Regarding commentary and questions on the 0xf3f4 user's ETH long:
To be clear: There was no protocol exploit or hack.
This user had unrealized PNL, withdrew, which lowered their margin, and was liquidated. They ended with ~$1.8M in PNL. HLP lost ~$4M over the past 24h. HLP's all-time PNL remains at ~$60M. As a reminder, HLP is not a risk-free strategy.
Max leverage will be updated for BTC and ETH to 40x and 25x respectively to increase maintenance margin requirements for larger positions. This will provide a better buffer for backstop liquidations of larger positions.
Dear People in Pain,
Check your wallet.
As promised, 80% of the 185,976 $SOL raised has been refunded. 💸
All funds sent after block 318346069 (i.e. end of PAINSALE) have also been refunded.
The refunds were sent from this wallet address:
5xhEEf7oaEBEPjQ7rLFoYPrVRSQiZzWRmYtxuSLk22cg
My team will be dealing with the s̶t̶u̶p̶i̶d̶ special cases separately later.
Yours Painfully,
Harold
Introducing $JPEG
We landed on Hyperliquid with one mission: Make JPEGs Great Again. With our native marketplace, we aim to become the easiest platform for everything NFT on-chain, delivering a seamless experience on HyperEVM.
There is no better place to execute our vision than on Hyperliquid, a team that has proven that with the right team and killer product, you can win. At the core of our vision is a simple yet powerful belief: Hyperliquid is where the next evolution of NFTs will unfold.
The key to our ecosystem lies in our native token $JPEG. It powers core mechanics of our marketplace and launchpad, fuels rewards and incentives, and integrates seamlessly into Hyperliquid for deep liquidity – in short, $JPEG is the backbone of DripTrade.
$JPEG will go live on the Hyperliquid spot market at 13:00 UTC / 8:00AM ET on Friday, February 21.
🟢 Token Allocation
The maximum supply of $JPEG tokens is capped at 1 billion. The majority of the token supply (70%) is dedicated to fueling the growth and development of the ecosystem. WOAH BIG NUMBER.
🌐 Token Distribution Details
Initial Airdrop (10%) – The initial airdrop is designed to reward early believers in Hyperliquid and to drive long-term growth on DripTrade. As such, this initial distribution of $JPEG goes to key communities leading Hyperliquid NFT adoption:
- Top HL users (based on volume & holdings)
- @HypioHL
- @hypurr_co
- Fat Cats
- @LiquinaHL
- @karu__16
These groups have paved the way for Hyperliquid and we look forward to working closely with each one to grow the ecosystem.
Community Rewards (40%) – A significant token allocation is reserved for future rewards for the community. Look forward to replacing your day job on DripTrade (or not, we're not your financial advisor).
Ecosystem Growth (15%) – This allocation is dedicated to fueling the expansion of the DripTrade ecosystem by rewarding users, evangelists, content creators, and more.
Early Backers (12.5%) – Strategic partners and core advisors who have helped us scale.
(Follows Token Vesting Schedule)
Team (12.5%) – the m'fing team bro.
(Follows Token Vesting Schedule)
Liquidity (5%) – Reserve to ensure deep order book liquidity and market stability, including HIP-2.
Foundation (5%) – Funding for ongoing R&D, additional liquidity provisioning, and infrastructure.
Token Vesting Schedule – 10% unlocked at TGE (Token Generation Event); 6 month lock period, 18-month linear vest post lock-up.
🛠️ Token Utility
$JPEG plays a crucial role in powering and aligning the incentives within the DripTrade ecosystem. Designed to support the long-term growth and engagement of the platform, $JPEG offers multiple utilities that drive product adoption, user participation, and value accrual.
The utilities include:
- Marketplace functionality
- Launchpad utility
- Governance
- Advanced access & tooling
🚀 The Future
With the launch of $JPEG, DripTrade reaffirms its commitment to the Hyperliquid ecosystem. This is day 1 of our journey to writing the next chapter of Hyperliquid. 💦
For those asking for a CA (contract address) from me, no, I am NOT issuing a meme coin. I am just posting a photo of my dog and his name, as some of your requested.
