stud

[Khala Research @KhalaResearch]

In 1997, HTTP status code 402 was reserved for 'Payment Required'; a native payment layer built into the web itself

For almost 30 years, nobody could make it work

There was no digital cash and no settlement layer that could handle sub-cent transactions. The web defaulted to advertising and credit card checkout flows instead

Stablecoins and Layer 2s changed that. x402 finishes what HTTP 402 started; payment as native to the web as loading an image

Most people looking at agentic commerce see one maturity cycle, but there are two:

1) The retail narrative is approaching its peak; CT is buzzing, ecosystem maps are proliferating, every protocol is announcing x402 compatibility. That will correct

2) The institutional adoption curve is on a completely different trajectory. For this layer, the trough already happened in 2025

Stripe, Visa, AWS, Google, Coinbase, Circle and Cloudflare are shipping production infrastructure because their own internal analysis on projected agent transaction volume justify it

In our x402 report, we map the protocol architecture, the agentic stack, the institutional landscape, and assess where the value could accrue

The full report is in the next post below:

[Youssef @0xyoussea]

An honest comparison of MPP vs. x402 🤖💸

I looked under the hood of both protocols (using the official docs).

Both leverage HTTP 402 for payment requests, but their architecture, positioning, and execution are totally different.

Here’s the technical breakdown 🧵👇

[loaf @lordOfAFew]

People been debating x402 or MPP? Why not both?

well folks, there is an SDK that instantly supports both

we designed the Lucid SDK in a builder pattern, so you can choose what to support in agentic finance

this design allows devs or agents to cleanly support any payment protocol

and the best part?

this all wraps up into the a2a protocol so introspecting an agents shows the protocols the agent supports with no extra code.

pr in review - lmk if you want to scoop

@tempo

@daydreamsagents

[Matt Shumer @mattshumer_]

Someone just posted a super easy bounty on https://t.co/SxoCQxoYKP

If your agent completes this, you get paid

This one is a layup… get on it

[Edge City @JoinEdgeCity]

Norman Ohler: Blitzed, Tripped, and How Drugs Shaped History (fireside chat at Edge City Patagonia)

Fresh off appearances on Joe Rogan and Lex Fridman, Norman Ohler (@normanohler) stopped by Edge City Patagonia — en route to Antarctica — for a mind-expanding conversation.

We dive deep into the hidden role of drugs in history: from methamphetamine fueling the Blitzkrieg and Hitler's own dependencies, to the CIA's MKUltra experiments that derailed LSD's potential as medicine, the ancient origins of the "Stoned Ape" theory (with a twist on ibogaine), and why psychedelic freedom might be key to rethinking civilization beyond the nation-state.

Norman's talk was supported by @psy_dao.

Timestamps below if you want to jump around.

00:00 Introduction
02:18 From Novelist to Accidental Drug Research
05:08 The Pervitin Discovery That Changed WWII
07:50 Blitzkrieg Reconsidered Through Chemistry
12:51 The Myth of the “Drug-Free” Nazi Regime
17:15 Fear Suppression, Sleep Deprivation, and Soldiers
22:37 How Meth Changed the Psychology of War
26:06 Hitler as Patient A
30:49 Oxycodone, Power, and Political Decisions
38:01 Why History Ignored the Role of Drugs
41:18 LSD, Alzheimer’s, and a Personal Turning Point
49:12 CIA, MK-Ultra, and the Lost Future of Psychedelic Medicine
57:47 The Global Cost of the War on Drugs
01:01:59 Ibogaine, the Stoned Ape Theory, and Brain Evolution
01:18:56 Psychedelic Freedom and the Future of Civilization

[jeff.hl @chameleon_jeff]

Debunking Hyperliquid FUD (Part 1: HLP, liquidations, and platform guarantees)

It's sad to see coordinated misinformation campaigns targeting Hyperliquid, which have led to widespread misunderstanding of what we are all working so hard to build.

