Julez

Believe in something | DeFi Yield Farmer

[Simon Dedic @sjdedic]

Something interesting is happening with the Hyperliquid ecosystem.

About a year ago, shortly after HYPE did its TGE, I had quite a few projects reaching out for funding building on Hyper. Almost all of them were just trying to chase the hype: lack of innovation, low-effort copycats with low-conviction founders. I didn’t take most of them seriously and, unsurprisingly, none of them are around anymore.

That’s slowly but surely shifting.

Recently a significant portion of our deal flow is actually decent founders coming up with genuinely interesting ideas on top of Hyperliquid, some even with existing products, real traction, and legitimate funding needs. The quality has completely changed.

And it makes perfect sense. Hyperliquid did what every other chain tried and failed to do: they shipped a product so good that people actually wanted to use it. That attracted users. Users attracted liquidity. Liquidity attracted builders. Builders are now attracting capital.

Meanwhile every other L1 and L2 is trying to buy their ecosystem into existence from the bottom up and wondering why nothing sticks.

Hyperliquid built it top down. Product first. Ecosystem second. And it’s working.

No grants program or desperate foundations throwing millions at mercenary devs. Just a great product and an organic flywheel doing the rest.

Maybe more chains should try building something people actually want before spending billions convincing developers to pretend they care.

Anyways, Hyperliquid, I guess.

[Julez @Julaz82]

@fiege_max Exciting

[Santiago R Santos @santiagoroel]

Crypto got everything it wanted - ETFs, adoption, legitimacy - and prices are still down.
We valued casino flow like recurring software revenue.
“Dear LPs, we outperformed ETH… and still lost 80% of the fund.”

Full post:
https://t.co/7sLvK4uHmQ

[Julez @Julaz82]

@VatoOnChain Gm

[Julez @Julaz82]

@MingoAirdrop @tradexyz unit

[jeff.hl @chameleon_jeff]

Debunking the FUD that Hyperliquid prioritizes protocol revenue over traders

On 10/10, Hyperliquid ADLs net made users hundreds of millions of dollars by closing profitable short positions at favorable prices. If more positions had been backstop liquidated, HLP could have made hundreds of millions of dollars more in pnl, while being exposed to an irresponsible amount of risk. ADL passed on HLP's potential pnl to users while decreasing HLP's exposure, a win-win.

As a reminder the ADL queue on Hyperliqid has always followed a similar formula to what most CEXs use, incorporating both leverage used and unrealized pnl on the open position.

Finally, thanks to everyone for the feedback on ADL. Suggestions generally increase complexity, such as partially offsetting long and short positions in historically correlated assets. I don't know of other major venues that use more complex logic for the ADL queue. Simple formulas are more robust and understandable by users. Nonetheless, there is research being done on whether there can be substantial improvements that merit more complexity.

[Julez @Julaz82]

@MingoAirdrop DCA in perfection

[julez.hl @julezhl]

My new profile pic, to celebrate the era of HIP-3.

@HyperliquidX

[Jordi Alexander @gametheorizing]

Lot of crypto folks asking me "What happened?"...

It's probably time to dust off the Taleb book 'Antifragile'.

The amount of Open Interest that has been taken off in one day is unreal. 15B -> 6B on hyperliquid alone, the real total number must be insane!

People always want a clear simple headline. FTX, Luna, Celsius, we've had plenty smoking gun collapses in the past so makes sense to look.

But most likely this is more like the liquidation cascade of May 2021 where after months of run-up and low volatility, people start taking more and more risk as they chase more money.

Especially in this macro environment where gold is at $4k, stocks break all time high every day, and even if you are up you don't know if you are up relative to others when the denominator USD is rekt.

In recent months I've been hearing more and more retarded theses for buying coins. Did you know that CZ's gardener dog is called $ASTERIX? Time to bet on that shit, its BSC season.

Solana trenchers used to flipping shitcoins on their mobile phantom trying to tell me why this or that shitty perp dex is worth billions. Zero self-awareness of knowing what their game is and what it isnt.

Add to that people chasing perps as a narrative, while the liquidity isnt there to support. Hidden risks everywhere, where people are using synthetic dollars as collateral, trading premarket perps with no funding external reference, and telling you not to cry in the casino like they are some hotshot from a Joe Pesci mob movie.

Reality is, in recent months as we were awash with liquidity and every launch was faced with a huge hot ball of money, a lot of the fragility was being hidden under it.

Too much FOMO from retail, not enough focus on robustness from founders seeing their token price as the school report card instead of thinking about their product being more resilient to shocks.

I get it, if you dont play the hype game in crypto you die anyway. If you dont fomo sometimes you miss the big trades. Its a fine balance and none of us are perfect at finding it. And maybe there are some timeless lessons from that cranky boomer that can at least explain why this happened.

[Julez @Julaz82]

@0xThoor Thor, whats your thoughts about Hyperliquid Season2?

[Julez @Julaz82]

beHYPE by @hyperbeat just arrived.

https://t.co/pjxG7Uq52b

[Hyperbeat @hyperbeat]

Introducing $beHYPE - the fully onchain HYPE Liquid Staking Token that lets you participate in validator governance.

A modular HYPE money lego for:

- HYPE liquid staking.
- Validator driven governance.
- Slashable HYPE security.

Stake now: https://t.co/CdqRa3N6wj

[Furkan Yildirim @FurkanCCTV]

Achtung: Es läuft gerade ein Angriff auf Krypto-User.
Einige Wallet-/App-Umgebungen können beim Senden heimlich die Empfänger-Adresse austauschen.

Ergebnis: Deine Coins landen beim Angreifer.

Was du jetzt tun solltest:
- Vor jeder Transaktion die Zieladresse auf dem Gerät prüfen (Anfang & Ende vergleichen).
- Wenn möglich Hardware-Wallet nutzen.
- Mit Hot/Software-Wallets: besonders vorsichtig sein – im Zweifel warten.
- Erst eine Mini-Testtransaktion schicken, dann den Rest.
- Keine unbekannten Updates/Erweiterungen installieren.

Bitte teilen – je mehr Bescheid wissen, desto weniger Verluste.

[Julez @Julaz82]

@j0hnwang @Kalshi $hype

[Julez @Julaz82]

@HypeEcosystem @Hyperliquid love

[Julez @Julaz82]

@MingoAirdrop $hype $hype hurray

[Julez @Julaz82]

@tobific @felixprotocol @HypurrFi @HyperSwapX @liminalmoney @hyperbloomxyz @Hyperwavefi Love it!

[Julez @Julaz82]

@TaikiMaeda2 haha

[Julez @Julaz82]

@sjdedic love it

[Julez @Julaz82]

@HypeEcosystem @HyperliquidX Love it

[julez.hl @julezhl]

@HyperliquidX is everywhere.

so much higher.
$hype maxi