Bartcheeks

happy reply guy on a dead account

veeery occasional posts on things i'm interested in, mainly rants

[Bartcheeks @bartcheek]

@crypto_linn @smolbrainfarmer nnnnnnnnnnnnnil

[Bartcheeks @bartcheek]

Here's a quick thread on @ventuals $vhype vhype so far.

basically not a lot of information so far and im just trying to organise some info, and if you're not a document reader it can get tough trying to find what else you can do, HL discord may get hostile sometimes.

but tldr: not much other than mkt selling

[Bartcheeks @bartcheek]

everything looks like ass but one of the moments where its do or die for these coins

hyperliquid:native bitcoin:native

[Bartcheeks @bartcheek]

@crypto_linn @smolbrainfarmer linnnnnnnnnnnnn

[Bartcheeks @bartcheek]

@0x_victorinho meh, best you can probably get is 0.85 now on secondary, ratio has pushed back up after this post, so thats a tiny consolation at least

[CL @CL207]

@DonAlt depending how profitable

crypto was definite easier to x10 in the past

this year, i'd say not losing $ in crypto is about as hard as x3 portfolio in stocks i would say💀

[Bartcheeks @bartcheek]

oh yeah before i forget, can't wait for week 32 points

[Bartcheeks @bartcheek]

There are talks about slashing, I'm not a technical guy so I can't give any input at all on this.

What I do know is vibes, and the vibes has never been strong with this team. Even in the earlier days when there were a bunch of us in the discord giving feedback about their crappy oracle and ema pricings forcing us to stay in bad positions. Replies and information were always slow, and i mean really slow.

It was one of the reason I only deposited about 100 and then 250 hyperliquid:native in during the launch.

[Bartcheeks @bartcheek]

But anyway I have no direction for this thread its just something I decided to do to organise some information for the lost souls out there, and to shed some light for the wider HL community on how things are progressing (or the lack of)

I think its worth observing, being the first (?) crowdsourced HIP-3 project to be failing, and probably won't be the last.

So, what happens next? What can the @HyperliquidX team do? What can validators do? Should there be more safeguards in place? Or is this just DeFi and we should let things take its course naturally?

[Bartcheeks @bartcheek]

In my current boredom with defi, I have decided to put some of my time towards bothering them, and maybe to seek some clarity, for I am a greedy man in need of RFV gambling.

Behold, my results.

Their support (the only way for users to contact them) has been trying to connect me a live agent for close to 48 hours.

I have also dmed Ventuals and Alvin 7 hours ago, with no replies received yet. Lets give them some time.

[Bartcheeks @bartcheek]

Discord communications by the general public was restricted on March 6th. This may have been a co-incidence, I don't know.

As of this post:
@ventuals has not posted about the depeg, instead simply retweeting alvin's post on March 16.

@alvinhsia last post was on May 16, with his last reply regarding the depeg on Mar 29.

co-founder @emhsia simply retweets stuff lol, similar to @graphbluff . aka you won't find any useful info you won't already know on their accounts.

Discord's last post regarding the depeg was on march 16, again just reposting alvin's tweet. there has been no other information since.

[Bartcheeks @bartcheek]

0.85 was the floor mentioned by co-founder @alvinhsia on March 16, that would be backstopped by @ventuals and their "partners", with a guaranteed exit at a max 15% discount.

also mentioned was them working with private LPs to increase the HYPE stake with more details to be shared later.

Nothing else has been shared at the time of this post.

https://t.co/KoChBz2Irx

[Bartcheeks @bartcheek]

its been 81 days since the depeg, and 12 days since its been under 0.85. why 0.85?

[Bartcheeks @bartcheek]

Before I start, if you did a gamble on the vhype depeg rfv (like me), chalk your losses up to a bad trade.

Depositors (like me) before the depeg and who couldn't get out at 1:1 parity in time, chalk your losses up to your typical defi risks, shit happens. There was still ample time to get out at decent ratios. Don't put your entire NW into a single protocol.

[Bartcheeks @bartcheek]

@SafeRatios will it be lit?????

[Bartcheeks @bartcheek]

@favoga_ and you forget about it for a few years and find the rubberband melted on to the cards 🤣

[Bartcheeks @bartcheek]

vhype now at 0.8, breaking the supposed 0.85 floor support stated by @alvinhsia 🤣

[Bartcheeks @bartcheek]

RELEASE MY VHYPE AT 1:1 PARITY NOW AAAAHHHH

[Bartcheeks @bartcheek]

we'll see if @tradexyz pre-IPO listing forces option 2 eventually

either way seems like sentiment are bad for vhype holders, when it should actually be good no? the bigger an external factor (tradexyz this time) impacts, the faster a resolution is forced, better it is for everyone involved

$vhype

[Bartcheeks @bartcheek]

thankfully enough half the stack was bought at an avg of 0.875 hype, small haircut on ratio now but still in decent profit due to price increment, which im gonna tp here

honestly would have sold way lower if it wasn't for vhype

gonna leave the remaining half for $100?