Even though I am new to the Hypio community, I am very confident in it; seeing long-time members receive substantial rewards makes me truly happy. The Hypio community is incredibly strong, and the Hypio team and developers are cooking up something big for the future. GM, Hypio!
Why did it take so long to get Pear Vaults out?
Because we will be the Vault infra provider of choice for Hyperliquid's Vault managers.
Good things come to those who wait. Now it's time to face the music.
Tomorrow @ 10am EST. Bridge your USDC to HyperEVM.
We're excited to announce our first external vault manager using Pear Vaults.
Emporium Ventures is launching their S&P 500 of Crypto strategy. Refined over 2 years, the strategy boasts an average 60% APR.
Get in quick, as there's a mere $150k vault cap.
https://t.co/vFXfijy9pZ
I was summoned, but the nest-2:native thesis is extremely simple so that's why I haven't done any more complicated posts on it since my first (also let ya boi stealth accumulate in peace π).
I think metaDEXs ($AERO and nest-2:native, even up-2:native on RH Chain) are fundamentally superior to their traditional counterparts (ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 and PRJX/Hyperswap on the HyperEVM).
They fix a fundamental trilemma inherent to Uniswaps model, the need to siphon of fees from LPs in order to have a valuable token.
Hard to simultaneously be the best place to LP, and therefore the deepest liquidity, while having a token that accrues value.
This is why $UNI delayed buybacks for so long.
This is also at least a major reason why PRJX didn't TGE on the HyperEVM. Why have a token you need to support with buybacks when you can just take 14% of LP fees?
$UNI price action has been buoyed by RH chain, but you can't charge LPs 16-25% long term. There's just not enough moat for on chain liquidity in a world with aggregators.
On chain DEXs are getting eaten into by launchpads and CLOBs to some degree, but long term, I think the $AERO, $NEST etc model wins for longer tail assets on chain.
$UP, which I'm not currently long, serves as a good example of how reflexive and hard these style of tokens can run once their flywheel gets flywheeling, like it was on RH chain.
$NEST is similar to $AERO on the HyperEVM, which I think has been overly written off and will be revived by @Kinetiq_xyz Elysium. $KNTQ and $NEST are very clean $HYPE beta, especially regarding tokenization and memes
TLDR: I like $AERO, I like the HyperEVM revival narrative, therefore, I like $NEST
hyperevm is finally getting the szn it deserved, and we have new winner today; nest-2:native
nest-2:native is up roughly 83% in 24h, while the main NEST/WHYPE pool is doing around $840k in volume with more than $1.1m sitting in liquidity...
for anyone looking to park there hyperliquid:native nest would definitely be one of the best places, yield-wise...
the WHYPE/USDC automatic pool has worked really well for me(not that i don't enjoy manual rebasing, i just wanted to see how convininet automatic pool would be) as it handles the concentrated-liquidity range...
on a median value, i think i might be sitting at an APR of 217%. but the more useful bit is that the pool has been paying NEST emissions while it manages the liquidity...
then the nest-2:native can be routed into the HYPE Engine...
the engine automates the lock and voting side, compounds its NEST rewards, and the eligible lock receives HYPE through the current distribution programme...
i ran the paper math on my own positions using current prices, not some annualized APR fantasy:
> accumulated NEST emissions are now worth roughly 32.7% of my current LP capital
> the automatic HYPE Engine rewards are around 40.7% of the recorded lock cost basis
> the NEST sitting in my Engine locks is marked about +517% over its recorded cost basis after this move
> the HYPE distribution ledger works out to another ~14% of the current Engine-lock value at today's HYPE price, with a smaller amount still pending
why this is major bullish for hyperevm?
this is not a pure HYPE long. a WHYPE/USDC concentrated LP will gradually sell HYPE into USDC when HYPE keeps running, depending on the range...
but the route is becoming pretty clean:
> HYPE liquidity generates NEST emissions...
> NEST gets locked into the HYPE Engine...
> the Engine compounds the lock and routes HYPE distributions back to depositors...
more HYPE activity means more reason to keep WHYPE liquidity deep. if nest can keep turning that liquidity into emissions and HYPE rewards after the initial NEST repricing settles down, this is one of the better HYPE hold-up routes i have found on hyperevm...