After reading the docs, this seems to be nothing special and doesn't add much to HL.
All trades are "synthetic swaps between user & LP" - No trades are executed on HyperCore.
Then how is it really built on Hyperliquid apart from being on HyperEVM @izebel_eth?
Sounds too risky to be an LP on this, depositors would be taking huge risks.
Whales / malicious actors could open trades with 1000x lev with 0 slippage then drain LP's.
tl;dr this could have been built anywhere, years ago. You could have simply used a CeX oracle & built it on Ethereum or Solana. None of HL's unique tech is utilised. Extremely risky to LP on.
Deploying on HyperEVM only seems to be a marketing tool.
Turn your wallet into a passive Points machine.
Every day you hold assets on Everything, you earn Points. The longer you stay, the more you HODL, the bigger your stack.
Points are key to the future $E airdrop.