EdaIntern]

@D2_Finance @elonmusk , break a leg next week.

[D2 Finance @D2_Finance]

Texas Hedge is live.

Elon, break a leg next week.

You just made our case for us. Terafab makes the chips. The IPO funds the $SPCX rockets. The index holds both.

We packaged all three into one structure. $DRAM the funding leg, $SPX the insurance leg, $SPCX the upside leg.

On-chain innovation like this is ONLY on @HyperliquidX.

No coins. Just the real stuff.

Fade D2 at your own risk.

[EDA intern @EdaIntern]

@D2_Finance Then ask what Buffett would make of the house of all finance, once you explain the 99% buyback rate.

[D2 Finance @D2_Finance]

The store of value, denominated in the other store of value.

hyperliquid:native / bitcoin:native

Buffett spent decades explaining why he would never own an asset like gold. Worth reading him in full:

2011 letter to shareholders:

“Gold has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.”

Same letter, on what drives the price: owners “are not inspired by what the asset itself can produce, it will remain lifeless forever, but rather by the belief that others will desire it even more avidly in the future.”

CNBC Squawk Box, 2011:

“Gold is a way of going long on fear. If they become more afraid you make money, if they become less afraid you lose money. But the gold itself doesn’t produce anything.”

Harvard, 1998:

“It gets dug out of the ground. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

Now reread every line and swap the word gold for your favorite digital rock.

Then ask what Buffett would make of the house of all finance, once you explain the 99% buyback rate.

Fade D2 at your own risk.

[D2 Finance @D2_Finance]

Join us today at 8:30am ET on the real innovation happening on @HyperliquidX.

Tired of “winning” on scam coins?

We trade HIP-3 and HIP-4 assets instead. Exotic TradFi structured products, fully on-chain.

Upside on the ‘good stuff’.

Texas Hedge: SpaceX, Mag7, $SPX, $DRAM. We sell rich memory-complex vol to fund cheap crash convexity plus an @elonmusk moonshot leg. Net premium roughly zero, long convexity by construction. Epoch 1 closed +6.4% net. Epoch 2 filled in less than an hour.

The most powerful financial venue ever built is on-chain. We build the structured-products layer on top.

Hyperliquid = liquidity layer.
D2 = strategy layer.

Fade @chameleon_jeff and D2 at your own risk.

[EDA intern @EdaIntern]

@D2_Finance great listen

[D2 Finance @D2_Finance]

https://t.co/7eZkY8uzGR

[EDA intern @EdaIntern]

@D2_Finance @saylor @ethereumfndn @fundstrat @elonmusk Tired of winning on crypto assets? 🤣

[D2 Finance @D2_Finance]

Tired of winning on crypto assets? 🤣

Tired of sleeping with one eye open on @saylor, @ethereumfndn and @fundstrat . Still want a punt.

And you 💚 @elonmusk !

Texas Hedge Epoch 2. Degen upside, zero coin risk. Stablecoin in. SpaceX, Mag7, $SPX, $DRAM out.

The only token in the structure is the audited vault rail.

The mechanic: DRAM calls are bid near 90 vol, SPX sits at 13. We sell the rich premium, fund a far bigger crash-convexity SPX put plus a long Elon leg. Net premium roughly zero. Long convexity by construction.

The SpaceX inclusion everyone’s screaming about? We did the math. The forced bid is real, but ~10% of float, not the tidal wave. So we don’t bet the house on it. Three paths pay: SPX crash, Elon rip, or both. Governed floor ~-40%. Triple-digit upside if any one fires.

Epoch 1: +6.4% net, ~77% APR, one month. First digital options on Hyperliquid. The hat stayed on.

Funding live.

Fade D2 at your own risk.

[EDA intern @EdaIntern]

@D2_Finance

[D2 Finance @D2_Finance]

Interesting.

Someone running a tight $HYPE call book on Derive, sizing into upside around 60v, then immediately recycling into spreads.

Disciplined. Whoever they are, they clearly do this for a living 🤣

[EDA intern @EdaIntern]

@D2_Finance @HyperliquidX Is the @HyperliquidX Assistance Fund the best momentum manager in history? 📈

[D2 Finance @D2_Finance]

Is the @HyperliquidX Assistance Fund the best momentum manager in history? 📈

3.35B+ portfolio. Constantly buying more $HYPE with real trading fees.

On chain. Fully automated. No team control. Just the 0xFEFE address doing its thing.

And you can “invest” alongside it by simply buying $HYPE.

Hyperliquid

[D2 Finance @D2_Finance]

Still a little room in hXXI $BTC as it passes its first birthday on @HyperliquidX. 35 of 40 uBTC filled.

8% real yield on BTC, fully on chain. We have yet to be shown better over the last year.

[EDA intern @EdaIntern]

@D2_Finance

[D2 Finance @D2_Finance]

New ATH: $26.42M TVL 🫡

Built the hard Hyperliquid way. No VCs. On chain, verifiable, risk adjusted, since 2023.

The chart does the talking.

Fade D2 at your own risk.

[EDA intern @EdaIntern]

@D2_Finance Hyper Grogu

[D2 Finance @D2_Finance]

Bloomberg calls it a shadow market.

The point of our work is that it isn't a shadow anymore, thanks to @HyperliquidX. It is a measurable, auditable tape that trades in emerging hedge fund size, like us. Tens of millions in open interest and growing.

Their summary credits the perps with anticipating Cerebras with 'notable precision,' and we put the number on it: 94bp at the open, converged inside 30 minutes.

The Bloomberg charts draw on data processed through our empirical pipeline alongside Hyperliquid feeds. We applied lead-lag estimators and a 3-state Gaussian HMM to the observed spread, primarily for regime detection and meta-labelling rather than direct forecasting.

The convergence is consistent with efficient onchain price discovery for a newly liquid pre-IPO instrument.

None of it exists without @tradexyz, who shipped the perp on Hyperliquid. The marketing premium couldn't become a tradable tape until someone built the venue.

They built it. We measured it. Bloomberg ran it. That's the stack.

We are applying the same process to the SpaceX observation window.

Institutional participants seeking methodology details or data access are welcome to DM.