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@TimeswapLabs⌛,⌛

[Turtle @turtledotxyz]

We are hiring: Diligence Council Analyst.

We’re building a decentralized DD council.

If the first question you ask is “where does the yield come from?”, we want to hear from you.

To apply, comment below and fill the form. We want to see your account

[D2 Finance @D2_Finance]

Another Difficult Personal Decision

We’ve made the difficult personal decision…to stay miles away from every FAKE stablecoins out there and continue trading on @HyperliquidX, where we can literally reverse exposure in minutes with minimal market impact. 🤣

Not because @PacmanBlur, @SmokeyTheBera, or @pauliepunt’s ex–best friend 🤣have been calling this BS out — but because if most of your assets sit off-chain, you should NOT be called a stablecoin, and you definitely shouldn’t be looping leverage on top of something that is illiquid by definition.

@pythianism called it “RWA looping” (conveniently aligned with @hiFramework’s latest investments — we understand it’s easy to sell LPs on a pivot to AI infra during AI-mania kek), but if Buffett called derivatives WMD back in 2008, then looping on illiquid assets with dubious transparency and spreads that clearly can’t outlast on-chain borrow costs is just the tokenized version of WMD.

⸻

Why D2 Doesn’t Touch That Stuff

At D2, we made very conservative design choices since December 2023, and we never marketed our stablecoin-deposit strategy as a “stablecoin.”

Even without a single down epoch (yet 🙏💚), calling it that would have been misleading — that’s exactly why we named it ETH++ and now HYPE++, so users wouldn’t get confused.

https://t.co/bQQL9yZQfc

Our triple-audited architecture guarantees that all users can withdraw at the same time, under the same conditions, during the withdrawal/deposit window:

https://t.co/Pne9KckV1J

This is why even @StreamDefi could withdraw their entire position in one transaction without affecting any other user.

(Receipts attached 👇)

And — broken clock or not, right twice a day 🤣 — Caleb invested in both d2HYPE and HYPE++, and made money in both.

⸻

With the Premise (as @GearboxProtocol correctly pointed out) That Looping is Broken…Curious to See How Others Try to Fix It

I’m genuinely curious how
@sonyasunkim, @3f_romeo, @3FLabs @MikeIppolito_
try to solve this fundamental mismatch, as they discussed on @thebellcurvepod:

https://t.co/aZ1qyPdy1a

But when your last hedge-fund employer is https://t.co/XCqCBxuB2T — the largest private lender in Asia with $50B AUM — forgive us for being skeptical that it’s “good” to tokenize and loop leverage on private credit, or anything with the liquidity profile of private credit.

Private credit is a lawyers-and-paranoid-people game.

You negotiate covenants line-by-line, and you need a very specific skillset — the one my ex-colleagues at https://t.co/XCqCBxuB2T had.

That skillset is nothing like what Vance learned at Framework. Sorry, mate. VC is a home-run business.Private credit is precision-risk management.

And definitely completely different than the ‘skill set’ @Re7Labs @MEVCapital @hyperithm @TelosConsilium showed ( or lack of, kek)

⸻

And One Last Funny Note…

Sonia referenced @FasanaraDigital MF1as an example of illiquid private credit ( we like the flowcharts 💚)

The stablecoin that Stream Finance used to repay the loan against MF1?

It came from their withdrawal of HYPE++ in one transaction, without any impact on other users.

So to anyone exposed to @StreamDefi: you’re welcome. 💚

Hyperliquid

[D2 Finance @D2_Finance]

Yeah, I think with that ‘prop trading mentality’ is on average better ROI to just do it yourself.

It’s a completely different animal when you’re managing other people’s money — been there for 15 years 😅

That’s why people still go to Millennium, BAM, etc… and honestly, sometimes we ask ourselves the same thing, kek.

Trading skill is just one part to run HF business — and it’s not even clear how big that part is.

At D2, we’re still kicking, definitely also because we got lucky to find great users early 💚

[D2 Finance @D2_Finance]

Simply insane that D2 Finance is the only sophisticated on-chain allocator ( if you just deposit in lending you not deserve a fee kek) where every user is guaranteed — by audited, immutable smart-contract logic — to withdraw at the exact same NAV.

No “withdrawal queue”.
No “who exits first wins”.
No hidden losses passed to the last LPs.

This should be the standard across DeFi. Instead… we’re the anomaly. 😂💚

🔗 Architecture:

https://t.co/Pne9KckV1J

✅ Triple audited:
https://t.co/g3c6CC56sl

Hyperliquid

[Turtle @turtledotxyz]

https://t.co/1k1baTgQNA

[Shoal Research @Shoalresearch]

Coordination has long since been a challenge in capital markets, but it becomes especially prevalent on the
open, composable, rails of DeFi.

