I once wired money from Singapore to Europe: Rejected!
Payee's account had a "&" in the name, that I didn't include as my bank's UI didn't support that character.
Funds bounced btw continents for months. Each bounce cost me.
This illustrates why we're building @eliospay
1/6
The uncomfortable part: this passed two audits and lived in an inherited base class, surfacing only in a specific assembly.
Might be a controversial take, but while not a silver bullet, I think frontier models a la Mythos will make the space more robust (to the extent dev teams have the discipline to use them prior to going to prod). Point-in-time human review struggles with bugs that live between contracts.
@defyneric This is basically what we’re building at @eliospay: the default money app built on @HyperliquidX
Alpha is running internally. Private beta in July.
Stay tuned, more coming soon.
https://t.co/6WIwrWKDeh
We chose to build on @HyperliquidX
A chain built to house all of finance.
Best-in-class execution.
No VC pressure. Builder-first economics.
The ethos matches ours: let a thousand flowers bloom on credibly neutral infrastructure.
5/6
ICE CEO on Hyperliquid: 11 people doing what legacy finance needs thousands to do.
Finance can be rebuilt from first principles at a fraction of the cost. Savings get competed back to everyday people.
This is why I wake up every day building @eliospay
Brian gets it.
Stablecoins = the dollar on internet-native rails.
Payments shouldn’t still need 3 days, 4 intermediaries, and a prayer to cross a border
@eliospay
Major areas where the financial system still needs an update:
1. Tokenization of real-world assets - Real estate, stocks, bonds, funds, etc. onchain for instant settlement, fractional ownership & massive distribution.
2. 24/7 Global trading - Pooled global liquidity, every asset, every person, with great leverage and capital efficiency.
3. Next-gen payments - Near-instant, low-cost global transfers using stablecoins, including for Agentic payments.
4. AI-powered risk, credit, compliance, and advice - Better decisions, less fraud, and broader access to capital. Everyone gets access to a great financial advisor.
5. Innovation friendly regulation - Move from one-size-fits-all to risk-based rules that encourage innovation and competition instead of stifling it.
6. Expanded access - Open protocols that reduce middlemen and self-custodial wallets to expand access to everyone with a smartphone.
7. Capital formation - Low cost and turnkey for anyone to raise money for a good idea, increasing the number of startups.
8. Sound money - A refuge from inflation, when discipline is lost in fiat money.
Jobs not done until we get these working for all.
Will require lots of tech innovation and policy work to get there.
Crypto regulation is getting serious and moving markets:
> CLARITY is imminent
> Banks lost to Coinbase
> Hyperliquid scaring the TradFi incumbents
> Kalshi/Polymarket fighting the states
> The SEC may bless tokenized securities
Must-watch deep dive with @RebeccaRettig1 ⤵️
Agree on the dollar leg. The harder part is that "house all of finance" needs credible neutrality, and "extends US dominance" potentially sits in slight tension with it. So it's going to be a bit of a balancing act..
bull thesis for hyperliquid is that it's a better trading platform than the existing tradfi alternatives: 24/7 perps on all markets + a design that allows for extensibility & deeper liquidity as more exchanges are built on top
for US: if they win w/ a USD-backed stablecoin then that extends USA dominance of the dollar globally
@kurturex@eliospay Yup, terrible experience all around. And it's not like it was cheap either: Retail sending money overseas is still charged roughly 6–7% on average globally, and bank-based channels are often ~9%+
I once wired money from Singapore to Europe: Rejected!
Payee's account had a "&" in the name, that I didn't include as my bank's UI didn't support that character.
Funds bounced btw continents for months. Each bounce cost me.
This illustrates why we're building @eliospay
1/6