hypium

gmeow

[HypurrXBT @HypurrXBT]

Anything under $1 is a layup. $PRL

[hypium @hypium]

@donovanchoy the whole point of tokens is not just as a reg arb alternative to equity, its about living in the token monetary system thats why u have team, foundation allocations. you use buybacks to support the token and sell token when you need to fund growth its not rocket science is it?

[HypurrXBT @HypurrXBT]

ethereum:0xca14007eff0db1f8135f4c25b34de49ab0d42766 much more attractive at $0.027.
If $ZEC is the bitcoin of privacy, is ethereum:0xca14007eff0db1f8135f4c25b34de49ab0d42766 the etheruem of privacy?

[Henrik @Henrik_on_HL]

> Multicoin partners allegedly asked Kyle Samani why they owned 47 different governance tokens but no $HYPE for so long. Nobody has seen him since. Insider sources claim Multicoin’s investment process now starts with one question: “What would Kyle do?” Then they do the opposite.

> a16z begged me to unlock some spot $HYPE. They said every dip gets bought instantly and their traders can’t source enough inventory anymore. Chris Dixon asked me what’s the best way to farm s3. I answered that they get a multiplier if they send their spot hype to 0x0000000000000000000000000000000000000000.

> Goldman Sachs heard the rumours that every IPO deal will be frontrun by Hyperliquid traders. They asked if my $HYPE position was “negotiable.” I told them it depends. They asked what price. I said: “higher.”

> Bloomberg called me because their terminals apparently keep getting searches for “HYPE FDV at $100.” They asked if this was a bug. I said no, just price discovery for the house of finance.

> Paradigm asked me to OTC some $HYPE. Fred Ehrsam sounded stressed. Said the desks are completely dry and clients keep asking for exposure. I told him: That’s what happens when your president shills Hyperliquid to the entire world.

> Sequoia called me today at 3am asking if I’d lend them some $HYPE liquidity. Apparently every founder in crypto suddenly became a Hyperliquid maxi overnight. The partner sounded exhausted. I told him: “Makes sense. Price discovery happens on Hyperliquid now.”

> Jump Trading offered me “strategic partnership opportunities” if I’d part ways with my $HYPE bag. I said no. They immediately increased the bid. I said ”keep going, now you understand“.

> Jane Street tried to calculate fair value for $HYPE. They asked me what’s the underlying of a Hyperliquid? After 14 spreadsheets and 3 models they concluded: “there’s not enough spot available.”

> The New York Stock Exchange called at 3am asking why everyone was staring at Hyperliquid. I said: “Because the market was open.” They said: “Which market?” I said: “Exactly.”

> BlackRock asked why their analysts suddenly have Hyperliquid open next to Bloomberg. I said: “One tells you what the market thinks. The other costs $30k a year.”

> CME called asking why traders were increasingly looking at Hyperliquid. They said it was getting embarrassing to watch an asset find its price somewhere else while they waited for Monday morning. I told them: “You spent decades convincing everyone you were the center of global price discovery. Then Jeff added weekend trading.“

Hyperliquid

[hypium @hypium]

@LorenzoARK Thank god jeff is not a dumbass like you

[hypium @hypium]

@dschamis @amazon @HyperliquidX @HypeStrat Hyperliquid AI
Hypelriquid Robotics
Hyperliquid space exploration
Hyperliquid energy

[hypium @hypium]

@lukecannon727 Peak entertainment scenario would be for @tradexyz to do a massive IPO and turn it into a fresh HYPE DAT with proper business, revenue story. Would be a first of its kind.

[GDP @bookwormengr]

You will love it if you want to see a few levels deep https://t.co/0te2tCzLUE

[hypium @hypium]

@0xCryptoSam What if an asteroid wiped all life on planet earth how should we value hype in that scenario 😂

[il.hl @hyperliquidmax]

On Hyperliquid, you can hold 1 BTC in spot, short 1 BTC perp — and the two positions protect each other.

