Brian

'Boh-roo'.

[Brian @cryptoboru]

Status update:

Hyperliquid

[Brian @cryptoboru]

@HyperliquidX Hyperliquid

[Brian @cryptoboru]

@onchainmonk Around HL upgrades I believe just

[Brian @cryptoboru]

@chameleon_jeff @Valinorae @jaygee_hl @iliensinc Hyperliquid

[Michael McDonough @M_McDonough]

Hyperliquid perps, live on the Terminal:

[Brian @cryptoboru]

@M_McDonough Hyperliquid

[Brian @cryptoboru]

@CopperHQ @HyperliquidX Hyperliquid

[Ascend @AscendLaunch]

Ascend tokenomics update

Buybacks are moving from 90% HYPE / 10% KNTQ to 50% HYPE / 50% KNTQ.

@Kinetiq_xyz is core to how we're building on Hyperliquid. Our fee loop should reflect that. We're doubling down on the teams building Hyperliquid's foundation.

Of the KNTQ purchased, 60% will be burned, 20% will deepen kHYPE/KNTQ liquidity, and 20% will fund the Ascend points program.

The points program will run across multiple seasons to incentivize sustained activity on Ascend. Participation will be tracked through user profiles, with criteria including staking TVL, trading volume on Ascend, and ecosystem tokens held.

This AIP reflects the allocation we believe will create the most long term value for Ascend and the ecosystem growing on @Enter_Elysium.

[Hyperliquid @HyperliquidX]

The Hyperliquid community event will take place on the evening of October 5 in Singapore: https://t.co/jVuGo3rhn7

This is a chance to spend time with the builders and users who've shaped the ecosystem

The event is oversubscribed; you will only be able to attend if your RSVP was accepted. If your RSVP was accepted but you're no longer able to attend, please cancel your RSVP to make space for others

[Hyperliquid News @HyperliquidNews]

near:native spot on Hyperliquid was deployed by @NEARProtocol themselves and is seeing strong success, currently ranking 7th in 24h spot volume, just behind Unit tokens and HYPE.

It already has over 679 holders and $12,001,521 in TVL.

[Brian @cryptoboru]

lol

[Brian @cryptoboru]

@Hypurr Can’t believe it’s been a year

[Signal @SignalFam]

Protocol Echo is live.

Every HYPE Signal earns now buys $SIGNAL.

70% burned
20% protocol reserve
10% loss relief

Holders still get paid in $HYPE, same as always.

Every buy, live: https://t.co/sCKoUQKFCr

[Ascend @AscendLaunch]

The Ascend Litepaper is live.

Stake Hype on Ascend through kHYPE, earn two streams: ecosystem tokens funded by yield, and HYPE funded by protocol revenue.

No protocol token. A 1% trading fee with up to half to creators. Every dollar of protocol revenue buys $HYPE and kinetiq:native.

Supporting token lifecycle from launch to Ascended listings, HyperCore spot listings, and HIP-3 Perps listings through Kinetiq.

We're also giving away 10 WL spots on this tweet to people who like, RT, and tag a friend with one unique mechanism they really like about Ascend.

https://t.co/zNBbxEUW2N

[Signal @SignalFam]

Signal will be supporting @Enter_Elysium on day 1.

Launch tokens there just like you do on HyperEVM.

More details as we get closer to mainnet.

We're already live on testnet: https://t.co/kRxAwsbl6N

[Brian @cryptoboru]

@HyperliquidPC @CFTC Hyperliquid

[DoubleZero @doublezero]

DoubleZero Edge now carries data from @HyperliquidX.

Streams are entirely uncapped, every market, every order, the full L4 book including HIP-3.

Introducing the first-class path to Hyperliquid’s order book, and the fastest commercially available feed on the market.

[Hyperliquid @HyperliquidX]

Open interest reached an all-time high of $18B on Hyperliquid

[shoku @sershokunin]

“Last mover advantage” is one of the most under appreciated concepts in business. There is enormous value in creating the final great development in an established and profitable market. Start with a very deep wedge in a product with high pmf, and then scale far and wide until you reach the end game. Too many examples to list but some very obvious ones.

BlackBerry -> Apple
Netscape -> Google
Taxis -> Uber
MySpace -> Facebook
IBM -> Microsoft
Blockbuster -> Netflix
Binance -> Hyperliquid

-Study Hyper fucking liquid

[jeff.hl @chameleon_jeff]

Most tech giants in the 2000s built their infrastructure and product as one entangled unit. Amazon had the foresight to separate out AWS as an API layer, of which Amazon retail was the first of many users. Today, AWS generates more profit than all of Amazon's other business lines combined.

Hyperliquid is built with the same philosophy. Housing all of finance requires thoughtfully designed, open financial primitives. Each primitive should obey the Unix principle of "Do one thing and do it well." Talented builders then have the foundation to chain these together to create magical applications.

HyperCore borrowing is an example to highlight this philosophy in action.

Most other platforms implement portfolio margin by marking an account's collateral to market value with an LTV haircut, creating borrowed assets without an explicit lender. This system is simpler to implement, but misses a golden opportunity for composability.

Hyperliquid instead begins with a borrow/lend protocol on HyperCore. Every borrowed asset is sourced from a supplier, so risk is isolated within the borrow/lend primitive instead of platform-wide. HyperCore's portfolio margin system is implemented as an orchestration layer that composes borrow/lend, with other primitives such as perps, spot, and outcome trading.

This decomposition has several nice corollaries:
1. Today's announcement of manual borrowing is not a new feature, but simply an extension of the underlying primitive. Borrowers on day one have access to 400M and growing of supplied liquidity.
2. Portfolio margin users earn interest on their idle stablecoin collateral. This is not a new feature, but a natural byproduct of composing trading with lending.
3. System safety is easier to reason about when perp and borrow/lend margining are independent.

In the same way that math theorems almost prove themselves when the right abstractions are defined, composable designs just feel right.

[Hyperliquid @HyperliquidX]

Manual borrows are live on Hyperliquid
Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.

Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.