Btw, people seems to not realize how good Jeff’s latest PM update is.
Right now, if you have $HYPE deposited as collateral and borrow USDC against it, you can currently only trade with that USDC.
Funny thing is that a few hours before the announcement, I was trying to figure out whether there was a way to use the borrowed funds for something other than trading.
You can, but it’s boring af so I was about to send a feedback on the discord and I received this notification from Jeff in the Discord lmao
In PM’s current state if you want to withdraw your debt to another wallet, you can use your borrowed USDC to buy another spot asset (BTC, ETH, SOL etc), then withdraw it, send it to another HyperCore wallet or HyperEVM and sell it.
But you pay fees when buying and selling, so it’s far from ideal if you simply want to withdraw your borrowed USDC (especially with size)
I then realized stablecoin trading has an 80% fee discount, meaning you can buy USDT0 with your borrowed USDC, send it to another wallet and sell it.
It works but still that’s a lot of steps lol.
This upcoming update will let you withdraw the stablecoin you borrowed directly and use it however you want (not just for trading).
So for example if you’re delta neutral and used PM to borrow USDC to short, you’ll be able to withdraw the funding you earn every hour while keeping your debt intact, with no extra steps.
Without this update, your funding payments were automatically used to repay your debt and you couldn’t reborrow the same amount to "withdraw the funding".
There will be plenty of new strategies. You’ll also be able to simply borrow against your HYPE/BTC, send it to HyperEVM or another chain and do whatever you want with it (or even off-ramp it lol).
This is a really cool update and the next PM update will probably be support for other collateral assets such as ETH or SOL (and UNIT spot equities in the future).
Hyperliquid.
The crazy part about this is that you can get paid to take out a loan.
Buy spot $HYPE and short the corresponding amount on perps.
Get paid 10% in funding.
Borrow up to 55% against your position at 5% interest (65% LTV - 10% PM requirements).
Rebalance occasionally to keep LTV in a safe range.
Realistically you can probably borrow ~25% against your principal and not have to rebalance too often.
🗣️ Claudio Ranieri: "I remember my first meeting with the chairman when I arrived at Leicester City. He sat down with me and said, “Claudio, this is a very important year for the club. It is very important for us to stay in the Premier League. We have to stay safe.”
My reply was, “Okay, sure. We’ll work hard on the training ground and try to achieve this.”
Forty points. That was the goal. That was the total we needed to stay in the first division, to give our fans another season of Premier League football.
Perhaps you have heard their names now. Players who were considered too small or too slow for other big clubs. N’Golo Kanté. Jamie Vardy. Wes Morgan. Danny Drink water. Riyad Mahrez. When I arrived my first day of training and I saw the quality of these players, I knew how good they could be.
Well, I knew we had a chance to survive in the Premier League.
This player Kanté, he was running so hard that I thought he must have a pack full of batteries hidden in his shorts. He never stopped running in training.
I had to tell him, “Hey, N’Golo, slow down. Slow down. Don’t run after the ball every time, okay?”
He says to me, “Yes, boss. Yes. Okay.”
Ten seconds later, I look over and he’s running again.
I tell him, “One day, I’m going to see you cross the ball, and then finish the cross with a header yourself.”
He’s unbelievable, but he is not the only key. There are too many keys to name in this incredible season.
Jamie Vardy, for example. This is not a footballer. This is a fantastic horse. He has a need to be free out there on the pitch. I say to him, “You are free to move however you want, but you must help us when we lose the ball. That’s all I ask of you. If you start to press the opposition, all of your teammates will follow you.”
Before we played our first match of the season, I told the players, “I want you to play for your teammates. We are a little team, so we have to fight with all our heart, with all our soul. I don’t care the name of the opponent. All I want is for you to fight. If they are better than us, Okay, congratulations. But they have to show us they are better.”"
It seems that all the big whales have been liquidated in this price surge!
Currently, the largest short positions on the blockchain are held by market makers' hedging accounts.
Abraxas Capital, Fasanara Capital, and Wintertermute collectively hold short positions of 138,569 $ETH ($338M) and 3,425 $BTC($265M).
https://t.co/erED5SiQGO
https://t.co/pvzz4V9ayD
https://t.co/zTMOxhqarl
https://t.co/oHPsZgTg8K
bruno berasa keganggu dengan adanya tielemans yang suka nahan bola dan giring ke depan, gak cocok ini, itu kebiasaan bruno
andrey santos juga ga senyaman mainoo kalo nguasain bola. pokoknya tengahnya ga enak
dorgu juga harusnya diserahin ke polda
loracle.hl(@loraclexyz) has lost over $70M on $HYPE in the past 3 months.
If $HYPE reaches $101.15, his current 685,744 $HYPE($54.88M) short position will be liquidated.
Wallets:
0x6315c7d325ea3508ad503f197d1671e097d0074a
0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
@christianvctrs Ya ya ya, seperti biasa ada yang fomo ada jg fear mongering. Dan jg seperti biasa yg win selalu yg bisa memanage ekspetasi. Ada momentum bull ambil kesempatan saat balik arah dikit lgs take action buakn take picture
HYPE has just hit a new ATH!
But Multicoin Capital is still depositing $HYPE into #CoinbasePrime.
Over the past 3 days, Multicoin Capital has deposited a total of 427,422 $HYPE ($31.74M) into #CoinbasePrime.
https://t.co/xlQobo8mjn