๐จ Less than 3.5 hours until $HORSY launches on @HyperliquidX spot! ๐๐ฅ
Launching today at 14:00 UTC โ with the same tokenomics as bonded on @Hypurrfun:
๐ฐ Market Cap: $245.60K
๐ Price: 0.36679
๐ TVL: $81.13K
๐ข Total Supply: ~669,538 $HORSY
$HORSY powers everything in V2.
Have you seen the new GitBook yet?
๐ https://t.co/DBiizbguGT
Missed the Genesis mint? The collection is live on @drip__trade :
๐ https://t.co/OBR3qV03Ds
The countdown is on. Saddle up ๐ด๐จ
โผ๏ธ Gitbook & $HORSY Spot launch
Last week marked a major milestone for Horsy ๐
We successfully completed our Genesis mint with 1,120 unique Gen 0 Horsies entering the stables โ setting the foundation for everything thatโs to come. The energy was real, and this is only the beginning.
Weโre now shifting gears as we finalize something special:
๐ The Horsy GitBook โ dropping later today.
Itโs a deep dive into the full ecosystem: V1 & V2 game logic, boosts, traits, marketplace, token utility, and a full overview of all contracts and mechanics. A must-read for any true stablemaster.
And nowโฆ the moment many have been waiting for:
๐ฅ The $HORSY Token Launch
Originally fair-launched on @Hypurrfun back in November 2024, we battled through a rough market and testnet era โ and secured our bond on @HyperliquidX this February with a winning bid of $52,731.12.
At bonding: ~690K supply | ~$245K market cap | ~$0,36
๐ Launch Date: Saturday, June 7
๐ Time: 14:00 UTC
๐ Live on: @HyperliquidX spot
$HORSY will power Horsy V2. The $HORSY token isnโt just another ecosystem coin โ itโs the core fuel of Horsy V2. Everything that matters will run through it.
๐๏ธโโ๏ธ Want to train your Horsies and boost their performance? Youโll need $HORSY.
๐ Looking to breed rare champions and expand your stable? Thatโs $HORSY too.
๐ Purchasing usable ingame items? $HORSY
And yes โ there may even be deflationary burn mechanics tied directly to gameplay. ๐ฅ
$HORSY will be the lifeblood of progression, strategy, and long-term value.
This is the beginning of real utility โ not just a token, but an economy. ๐ฐ
The race is on โ and weโre building for the long run. ๐๐โจ
โ The Guaranteed Phase has officially ended!
๐ Phase 3: Public Mint is NOW LIVE โ June 2 @ 19:00 UTC
๐ https://t.co/0SV10zScXN
โณ 24 hours to mint
๐ฐ Price: 2 $HYPE
๐๏ธ Limit: 5 mints per wallet
๐งฌ Max Supply: 5,555 Gen 0 Horsies
This is your final shot to claim a Gen 0 Horsy โ the foundation of the game.
Gen 0s will be essential in V2 Racing, with breeding mechanics (โ๏ธ+โ๏ธ) that let you grow your collection and dominate the stables ๐๐ฅ
Whoโs pulling that Legendary Stallion?
Letโs ride. NEIIIGHHH ๐ด๐จ
โ The Whitelist Phase has officially ended.
๐ Phase 2: Guaranteed Mint is now LIVE โ as of June 1 @ 19:00 UTC.
Eligible wallets include:
โ All @HypioHL (delegated wallets) and $HORSY holders (snapshot: May 22 @ 21:00 UTC)
โ Top 50 @drip__trade leaderboard
โ Winners from our @HyperliquidX ecosystem frens:
@LiquinaHL@HypersOnHL@ReverseUnitBias@SaveTheWhal3s and more
โณ 24 hours to mint
๐ฐ Price: 1.5 $HYPE
๐๏ธ Limit: 1 mint per eligible wallet
๐ผ Total wallets guaranteed: 4334
If your wallet made the list โ your HORSY is waiting ๐
Whoโs pulling that Legendary Stallion? ๐
Letโs ride. Neiiighhh.
Lets go ๐ฅ
Honestly so stoked to see Horsy finally coming to life, the project has been through some huge pump and dumps and a lot of toxicity in the @Hypurrfun trenches but @siferbel has kept building it from the ground up for the last 7 months
And this is just the beginning, really excited for the reveal and the V2 game which should bring a lot of fun to hyperEVM, hope i pull a legendary horse ๐ค
Neiiigh Horsy ๐
๐๐ TOKEN POOLS & BET SIZES ๐๐
HORSY V1 launches at 14:00 UTC on HyperEVM!
Youโll be able to bet using $HYPE, $feUSD, $PURR, $BUDDY & $RUB across 4 pools per token.
Weโre starting with low & high tiers so everyone can join the fun โ from casual gamblers to full-on degens!
Approximate pool values: $10, $25, $100, and $250 โ depending on token price fluctuations.
๐ After every race, the pools reset and a fresh one opens!
๐ The first 5 pool winners each get 100 $HORSY once we launch on @HyperliquidX!
More tokens & pools coming soon โ got suggestions? Drop โem!
