72 hours. Every comment read and concern addressed.
We’re out of the war room, with @PayPal + @Venmo on board.
USDH Proposal v2:
��� PayPal ecosystem integrations + $20M incentives
❏ AF pledge starts at 20% and rises w/ TVL
❏ Paxos takes 0 until >$1B, capped at 5% past $5B
What if → $USDH backed by $USDtb
• @ethena will deploy 95% of net revenue from USDH to benefit @HyperliquidX with $HYPE buybacks and distribution to validators
• Ethena covers all costs to migrate from $USDC to USDH if Hyperliquid switches quote pairs.
• Securitize will launch on HyperEVM at no cost to bring tokenized funds, stocks, and institutional-grade assets.
• $75M in incentives for HIP-3 frontends ( $USDe, $hUSDe, USDH) → Will increase to $150M if volume scales
• Ethena can offer special fee tiers for swapping to USDH and instant liquidity access (>$5B in USDT/USDC)
• USDH could later be backed by USDe or hUSDe if Hyperliquid community and validators approve.
If $5.5B USDH were backed by sUSDe ↓
- Based on average APY: $698M/year (13% APR) → 54% of Hyperliquid’s current cash flow
- Based on 2024 APY of 18%: $990M/year → 76% of Hyperliquid’s annualized cash flow
➥ Why MUST be Ethena
• USDtb = BlackRock-backed stablecoin and will become the first GENIUS-compliant stablecoin
• Commit to supporting the broader growth of Hyperliquid through a variety of other initiatives with Hyperliquid native teams and builders
• Ethena commits to supporting Hyperliquid regardless of proposal outcome
• Ethena has supported HyperEVM from day one with launching the first USD spot asset on HyperCore with ~10% APY
• Partnered with Hyperliquid-native projects, such as Hyperlend, Felix, and Hyperbeat, to provide Hyperliquid users with more earn opportunities across HyperEVM
• Strategic partnership with Based, the leading builder codes exchange on Hyperliquid
• Aligned with their plans to launch ENA/uENA as upcoming spot assets on Hyperliquid
• If Ethena wins the ticker, USDH will follow the same high standards as USDe and USDtb → setting up for billion-dollar scale
China saved opensource LLMs, some notable releases from July only
> Kimi K2
> Qwen3 235B-A22B-2507
> Qwen3 Coder 480B-A35B
> Qwen3 235B-A22B-Thinking-2507
> GLM-4.5
> GLM-4.5 Air
> Qwen3 30B-A3B-2507
> Qwen3 30B-A3B-Thinking-2507
> Qwen3 Coder 30B-A3B
US & EU need to do better
Forward Industries (NASDAQ: FORD) has secured $1.65 billion in cash and stablecoin commitments via a PIPE round led by Galaxy Digital, Jump Crypto, and Multicoin Capital to launch a Solana-focused digital asset treasury strategy. Galaxy and Jump will provide infrastructure, while Multicoin brings deep Solana investment expertise. https://t.co/6bJ1MtvKij
dear jeff I wrote you, but you still ain't callin
i left my cell, my pager, and my home phone at the bottom
i sent two USDH proposals back in autumn, you must not've got em
there probably was a problem at the discord or somethin'
sometimes I scribble deployer addresses too sloppy when I jot em
🔥 UPDATE: Nasdaq-listed SUI Group Holdings, previously Mill City Ventures bought another 20,000,000 $SUI, bringing its total holdings to 101,795,656 $SUI worth $344M in its treasury.
We’re renaming Conversational AI to ElevenLabs Agents.
It’s a complete platform where you can build, launch and monitor conversational agents that talk, type and take action across phone, web and apps.
ElevenLabs Agents is a better name for this.
Hoje, a Meteora Brasil visitou pela primeira vez uma comunidade cripto brasileira. Começamos com a régua lá no Monte Everest... fomos recebido nada mais nada menos que pelos @YieldHackerPass, uma das maiores e mais OG comunidades de pools de liquidez do Brasil. Agradecemos aos feras do DeFi @0xCVYH e @rogeriomenezesx por nos receberem com tamanha boa vontade e fidalguia!