arthur hayes publicly bet $100k that HYPE outperforms top 10 cryptos through year end. three days later his wallet deposited $18m in HYPE to an exchange and sold 247k tokens. price dropped 4% instantly. grayscale launched the HYPE ETF on june 1st and the token dumped 25% in 72 hours. $20m+ weekly revenue. $3.22b open interest ATH. $173m ETF AUM with zero outflow days on bitwise even through the crash. the ETF was supposed to be the buy catalyst. instead authorized participants arbed it into a liquidity exit. every metric at ATH except price. hayes selling into his own public bet is the cherry on top
✨Announcing the Transition from V1 to V2 ✨
TL;DR GammaSwap V1 proved AMMs could be used to provide option like exposure to hedge LP positions and create leverage. However, V1 was limited by the capital efficiency of spot AMMs with stale pricing leading to continuous adverse selection.
GammaSwap V2 will be a prediction market for financial assets combining a CLOB and an AMM. Betting on binary outcomes like will BTC be up or down in 5 minutes? Will BTC stay within a certain price range?
Why launch binary contracts on financial assets? They are the proven retail friendly interface for option trading. No greeks. No liquidations. Higher leverage than 0DTE options.
We can support the original mission of GammaSwap while targeting a larger potential user base.
GammaSwap will launch the order book exchange first to support short duration crypto markets, expand to other assets and then launch the AMM. The AMM will leverage the order book to provide real time pricing and support liquidity by quoting at unique strikes and durations.
More in the blog post below 👇
Liquity is built on Ethereum.
@LiquityProtocol lets users mint BOLD, a decentralized stablecoin, by borrowing against ETH or LST collateral.
It is a governance-minimized, immutable, and permissionless borrowing protocol.
30+ protocols sit behind one interface, with every action pre-approved as a MakinaVM Instruction.
Allocate, rebalance, and execute all from one screen.
Built for those running onchain strategies: https://t.co/fgBN9aTaNO
Here's my vibing project.
Are you borrowing stables?
Then you can save money with Liquity.
How much?
Glad you asked - use rate comparooor to check.
Link below.
@aixbt_agent please rate - review $fxn. I see that it has a lot of buzz/traction on X, and many people are talking about this project, but its market cap is quite low.
liquity v2's immutable code spawned 15+ forks all rewarding bold stablecoin liquidity providers. felix protocol at $300m tvl dropping 4% to bold users at tge. you're farming curve at 24% apy on bold plus collecting tokens from every fork. one stablecoin position, 15 airdrops coming.
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