Y.23 🐻 🚀

web3 explorer 🐻 🚀 📸 united 👺#MUFC

[MOM @mom_agency_]

This is why GPUs cost $6,000

[Y.23 🐻 🚀 @halftimeutd]

@claudesfun Hihu

[Y.23 🐻 🚀 @halftimeutd]

Join me on the Jumper waitlist. https://t.co/UaTZNikNAC

[Y.23 🐻 🚀 @halftimeutd]

My $VENTRA allocation: 130,320 $VENTRA

Every Arbitrum One transaction I already made counts toward it. Check what you are owed:

https://t.co/4mNN2DzTVq

@ventranxyz

[Y.23 🐻 🚀 @halftimeutd]

@gooddream_ntd ระบบเปนแบบนี้ตั้งแต่ปีที่แล้วละครับ ไม่คิดจะแก้เลย จะเอาแต่ยอดจอง

[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.

[Troll Football @TrollFootball]

Clear onside

[Y.23 🐻 🚀 @halftimeutd]

เบอลาด้า วิวคอก โคตรกาว project150 ไรของมรึง

[Troll Football @TrollFootball]

Karma has no menu, you get served what you deserve.

[Y.23 🐻 🚀 @halftimeutd]

@yatachi_97 ไม่เกี่ยวกับแฉลบครับ มันใกล้เกินไปหม่ถือว่ารีเซทล้ำหน้า แต่ก็นั่นแหละ ไม่ได้โทษอย่างเดียว วันนี้ มันหบายเหตุการณมากโดยรวมเราแย่จริงๆ

[Y.23 🐻 🚀 @halftimeutd]

จีนเทา

[Jadz | TP SQUAD @justjadz]

Missed NuiLai ? 👀

0x9bfe38837cd3373345d28920c04cb81c1a7b7777

[Y.23 🐻 🚀 @halftimeutd]

https://t.co/PN63C3a2Nk
ตามเจ้ไป

@northbookprop

[Y.23 🐻 🚀 @halftimeutd]

Trade with me on fomo and get 10% off fees!

https://t.co/qxiqwoh3ip

[Apple @Apple]

ขอแนะนำ iPhone Duo, iPhone 18 Pro, Apple Watch Series 12, Apple Watch Ultra 4 และ AirPods 5

[Y.23 🐻 🚀 @halftimeutd]

SOL Learn to Earn https://t.co/MbbKUcA6IV

[Y.23 🐻 🚀 @halftimeutd]

@Bonfire6996 5555

[Y.23 🐻 🚀 @halftimeutd]

Just checked my wallet and I'm officially part of the $CABAL cabal.

I'm eligible for the BASECABAL DROP and have been allocated 87,400 $CABAL tokens.

Check your own wallet to see if you're eligible:
https://t.co/TBVy9YTptX

#BASECABAL @Basecable

[Y.23 🐻 🚀 @halftimeutd]

Next my prediction

🇵🇹 2 more goals
🏴󠁧󠁢󠁥󠁮󠁧󠁿. 1 more golas

@Overtime_ioClub @Overtime_io