I also took advice from this thread yesterday. Let the best meme coin in the community win. 🙏🙏🙏
Broccoli's Story
A year and a half ago, I casually chatted with a friend who owned a (real) zoo in Dubai. Curious, I asked what dog breed is adapted to the Dubai summer heat. I had no plans to get a dog.
Later that evening, my doorbell rang, and a young Belgian Malinois showed up, with his own passport, courtesy of the zoo friend.
I wanted a name that starts with B and has some green in it, so I named him Broccoli. It also has a blocky sound, as in blockiichain. Can't get away from crypto, haha.
Broccoli's passport says he was 3 months old, but a vet said he was more like 11 months old, given how his teeth have grown.
Regardless of age, Broccoli bonded with me quickly.
Broccoli (like me) was not properly socialized. He doesn't socialize with other dogs much. (Like me) Broccoli is scared of everything. If you throw a ball at him, instead of chasing it, he runs away like a plague. On top of that, (unlike me) Broccoli was not toilet trained, so there was dog piss and poo all over the place.
Broccoli has lots of energy. Walking doesn't drain enough of his energy, so I bought a $200 bicycle from Amazon to “walk” him. He jogged for an hour (15km) on the first run without stopping. His stamina is impressive.
These hour-long bike rides provided a good break for me from the intense negotiations with the DOJ back then.
After being away for almost a year, Broccoli remembers me well and always wanted me to pat his head.
Broccoli is a strong and confident dog now.
If you had asked me before last night, I would never have imagined that Broccoli would be part of the blockchain ecosystem. But here we are. There is never a dull day in crypto.
I am just posting my dog's picture and name. I am NOT issuing a meme coin myself. It's up to the community to do that (or not). I will likely interact with a few of the more popular meme coins on BNB Chain (BSC).
The BNB Foundation may provide rewards for the top memes on the BNB Chain, giving LP support or other rewards. The details are still being discussed. More to come.
Pictures: Broccoli 18 months ago, his teeth 18 months ago, and today.
🎁3 WL GTD GIVEAWAY
İyi akşamlar herkese, @LiquiBots koleksiyonu Hyperliquid ağının ilk ai agent tabanlı NFT koleksiyonudur. 3333 Supply olacakmış, art'lar ve websiteyi çok beğendim.
$HYPE teşviklerinin %38'i hala dağıtılmamış durumda ve mainnetten sonra dağıtılmayı planlanıyor. Ağ üzerinde tx, hacim, varlık bulundurma (NFT,Token) gibi faliyetleri yerine getirmeye çalışalım.
Şartlar;
Takip: @2LoudNetwork & @LiquiBots
Like✅+RT🔁
24H
Hello, this is QueenMaker.
[NEW] Liquina AI (Bot): https://t.co/iIo57ktktL
[NEW] Liquina & LQnians (Group): https://t.co/h7f5Pj39cz
[NEW] Liquina Announcements (Channel): https://t.co/ARoO3QXR82
[NEW] QueenMaker (User): https://t.co/DEemIQhhbr
We sincerely apologize for the inconvenience caused by the issue with our Telegram account. While the exact cause is still unclear, QueenMaker has not violated Telegram's policies, and it is presumed that the account suspension was due to external factors, such as hacking.
We have officially submitted a recovery request to Telegram, but such cases often experience significant delays. To ensure seamless operations, we have decided to rebuild our groups and channels rather than passively waiting for recovery.
All interaction data accumulated through the LQnian Account (BP, RT, Auction, etc.) is safely preserved. Liquina AI (Bot) is now fully operational, and to continue using the new bot account, please /start a private chat. LQnians auction will resume from the last unbid #78 auction on 2025-01-04 16:00:00 UTC.
Further updates regarding whale chat will be provided soon.
We sincerely apologize once again for the inconvenience caused.
Thank you for your understanding and continued support.
- QueenMaker