In our latest piece, we explore how @turtledotxyz is building the investment bank layer for DeFi 🐢

[Yuki 🍓 ₍^. .^₎⟆ @0xyukiyuki]

yuki is once more diving into Hyperliquid territory to uncover the greenest alpha onchain 💹
​
Today, we're taking a look at @D2_Finance 👇
​
TL;DR - D2 is a High-yield, institutional-grade platform designed to earn from RWAs, stables, BTC, and more tokenized strategies

D2's actually been around since 2023, but they've been growing faster and faster in the past few months
​
The $17M and counting in TVL are actually the highest the protocol's ever seen
​
And that's thanks to a good variety of strategies attracting different types of investors with different risk appetites
​
💹 The Stablecoin Strategies
​
They all revolve around Delta-Neutral, arbitrage, and getting liquidity incentives
​
The strategies' pages are clear with all the info you need to make a choice and highlights the type of risk right away 👇

💹 BTC and RWAs Strats
​
You have these ones as well, and they make good use of both volatility and arbitrage
​
They also have the best BTC yield around: the hXXI starty epoch with an average of 10.50% yield
​
All realized yields, net of fees and without hidden IL
​
In the case of RWAs, they're also fully compliant where it's needed
​
💹 They're live on multiple chains
​
Hyperliquid and hyperEVM are obviously the major players with some of the best yields
​
But Arbitrum and Base are also present with some great options
​
Add in some extra names like Berachain, ETH Mainnet, and Core for the SolvBTC play (though I'm not sure if it's active at the moment)
​
🍓 This seems like the perfect playground for yuki
​
All these stables and BTC plays with clearly highlighted level of risk make my fingers tingle
​
Time to DYOR deeper ^^

[D2 Finance @D2_Finance]

Best $BTC real yield in all of DeFi — and farming @unitxyz and @HyperliquidX S3 at the same time? 🤝 Any thoughts, @phtevenstrong? 👀

hXXI just wrapped an exceptional epoch:

✅ +11% APR last epoch
✅ 10.6% APR since inception (+3.7% cumulative)
✅ No exposure / risk for most of the period

We wrote weekly BTC calls right after the FED meeting, harvested strong yield early on that event premium, then sat flat — patiently — while everyone else got rinsed on 10/10.

When volatility clustered post-10/10, we were ready — the perfect setup to sell calls into the “short squeezes.”

Big thanks to @Rewkang for the yield — @GMX_IO Kang-era yield memories live forever in our PNL. 🫡 (Still hoping Robots become a thing so you can keep punting 🤖)

💎 Why hXXI Keeps Winning:

BTCfi is still mostly a farm-and-dump points machine wrapped for retail exit liquidity.

hXXI, instead, delivers real BTC yield — and in the next epoch will be upgraded to trade through our CoreWriter audited integration on @HyperliquidX by @cyfrin:
https://t.co/vfUQzFhVSW

Also to note for hXXI last epoch $BTC never left @HyperliquidX .

It’s options trading on @DeriveXYZ and @flowdesk_co collateralized by excess margin from other D2 strategies like HYPE++ and dgnUpside (which receive interest) through synergistic cross-margining.

Where @ryskfinance users must post 1:1 BTC per call and pay MM + protocol fees, D2 nets synthetic exposure internally at MID, using dgnUpside’s long OTM calls for natural offset.

No middlemen to pay.

PNL clears natively within @HyperliquidX architecture — transparent, efficient, and composable.

Congrats to all early hXXI depositors — you’ve been the top BTC yield performers in DeFi, beating every DAT or BTCfi vault we’ve seen by real yield and no bullshit.

Hyperliquid x D2.

hXXI = real BTC yield, zero bullish.

New epoch just started.

[Turtle @turtledotxyz]

https://t.co/3WSXLkFNYj

[3lixbt (🗣️,🤝) @3liXBT]

Claims for $TURTLE open in less than 20 minutes.
HERE IS ALL IMPORTANT INFORMATION (tldr at the end):

If you claim instantly, you forfeit up to 30% of your allocation.
If you wait the full 12 weeks, you not only keep everything but stack multiple extra rewards on top.

