onoore.hl 🌍 ☮️

Class of '19

[onoore.hl 🌍 ☮️ @redrightcat]

@alphaomegacat Thanks for this great comprehensive article. Is the product live? If so, can we try it?

[onoore.hl 🌍 ☮️ @redrightcat]

@SP_YO_ @ryskfinance No risk? You must try to understand options better, otherwise big losses are imminent. Careful man.

[onoore.hl 🌍 ☮️ @redrightcat]

@medbdy Where can we check and compare other major applications on canton network?

[onoore.hl 🌍 ☮️ @redrightcat]

@CosimoCapital @YuvalRooz Where we can watch the metrics of CC token, like burn rate, token emissions, vesting scheme etc.?

[onoore.hl 🌍 ☮️ @redrightcat]

Great job.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Multiple "InfoFi" crypto projects crash after X says they will no longer allow apps that reward users for posting on the platform.

"These projects were paying us millions for Enterprise API access. We don’t want it," Head of Product Nikita Bier says.

This is huge.

[nairolf @0xNairolf]

> build a perp dex
> launch points
> tease airdrop in 6-9 months
> farm 8 figs in fees pre-tge

probably ~10 teams doing this rn, fuck

[onoore.hl 🌍 ☮️ @redrightcat]

@tervelix “HLP allowed insider whales to farm the majority of the rewards” huh?

That means you don’t know anything about what you are talking. Every early hyperliquid user would laugh their asses off at this.

[onoore.hl 🌍 ☮️ @redrightcat]

@Vortex_VB007 @variational_io There won’t be an orderbook since its a RFQ exchange in which you are directly trading against OLP.

[onoore.hl 🌍 ☮️ @redrightcat]

@fourbitcoin Violent repricing as a service

[onoore.hl 🌍 ☮️ @redrightcat]

@fourbitcoin Yeah, absolutely violent repricing 👏👏👏

[Syc.hype @Sychype]

So let me get this right, a large Lighter investor spends 2months of his life to write an article on Hyperliquid's ADL without understanding the core concept of how Hyperliquids ADL works and basing it off rounded figures and presumptions

After 2 months of research he "forgot" to include he was a lighter investor in the article and needed to be reminded to edit his post

(Oh he also holds spot hype, because if you invest millions into one company that is pre launch and any amount into a live token that definately means you are invested in both and unbiased)

-> could have spent this same time investigating into binance the lead cause of the liquidation event and how they profited off their users during the event and tried to push the industry forward and off the greedy CEX's

-> could have written the article on how lighter went down for 10 hours and was unusable leading for users to not be able to trade, withdraw or operate during this time, losing hundreds of millions if not more for users

But instead chooses to write clickbait about the competition of his investment as he knows that this way will get more engagement and potential damage to opposition

Kind of insane how desperate the industry leads who are "academics" push whatever narrative that suits them and their bags the best

Trying to sound smart while not being legible for your audience to read is telling that you need to mask your intentions with convoluted wording

Do better

[onoore.hl 🌍 ☮️ @redrightcat]

I just earned 18.77% APR in upfront premium on UBTC with Covered Calls.
Join me on @ryskfinance: https://t.co/DFyqgoOlFA

[onoore.hl 🌍 ☮️ @redrightcat]

@Wisdom_HQ A sad story

[Solcu Gazete @solcugazete60]

Murat Ağırel:

“Bugün Çaykur Rizespor–Fenerbahçe maçı vardı. Rize ilk yarıyı 2-0 önde kapattı.

Legal bahis sitelerinde canlı bahis oynayanlar, Fenerbahçe 2-0 geride olmasına rağmen ‘Fenerbahçe kazanır’ seçeneğini oynamak istediklerinde sistemin buna izin vermediğini gördü.

İlginçtir ki skor 2-2’ye geldikten sonra ve oranlar düşünce aynı seçenek tekrar açıldı ve bahis yapılmasına izin verildi.

Peki neden?

Çünkü bahis sitelerinin risk yönetimi birimi, bu kritik bölümde canlı bahis seçeneğini geçici olarak kapattı.

Mantıkları da şu: ‘Eğer maç dönerse çok büyük para kaybederiz.’

Yani insanlar büyük para kaybettiğinde sorun yok; ama şirket kaybedebileceği noktaya yaklaştığında anında risk birimi devreye giriyor.