Saddle up โ itโs gonna be a wild ride! ๐
@alrightbuddyHL @Ramen_HL @HyperliquidX@HypioHL
๐๐ HORSY UPDATE ๐๐
Gm racers and HyperLiquid fam!
We know the past few months havenโt been easy โ thanks for hanging in there with us.
We want to sincerely apologize for the delay in launching the HORSY project. Market conditions and technical hiccups led us to postpone โ tough call, but the right one.
To those who stayed with us: we see you, and we appreciate you. ๐
Now for the good news:
HORSY launches on HyperEVM this Sunday, May 4 at 14:00 UTC!
Tomorrow weโll reveal the launch pools and betting sizes. Plus, some giveaways are on the way.
Horsy NFTโs will follow soon after! ๐
Hold your horsesโitโs gonna be a wild ride! ๐๐ฅ
There's been a lot of discussion on Hyperliquid's margin design. Iโll address some flaws in the common arguments and explain Hyperliquid's first-principles based approach to improving the system. To my knowledge, this is the first such design in margining systems.
Perhaps other teams will find it useful for their own logic. Like good theories in physics, the best margining design is simple, canonical, explainable, and works in a wide variety of pathological scenarios.
1. The conclusion of some people has been that there needs to be a centralized force that detects and limits malicious behavior. This completely violates the purpose of defi and everything Hyperliquid stands for. This forces users back to a web2 world where the platform has the final say. True decentralized finance is worth it, even if it is 10x harder to build. Just a few years ago, no one believed DEX/CEX volumes would reach its ratio today. Hyperliquid is leading the charge here and has no intention to stop.
2. Some assume that copying approaches from CEXs will work in defi. The most common suggestion I've seen is per-address margin requirement fraction scaling with position size, as CEXs only offer higher leverage for smaller positions. However, this doesn't work to prevent manipulation attempts on a DEX because a sophisticated attacker can easily open positions on many accounts. Nonetheless, this will help somewhat reduce the impact of "organic whale" positions and is on the list of features to implement.
3. Another suggestion is to implement some features that severely limit usability of the platform in exchange for safety. For example, if unrealized pnl is not withdrawable, many attacks are not possible. Indeed, Hyperliquid pioneered isolated-only perps for illiquid assets which feature this safety mechanism. However, this change would have a crippling effect on funding arbitrage strategies, where unrealized pnl from Hyperliquid needs to be withdrawn to offset the loss on other venues. Real user needs are a top priority in system design.
4. There were also suggestions to innovate on design by having margin settings based on global parameters. However, liquidation prices need to be deterministic functions of price and position size. If global parameters such as open interest were added as inputs to margin requirements, users would lose confidence in the ability to use leverage at all.
So what's the answer? We all want defi, but a permissionless system must be robust to manipulation at all scales.
The answer lies in understanding the true problem with large positions: they are difficult to mark. The first order approximation of mark price times size breaks down when market impact approaches maintenance margin. It's impossible to accurately simulate market impact because book liquidity is a path-dependent function of time and actions of other participants. Without simulating market impact, it can be possible for liquidation to be a low-slippage way to exit at a price that is unfavorable to the liquidator.
Therefore, Hyperliquid's margining system update has the following desirable property: any liquidated position is either a loss relative to entry price, or at least a (20% - 2 * maintenance_margin_ratio / 3) = 18.3% loss relative to the last margin transfer out (using an example of 20x leverage). An organic 20x user who makes 100% return on equity after a 5% move will still be able to withdraw the majority of the pnl without closing the position. However, by introducing separate margin requirements between transfers and opening new positions, profitable manipulation attempts require moving the mark price almost 20%. This kind of attack is infeasible from a capital perspective.
Finally, I'd like to point out that the mark price problem also solves itself as market makers continue scaling up on Hyperliquid. It's quite possible that the trader yesterday could have lost money in aggregate. $1.8M pnl longing on Hyperliquid could have been more than offset when pushing the price on other venues, or using other accounts on Hyperliquid. HLP took over an undesirable position, losing $4M. The only market participants who definitely made money in aggregate are the market makers. With millions of dollars of pnl to be made in the span of minutes, it's becoming clear to sophisticated participants that Hyperliquid is one of the venues with the best flow. As liquidity improves, it will become more and more expensive to dislodge prices. So while the margining system improvements will go a long way, the allure of easy pnl attracting market makers will provide an independent source of robustness over time.
The future is decentralized.
Hyperliquid.
๐จ MAINNET LAUNCH ๐จ
The wait is over! This Sunday, March 2nd, at 20:00 UTC, HORSY V1 will launch on mainnet.
HORSY V1 is launching with four HYPE betting pools, each allowing up to 15 players per race! ๐๐ฐ
After every race, the pool resets, and a new betting pool opens up for the next round of action. Over time, more betting pools and tokens will be introduced, expanding the betting possibilities!
The first 5 pool winners will receive 100 HORSY tokens once the token is deployed onto @HyperliquidX .
๐Prepare your HYPE tokens, its about to get wild! ๐
Huge milestone today, Horsy fam! ๐
The $HORSY token has officially bonded as we charge full speed ahead to mainnet. Big shoutout to all our holders and early believersโyouโre the real MVPs!