Here’s what you get for waiting:
> full $TURTLE allocation (no forfeiture)
> Season 2 rewards from forfeited tokens (these only go to people that waited full 12 weeks)
> Staking yield counting from the moment claims go live
> Boosts and multipliers for S2 yields
> Partner incentives

The difference between instaclaiming and claiming after 12 weeks can easily double your total $TURTLE. This means you’re basically earning ~433% APR for the 12 weeks (!!!)

TLDR:
- Claiming early = giving up a lot of yield.
- Claiming after the vesting ends = Earning 400-500% APR on your tokens.

Don’t rush to dump, smart farmers have patience.

[Turtle @turtledotxyz]

Turtle has raised an additional $5.5M, bringing total funding to $11.7M.

Now supported by 150+ of the world’s largest onchain liquidity providers, Turtle is building the foundation for onchain liquidity distribution, with over 360,000 connected wallets and more than $5.5 Billion in liquidity routed to Turtle partners.

[Turtle @turtledotxyz]

The $TURTLE airdrop checker is LIVE.

Check your eligibility.

https://t.co/0NYlBMsqDq

[Turtle @turtledotxyz]

Introducing The Avalanche Awakening 🔺

A joint campaign with @AvaLabs to activate liquidity across @avax. Built on Turtle’s Liquidity Distribution layer with strategies by @tulipacapital.

• 25,000 $AVAX in liquid rewards.
• 3 curated vaults (Stables, BTC, AVAX)

[Turtle @turtledotxyz]

https://t.co/w6FeH8mVFa

[Big Iron Chris @bigironchris]

TURTLE is the first token to have value accrual to billions of decentralized liquidity protocol deals

[Turtle @turtledotxyz]

We’re proud to introduce $TURTLE - the foundational token for onchain liquidity.

Built to align LPs, partners, and protocols under one standard.

[Picolas Cage @Picolas_Caged]

$TURTLE tokenomics for @turtledotxyz are here:

> 1B supply
> Roughly 13.90% airdrop

'The majority of $TURTLE flows to the community.'

Tokenomics are fair and good. No idea about valuations, we'll have to see on the day!

Honestly, I think the entire process has been flawless.

It's been really enjoyable to watch Turtle grow and see them succeed.

Wishing all the team the best for whenever TGE is.

You know the big the difference for me? Compared to other protocols?

After TGE I will absolutely still use their product - I'll also continue to post about them, organically.

I don't think there are many people doing kaito leaderboards who can say the same.

That's not a weird moral flex, it's just me appreciating the @turtledotxyz product.

[D2 Finance @D2_Finance]

At D2 Finance we wear many hats as a @HyperliquidX-centric protocol — by TVL, deployment, millions traded on HyperCore daily, and CoreWrite integration (where we’ve dedicated all our limited resources as a bootstrapped team).

We expect all our strategies will evolve alongside $USDH.

The first real vote on $USDH shouldn’t be about who gets it.

It should be a yes or no on whether it even makes sense to externalize in the first place.

We agree with @HatashiYamatomo of @hyperbeat that the current 5-day voting window feels rushed for such a critical decision.

Validators deserve the time to properly assess whether externalization is right, or whether the best path is to keep it ‘in-house’ — perhaps through an updated compliant structure (to fit the Genius Act), or via a separate entity, acquisition, or partnership.

It’s fine if this takes a few months, as long as it’s done right.

We have complete confidence in the Core team @chameleon_jeff @xulian_hl. They’ve already proven their vision and execution at the highest level, and earned the trust of builders like us.

Their decentralization path is welcome, but there is immense value in knowing that the buck ultimately stops with them.

The unquantifiable anchor of USDH’s value is the 100% integrity and accountability Jeff, Xulian, and the Core team have consistently demonstrated.

T-bills backed stablecoins are obviously in ‘easy mode business’ when USD yields 5%. But if T-bill yields fall back toward zero, only Core-led governance and accountability will ensure USDH remains resilient.

Any new structure must meet that same standard of excellence — the very reason we build on @HyperliquidX every day.

Hyperliquid-first. 🫡

[lennieyoo 🫐 @lennieyoo]

@D2_Finance making moves 👀

With 2+ years on-chain track record, @D2_Finance is growing TVL step by step with solid APRs and now they’re slowly migrating to @HyperliquidX

See some of the strategy APRs in the next post 👇

[D2 Finance @D2_Finance]

We pulled the trigger on a second buyback last week at $38.14 — kept it under wraps while waiting on some integrations to go live 👀

As always, buybacks get funneled straight into our strategies, flowing back to the wallets of our biggest supporters.

Alpha’s coming… let’s just say it’s heavily @kinetiq_xyz and @pendle_fi coded.