BREAKING: The Federal Reserve is asking major US banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in the industry, per Bloomberg
@DiamondTrader10 have you ever checked out late business cycles and oil spikes? Ben(guy in video) has a full video on it not just this one but I find the patter quite compelling. Interesting nonetheless. https://t.co/bOhgp6iFLC
hyperliquid is burning $526m/year in HYPE through market buys funded by $2.06m daily fees. zero token emissions. dydx raised $87m and spends $40m/year in incentives to generate 8x less volume. the fee economics aren't close. but here's the part nobody's modeling: 40% of HYPE supply sits with team and insiders with no disclosed vesting schedule. the protocol is providing a continuous market bid and insiders can sell directly into it. procyclical burns mean this works beautifully at $70b monthly volume. if volume drops 50% in a downturn the burn falls to $190m/year and becomes 70% less deflationary. you're not just betting on a perp dex. you're betting insiders don't use the protocol's own buyback as their exit. the fee generation is best in class. the tokenomic game around it is one of the most interesting and dangerous setups in crypto right now.