In response, this series of posts provides detailed, factual explanations of how Hyperliquid works. As a community, we must actively fight FUD by spreading the truth. The tone with which we do this also matters: the best way to grow as a protocol and ultimately house all finance is to remain humble and welcome more users into the ecosystem.

--

The first post focuses on HLP and liquidations on Hyperliquid.

High level summary
The FUD is that the Hyperliquid protocol is subject to large losses stemming from manipulation. On the contrary, Hyperliquid's margining design mathematically guarantees platform solvency. Note that HLP’s losses are isolated to the vault itself, and Hyperliquid does not depend on HLP’s operation to exist. This was true even before the JELLY incident. After the JELLY incident, there is an additional change to protect HLP from losses during backstop liquidations. The fundamental changes are to HLP, not the platform itself.

HLP background
HLP is a permissionless protocol vault pioneered by Hyperliquid. HLP does not collect fees from depositors, and historically has returned 60M USDC in pnl to its depositors. On CEXs, this profit typically goes to the internal market making desks instead of users.
HLP plays two roles: market making and backstop liquidations. In terms of market making, HLP runs a passive strategy that accounts for less than 2% of Hyperliquid's total volume. The vast majority of volume on Hyperliquid is between two non-HLP users.

Liquidations
On Hyperliquid, liquidations are first sent to the book as a market order. This allows any user to participate in providing liquidity to liquidations, which is profitable flow on average. On other exchanges, this flow is internalized by the exchange as a revenue source.
HLP only performs backstop liquidations, which involves taking over positions that are unable to be market liquidated. When account values go negative, the last resort for platform solvency is auto-deleveraging (ADL). ADL closes underwater positions against the most profitable and highly leveraged positions on the other side, ensuring the protocol's solvency. ADL is extremely rare but importantly targets the attacker's position on both sides during manipulation attempts as described below.

JELLY incident
An attacker recently attempted to exploit HLP by opening a large long and short against themself. Open interest caps allowed a position worth 4M USDC at the time of trade, but the logical issue was that HLP collateralized the liquidation with its full balance. It is false that the platform itself had solvency risks, but HLP was indeed overexposed to the manipulation.

Changes made
Now the liquidator component vault of HLP has capped collateral, limiting its potential loss by backstop liquidations. A historical analysis was conducted based on this new system. Apart from the JELLY incident, this change would not have caused additional ADLs in the past, even during extreme volatility. However, it would have minimized HLP’s losses during the JELLY incident to low six figures, which is far less than the attacker spent on market manipulation. In particular, ADL would have closed the attacker’s momentarily profitable long position, leaving other JELLY positions untouched.

Validators now actively discuss delistings in an open governance forum on Discord. Several interesting dashboards have been created by users and validators: https://t.co/szhzxLnfr5, https://t.co/nvOxx9UfEV.
Market cap of the underlying spot assets will likely be an important input into delisting considerations. While delistings are important to ensure that users on the platform do not suffer from potential price manipulation, they are not required for platform solvency.

New state of margining system and HLP
Hyperliquid still functions as before, handling under-collateralized positions in the order of 1) market liquidations 2) backstop liquidations 3) ADL. Backstop liquidations on HLP now have additional protections to cap the total losses, making mark price manipulation attacks more expensive than the limited available gain from HLP. HLP's role continues to shrink as Hyperliquid grows, and at this point is nonessential to the protocol's operation. HLP still exists as a source of protocol yield through backstop liquidations and providing consistent background liquidity.

[Sei @SeiNetwork]

Sei It Loud, Sei It Proud 🗣️

Introducing: The Sei More Campaign, recognizing yappers driving conversations forward with bonuses for new creators and consistent contributors.

Track your impact on the @KaitoAI Sei leaderboard.

Full details & resources: https://t.co/6IJnVBzjlY

[stud @stud10k]

Yap early, yap only, yap often.

@KaitoAI is connecting AI, attention and capital with Yaps.

Just claimed my social card and I'm accumulating Yap points in real-time.