Yasadışı bahisle mücadelenin bir ayağı da yasal bahis sitelerinin hesap vermez tavırları ile mücadeledir!”

[onoore.hl 🌍 ☮️ @redrightcat]

@spicyofc Scrolled to the end just to check if Cred’s were on the list 😊💯

[MONK @defi_monk]

Responding to my pals @tulipking and @CookerFlips here.

As always, starting with some things I agree with:

10/10 was objectively bad for all perp exchanges and there was a ton of value destruction involved with their core user cohort. It will take time to work through this recovery, but I just don't believe perp interest is in secular decline.

Yes, you can spin builder code front ends like Phantom into something that becomes detrimental in the long-run (akin to Jupiter becoming the more valuable piece of real estate vs. the underlying DEXs that feed into it).

However, builder codes are so early on in their lifecycle that each new major front-end expansion will only fuel Hyperliquid's story for the foreseeable future.

Currently, these are huge BD wins for HL and are incremental revenue drivers.

Now to make some other things clear:

The strength of Hyperliquid's competition has been grossly overstated for months now by CT.

It is pretty common knowledge at this point that Aster and EdgeX have next to no retail flow and are basically just funneling volumes across a few accounts. Lighter is less egregious but even then there's far more inventory neutral wallets driving paper volumes to farm points.

Would venture to say that Lighter's volumes are likely 70-80% mercenary, and even paid accounts are currently receiving more incentives per $ of fees paid. Will not even comment on the other "competitors" because at least Lighter deserves to be in the conversation.

10/10 and worsening market conditions have only made it harder to compete against the incumbent. No one wants to be on a less lindy perp DEX after that fiasco.

Looking at Hyperliquid's monthly volumes and OI, there isn't even a trend reversion. This protocol has remained in growth mode and is about the only phenomenon onchain that actually hasn't slowed down in recent quarters (don't even try to check Solana REV numbers - it's bad).

I'm not naive enough to think that there are going to be any safe havens in this market if $BTC keeps making lower lows. But if you want to express that view, why would you short 1 of 2 coins that actually has been exhibiting relative strength?

This seems low R:R for several other reasons:

- Wouldn't be surprised if $HYPE has another fastest horse moment on a bounce / recovery

- There's literally a DAT on the cusp of registering and plowing $300M into this chart

- There are still somehow people concerned that Jeff is going to FSH the HYPE chart with his team supply (I expect some word on this soon)

- Hyperliquid has somehow managed to jumpstart another secular growth vertical in equity perps - which is actually a less cyclical business. In the last month, tradexyz has already generated over $1B in equity perps volumes with two initial tickers under heavy OI caps. They've been shipping new tickers at an absurd pace and other deployers are about to enter the race.

This has nothing to do with OP but there's this strange obsession on CT where ppl want to pit protocols that have nothing to do with Hyperliquid with Hyperliquid - probably because $HYPE is the one token that has actually escaped the trenches this cycle and is building a durable case to stay in the top 10.

That's not a fluke. This is the best product to come out of this cycle and has one of the largest TAMs in crypto or elsewhere. An everything exchange that lets users trade spot, perps, crypto, stocks and commodities is quite literally a holy grail application and no one else is further along on this vision besides Robinhood.

Instead of comparing lesser protocols to Hyperliquid, more time should be spent scrutinizing the tokens still in the top 15, and question whether or not it makes sense that these names even deserve to be in the same category.

Hyperliquid today is about as cheap as it's ever been considering its current and forward-looking revenues.

[onoore.hl 🌍 ☮️ @redrightcat]

@DidiTrading Which indicates that OTC values are fake.

[onoore.hl 🌍 ☮️ @redrightcat]

@TobbyKitty Kedi ve ulaşamadığı ciğerle ilgili atasözünü hatırlattı bu :))

[onoore.hl 🌍 ☮️ @redrightcat]

@NMTD8 Already done after their very first attempt.

[onoore.hl 🌍 ☮️ @redrightcat]

We won’t support bad actors in this space, just as @cz_binance said once upon a time.

#hyperliquid

[onoore.hl 🌍 ☮️ @redrightcat]

3 weeks ago when I first registered, I was 6600ish on the waitlist. I thought I was privileged as an OG HL trader with 10M+ perps volume. Now, I'm 6900th in line. Absolute shit show.

@tradexyz on any asset, 24/7 (LMAO)

Join here: https://t.co/9qSli0Udne