No extra USDC needed.

That's not leverage. That's carry. And PM makes it 10× more efficient. 🧵

Portfolio Margin carry trade, per official HL docs: 👇

→ Hold 1 BTC spot, short 1 BTC-USDC perp at 10x
→ BTC @ $100K: you only pay interest on $10K margin (1/10th)
→ But you earn funding on the full $100K position
→ BTC moves up? PM auto-borrows USDC against your spot — no manual rebalancing
→ BTC moves down? Perp PnL offsets spot drawdown automatically

Borrow rate: starts at 5% APY, spikes above 80% utilization

Mainstream take: "Carry trades on DeFi are complicated — too many moving parts to rebalance."
PM collapses the moving parts into one account.

Spot + perp PnL offset in real time. Auto-borrow handles rebalancing. Idle USDC earns yield automatically.

The protocol also retains 10% of borrow interest as a liquidation buffer — meaning it has skin in the game to keep the system solvent. 🔁

One caveat the docs flag explicitly: when borrow caps are hit, PM falls back to standard margin. Silently.

The risk mainstream PM threads skip:

Liquidation sequence is non-deterministic — once PMR hits 95%, either your perp positions OR spot collateral can be liquidated first. In any order.

At 50% LTV: partial liquidation at 75% of collateral value. Full wipe at 83.3%.

That gap is narrow in a fast market. ⚡

PM is the most capital-efficient structure HL has shipped. It's also the one that punishes imprecision the hardest.

[hypium @hypium]

Using revenue multiples and benchmarking to the average is fundamentally wrong as HL revenue = net income = buyback yield. Apt comparison would be looking at net buyback yield (buyback - dilution) and invert that to get the buyback multiple. this would put fair value of hype above 150-200 at current revenues assuming no growth. One more thing to take into account is that there are very few if not none scenarios where a high growth company does this level of buybacks.

[hypium @hypium]

@izebel_eth @papertrade_xyz @blurr What incentive does the winner have to wait for the profit thats in the queue? Losers have incentive to trade because of PAPER minting but cant see the winner incentive side

Why the 5M cap on LP isnt that a bit less if protocol picks up traction?

[HypurrXBT @HypurrXBT]

End of an era. Thank you for your service @loraclexyz

[hypium @hypium]

This shakeup in defi credit markets could very well be a positive catalyst for HL with upcoming portfolio margin, borrow/lending lot of capital searching for a new home. Remember HL was the response to FTX blow up, what if its also the response to legacy defi crumbling? @chameleon_jeff @HyperliquidX pls show them how its done.

[HypurrXBT @HypurrXBT]

$SYN aka Hypercall 👀

Hyperliquid.

[trade.xyz @tradexyz]

Trade[XYZ] now enables anyone to trade perps on any asset, anytime. Stocks, indices, crypto, and more.

No off-hours, no holidays, just deep liquidity 24/7, 365.

Available now to all users in eligible locations on https://t.co/0pSGkVZKZy.

[hypium @hypium]

@SplitCapital Yes the teams that sell their token OTC, exit long before any investors, pay ridiculous salaries to themselves while doing fuck all development knows the best about when and where to spend the money. (Clue - they will spend it on themselves)

[hypium @hypium]

@sershokunin Slow horses

[Luke Cannon @lukecannon727]

Lots of people say they want to copy Hyperliquid, almost no one actually willing to do it...

Willingness to be entirely self-funded.

Discipline to keep the team lean so this is possible.

Vision to give the token an immaculate conception.

Virtue to set a high bar & stick to it, again & again.

Patience to ignore how you can extract money in the short-term.

Confidence to zoom out from the day-to-day & focus on the next decade.

[hypium @hypium]

@lukecannon727 Funny thing is, just the fact that hyperliquid exists and people now knowing how lucrative the business is basically makes it so that there will be no second best. Same as bitcoin. Once the pandora’s box is open it done