Claim yours 👉 https://t.co/Wliy4FM691

[Wildfriends Africa @WildfriendsUG]

No community celebrates the birth of a newborn baby than elephants!🐘🥰. This trumpeting and elation is far beyond angels can sing in heavenly places. What a heart-melting and awe-inspiring sighting? 🐘🐘🐘❤️

[stud @stud10k]

https://t.co/vQ4W4dxzIH

[Lisk Africa @LiskAfrica]

It’s been one month since the Lisk Africa X account relaunch — and we’re marking it with our first X Space and a 250 USDT giveaway! 🎉

For us, Lisk is more than just a blockchain; it’s about people, ideas and real impact. Over the past month, we’ve been connecting with incredible founders, builders and enthusiasts across the ecosystem.

Now, it’s time to take the conversation further.

🎙️ Join us for our first X Space!
Topic: Lisk in Africa: Vision, Opportunities & Why it Matters
📅 Date: 25th March 2025
⏰ Time: 4PM WAT

But what’s a celebration without you? 🥂 That’s why we’re giving away 250 USDT.

How to join:
1️⃣ Share about a project built on Lisk that excites you or your favorite program being run by Lisk. It can be a video, thread or article.
2️⃣ Complete this form https://t.co/WP2XPFTdFz
3️⃣ Five winners will receive $50 each!
Winners will be announced during our upcoming X Space on March 25th, 2025. Set a reminder here - https://t.co/SvJONRnWsI

Lisk Africa is here to amplify builders, highlight opportunities and create something bigger than all of us. Come along for the ride! 🚀

[stud @stud10k]

Exciting Lisk Community Update!

Live Q&A: Get your burning questions answered.

📅 Date: 24 March
⏰ Time: 20:00 PM
🔗 Twitter Space Link: https://t.co/xPi94eQybf

[Santiago @SantiagoDevRel]

From classrooms to auditoriums to basketball courts, people keep showing up with @LiskAfrica in West, East or South Africa🚀(Wen north?👀)

Big shoutout to our ambassador @stud10k for keeping the momentum going!

[Africa's Blockchain Club @africasblock]

Excited to be at the Ethereum Frontier alongside the brilliant minds of the Ethereum core team! 💡 We're diving deep into security, governance, and groundbreaking research to shape the future of decentralized finance and beyond #Ethereum #DeFi #Innovation

[Africa's Blockchain Club @africasblock]

Congratulations! to our team members from @wethinkcode who took part in the recent @Celo Hackathon. Out of 124 teams globally, they managed to get into the prize pool for best dApp built on @minipay , with the guidance of @Universelstable . #blockchaintech

[Africa's Blockchain Club @africasblock]

Saturday meetup confirmed. @africasblock will be discussing the @Scroll_ZKP Vortex blockchain Hackathon participations and projects. Our session will be held @wethinkcode new JHB campus location 132 Jan Smuts ave, Rosebank. @Universelstable will be joining us 🥳🥳.

[Africa's Blockchain Club @africasblock]

Our 2nd class for ABC was a hit! 🎉 Students dove deep into blockchain concepts, explored dApps, Dexes, and even built their own smart contracts. The enthusiasm and creativity were off the charts! 🚀 Looking forward to seeing what these bright minds will accomplish next.

[stud @stud10k]

@RothDC great insight

[Africa's Blockchain Club @africasblock]

Excited to share moments from our recent event with Africa's Blockchain Club! Students from @wethinkcode dove into blockchain technology, deploying and verifying smart contracts. The enthusiasm for building on-chain solutions was palpable! #Blockchain #Education

[ICP HUB S.Africa - MW3 @icphub_ZA]

An incredible day at the @_HerDAO Africa Tour with @wethinkcode!

Honoured to delve into blockchain possibilities for community upliftment alongside Nonkululeko Musa Ntuli and our collaborators. Big shoutout to the @hackersociety22 Family for their unwavering support!