@sportytechworld They’re funding the OI rewards at the expense of the VOL rewards, keeping VOL payouts in the $300–350 per $1M range(up 10% WoW, from $300 to $330). The share of trades against market makers is also declining
Since the USDH scandal I’ve grown uneasy: it really feels like a cult, and I don’t do cults. The upper tiers of the Hyper community look increasingly fanatical
Bonus: add any real usability and you can see instant 1.5–2× — buybacks from yield (e.g., $PURR), fee discounts for holders, S3 point boosts. But these perks are whale-coded — only whales can realistically afford this NFT
It’s currently a top-2 priciest PFP on the market. Full NFT distribution will take some time post-drop
This is a long bet on the Hyperliquid cult — an entry ticket to a closed club of the richest ~5% of the market
Hypurr is out of reach for ~95% of participants
For the rest there’s a “treasury pen” — but it’s ~10× pricier: a $300k treasury effectively priced like $3M