Classic @HyperliquidX effect - over 4 hours post $USDH announcement and the news is still slowly getting priced in for $COIN, which is currently up ~10%
Honestly pretty surprised it took the TradFi guys multiple hours to wake up and price in the news
With Native Markets, we set out to create a stablecoin platform for Hyperliquid that stopped value leakage from its ecosystem and minimized its third party dependencies. These goals are achieved with the formalization of USDC as an AQA.
Today’s announcement marks what I view to be the biggest win for Hyperliquid to date, unlocking meaningful additional annual revenue for the Assistance Fund, as well as allying the network with the strongest force in American crypto policy. It’s incredibly vindicating to see industry leaders recognize a thesis that few of us believed just a short time ago.
I want to thank all of the builders who took a chance on USDH, as well as to give a special shout out to @mclader. It’s been a privilege working with her on USDH, and for all of us HYPE holders, we can be grateful to have her in our corner.
Our blog post below walks through the timeline for sunsetting USDH over the coming months. We’ll be in touch with builders and partners who have questions, especially those navigating spot and perp order book migration.
Disagree: Locking in a long term relationship should be a long call option. If you choose the proper call option to long, the upside is very large. However if you choose the wrong option, you will bleed premium until you are broke and the option will just expire OTM
Also idk about you but I don’t think I’ve been in a relationship before where I’m collecting options premium
1/ NOW LIVE! The Block’s new report “Strategic Selection: A Practical Guide to Choosing the Right Market Maker” provides a comprehensive framework for token projects and exchanges evaluating liquidity partners.
Thanks to @Auros_global for commissioning the report!
Excited to support @katanaperps on their official launch
Katana Perps is a pivotal part of the @katana ecosystem and we are honored to be a part of this journey
Katana Perps is live.
@Katana has acquired IDEX and launched a native perps DEX built on structural yield, not token emissions.
Early access is open now, and Season 1 points are live. 👇🧵
Remember a time when @synthetix was looking to acquire @DeriveXYZ for a measly $27 million? (And at a DISCOUNT?)
Well $DRV has now flipped $SNX in FDV
Still early days for DeFi options, I wouldn't sleep on this one
Glad to see more parties such as the likes of @dcfgod taking notice of @derivexyz, the clear leader in DeFi options or potential "Hyperliquid of options"
We've been eyeing $DRV for a while as well and $36m fdv still seems cheap considering CeFi options leader @DeribitOfficial sold for $3b and DeFi perps leader @HyperliquidX sitting at $40b fdv
NFA
Feel like these days people forget to price in resilience and reliability for DeFi protocols
For perp dexs in particular, it’s essentially the status quo to get to X amount of volume, Y OI as quickly as possible and ship to tge ASAP such that each “point” is proportionally worth a lot more
Somewhat mind boggling to me that a perp dex that has existed almost as long as Hyperliquid and consistently among the top in volume and OI is currently trading 50m FDV, but that is beyond me
Anyways, congratulations to @fiddybps1, @noncesensicalll, and team on the tge. Despite the ups and downs, this team has grit. To all the shizopunks, Dave believers, and all other @paradex users out there, happy tge day