Later today, weโll be announcing the 5 lucky winners of our giveaway. And tomorrow? Weโve got something special lined up. Stay tuned!
Hold your horsesโitโs gonna be a wild ride! ๐๐ฅ
#HORSY #Hyperliquid #HypurrFun
Onchain heroes ran up to 0.64e from 0.046-0.069 mint price and holding a nice floor around 0.5, a big W for minters ๐ฅ
Think the huge interest is due to the game looking promising but mainly because you need the NFTs to access the game and farm $HERO which gives them a nice utility and good gains to players.
This makes me even more bullish on solid gaming projects in general but Iโm thinking about one in particular thatโs under a lot of peopleโs radar and that i think will soon get a lot more attention.
Built on Hyperliquid @HorsyOnHL is a horse race betting game thatโs been live on testnet for 2 months and is getting deployed on mainnet very soon, we already had some small hints from the dev about horsy NFTs that will be integrated in the game and that those will have a lot of utility with training/breeding functionalities and of course you will be using them in the races : better horse = bigger/easier wins ๐ค
Itโs still very early and you get the $HORSY token in the @Hypurrfun trenches if you wanna bet on what the goat dev @siferbel is cooking, a lot of people and big names in the hl eco have their eyes on it, @GuthixHL and @wardaddycapital have been seen bullposting in the tg chat and these guys have been early to pretty much all the runners on HL so i wouldnโt fade that
TL;DR : bet on solid gaming projects with solid teams.
Also, do Hypios want to play with a horsy ? ๐ @HypioHL
๐ GIVEAWAY PART 2 ALERT ๐
To celebrate the successful launch of HyperEVM on @HyperliquidX, weโre rewarding once again our early believers! Weโre giving away 500 $HORSY for the second time on Hypurr Fun, with rewards distributed directly from the DAO wallet! ๐
๐ Prizes:
5 lucky winners will receive 100 $HORSY tokens each!
๐ฅ How to Enter:
1โฃ Follow @HorsyOnHL
2โฃ Like this post โค๏ธ
3โฃ Retweet ๐
4โฃ Drop your Hypurr Fun address in the comments below!
๐ Winners will be randomly selectedโdonโt miss your chance to win!
๐ Deadline:
This event concludes on Friday, February 21th, at 21:00 UTC. Rewards will be distributed following the bonding period, as tokens become transferable only afterward.
๐ก Whatโs Next?
With the launch of HyperEVM Horsy is preparing to launch on mainnet in the upcoming days. Stay tuned for release date and time! ๐
https://t.co/Bl7nbdsuCa
๐Hold your horsesโitโs going to be a wild ride! ๐
The HyperEVM is live. This is a major step toward the vision of housing all finance by bringing general-purpose programmability to Hyperliquidโs performant financial system. The initial mainnet release of the HyperEVM includes:
1. HyperEVM blocks built as part of L1 execution, inheriting all security from HyperBFT consensus.
2. Spot transfers between native spot HYPE and HyperEVM HYPE. As a reminder, HYPE is the native gas token on the HyperEVM.
3. A canonical WHYPE system contract deployed at 0x555...5 for defi applications. The source code can be found at https://t.co/pXmVRNpqov
Effective immediately, the bug bounty program will pay mainnet bounty amounts for reports within the scope of the points above. See https://t.co/KamzgZAYWh for details.
For API and wallet users: the mainnet HyperEVM has chain ID 999. A JSON-RPC server for the mainnet HyperEVM is hosted at https://t.co/BB0W8L4cXp. Node operators and other builders are encouraged to host their own RPC servers.
Tooling and analytics around mainnet HyperEVM may not be polished on day one. However, there are many talented builders working to solve these developer pain points. To help with these efforts, raw HyperEVM block data is streamed realtime to S3 so that running a node is not required to index the HyperEVM. More technical details can be found here: https://t.co/h6GeFo8HIl
General ERC20 native transfers and precompiles will be enabled on a future network upgrade. Any ongoing feedback for these features on testnet is greatly appreciated. While these features are implemented on testnet, the mainnet releases are staggered for minimal disruption to existing users on the L1. The HyperEVM is composable with the L1 state while not affecting the low latency trading experience of existing users.
Thank you to all the builders and users who have shared feedback on testnet so far. It will be exciting to see new applications leveraging and building upon the existing onchain financial system of Hyperliquid.
We heard your feedback. We fixed things. We upgraded and improved. V1 is now smoother than a horse in a wind tunnel. ๐๐จ
โ Blocks-based countdown after 5 bets are placed in the pool (no more waiting)
โ Pool size increased from 10 โ 15 people (more chaos, more fun)
โ PURR & USDC pools ready for bets (HORSY will follow after bonding!)
โ Improved artwork: 15 random NFTs from our test batches now flexing in V1 (minting will follow after V1 release)
โ Improved live feed shows blockchain event history on load and switching tabs
โ A sneak preview what is waiting us in V2! (Breeding and training)
With the EVM launch around the corner, weโre galloping straight to mainnet. ๐
๐ Hold your horses, itโs going to be a wild ride! ๐
#HORSY #Hyperliquid #HypurrFun