Chef DeFi 🍳 | Chasseur d’airdrop depuis 2020 🪂
Joined January 2025
- Tweets1.8K
- Following227
- Followers262
- Likes1.6K
Crypto Cook 🍣 retweeted
trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States.
In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch.
We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress.
ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid.
Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it.
ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one.
We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them.
To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story.
Anything. Anytime. On ICE[XYZ].
Crypto Cook 🍣 retweeted
We were always quite open that these investments were for strategic purposes, not because we needed the cash. We’ve always had very low burn with minimal headcount, although we recently hired a bunch.
The eToro news was massively delayed because of legal reasons, but if you think a wallet integration was the strategic part, then you’re wrong. That’s just an integration. The real strategic part will come later, and it has been in the works for a long time.
Then we have our focus on the EU, and we’re migrating to Arc by Circle, a major US player. How convenient that they have expertise in that market while we focus on the EU.
Then we have Arc, the new chain. That’s also not a random decision and has been in the works for a while. If you read their docs, then, well... maybe there’s some alpha in there if you can connect some of the things they talk about with what Extended offers.
This is all public info. Sorry, we don’t pay KOLs to be loud about everything. We don’t do that, it’s a waste of money.
anyways, expecting more
Crypto Cook 🍣 retweeted
Migration to Arc.
Extended is migrating to Arc as part of a strategic partnership between Circle and Extended focused on three core pillars:
1. Anchoring on-chain trading on Arc, with Circle as a key stakeholder in Extended’s ecosystem
2. Tokenising RWAs while bringing broader market coverage and deeper liquidity across both spot and perpetual markets
3. Distributing trading products within and beyond crypto, directly and through Tier 1 institutional partnerships
Beyond the commercial rationale, Arc is also a strong technical fit for Extended:
• Deterministic sub-second finality
• Predictable, dollar-based gas fees
• EVM compatibility
The migration is being designed to minimize disruption for users and ensure uninterrupted trading.
More details on the partnership, migration timeline, and mechanics will be shared separately. Users will be notified of any action required on their part ahead of migration.
Crypto Cook 🍣 retweeted
Extended is moving to @arc
Arc Mainnet is live.
Arc launches as the Economic OS for the internet: an open platform for global markets, real-time value movement, tokenized assets, and agentic economic activity.
Arc is more than a blockchain.
It launches as a full-stack financial platform with assets, applications, interoperability, developer infrastructure, and Circle platform services live from day one.
Arc delivers USDC as native gas, deterministic sub-second finality, EVM compatibility, and institutional validators.
It integrates with Arc Studio, App Kits, Arc Portal, Circle Agent Stack, CCTP, Gateway, CPN, and StableFX.
A complete economic platform at genesis.
Arc launches with infrastructure for:
→ Agentic economic workflows
→ Lending and borrowing
→ Trading and liquidity
→ Onchain FX
→ Payments and settlement
→ Tokenized assets
→ Exchanges, wallets, custody, compliance, data, and developer tooling
190+ institutional and ecosystem builders are building across Arc.
Crypto Cook 🍣 retweeted
Hyperliquid Officially Activates "AQAv2" to Buy Back and Burn HYPE with USDC Reserve Yield
Hyperliquid announced the activation of its "AQAv2 (Aligned Quote Asset v2)" framework starting August 26, which directs yield generated from USDC reserves toward programmatic market buybacks and burns of the native HYPE token. Under the structure—supported by Circle as technical deployer and Coinbase as treasury manager—approximately 90% of reserve yield is shared with the protocol and transferred in 30-day cycles to the Assistance Fund (AF) to execute HYPE buybacks and permanent burns. Yield accrual begins on August 26 with the inaugural payout and execution scheduled for October 3.
Crypto Cook 🍣 retweeted
Building the next chapter of Extended
Over the past 1.5 years, Extended has grown into a proven crypto native trading venue with strong adoption, deep liquidity and a rapidly expanding product offering.
We launched a novel implementation of RFQ markets, enabling endless markets while retaining the benefits of a competitive order book market structure. We expanded to 280+ markets in total, including 100+ RWA markets, and continued building the product and liquidity infrastructure behind a much broader market offering. This is the foundation. Now we are building on top of it.
The next step: unlocking Europe
CFD brokers, fintechs, and distribution partners already reach millions of European traders who want perps, prediction markets, and on-chain products. This is where we see an opportunity in Europe to combine crypto-native product depth with a regulatory framework designed to support broader distribution.
That is why we are building a regulated path into Europe as a major expansion of our existing business. Extended remains a global, crypto-native venue. The European setup adds a dedicated regulated framework designed to unlock two channels that are otherwise closed: direct access to EU retail users and B2B distribution through brokers, fintechs and consumer platforms.
We believe Extended is uniquely positioned for that.
Today, we already have:
- Product: one of the widest RWA offerings across order book and RFQ markets
- Liquidity: battle-tested infrastructure and Tier 1 liquidity
- Distribution: 500+ affiliates built with zero paid marketing, a partnership with one of the largest CFD brokers and growing demand from other major distribution partners
What this means for TGE
Choosing a regulated path in the EU also shapes how we prepare for TGE.
What that involves:
- Regulatory work: progressing the legal and regulatory process around the token and our broader setup in Europe
- Corporate structure: putting in place the entities required to support the token launch, our broader regulatory setup and the next phase of products, including spot.
- Token framework: developing sustainable tokenomics. Full tokenomics will be shared ahead of TGE.
We are optimising for the right balance of speed and long-term strength, building the structure, liquidity and distribution needed for the launch to hold up at scale.
The ambition is bigger than a TGE.
We want Extended to become a leading on-chain trading venue combining:
- crypto native infrastructure
- deep liquidity with strong execution across core order book markets
- the ability to list endless RWA and long-tail crypto markets through our RFQ system
- distribution across crypto native and traditional trading audiences, both directly and through partners
- a regulatory foundation built for scale
There are still important parts of this roadmap that we are not ready to share yet, but we are committed to keeping the community informed and sharing more as soon as we reasonably can.
Crypto Cook 🍣 retweeted
Points Program update: slashing results
5,038,989 points generated through inorganic or manipulative activity have been excluded from Points Program balances.
The adjustment covered:
• 4,017 affected accounts
• 35 identified sybil operations, among other prohibited activities
Updated Points Program total: 64,673,031 points as of August 10, 2026.
The review covered cross-account wash trading, referral self-farming, sybil wallet fleets and coordinated multi-account activity. Adjustments were driven by quantitative rules under the Points Program terms, while legitimate activity was preserved.
The 5,038,987 slashed points have been returned to the program budget and remain available to be earned by genuine participants. Extended reserves the right to conduct further reviews and make additional adjustments where ineligible activity is identified.
The total Points Program distribution remains capped at no more than 70m points.
Points are programme units, have no guaranteed monetary value and do not create a present entitlement to tokens or other rewards. Programme terms, eligibility criteria and allocation methodology may change.
Crypto Cook 🍣 retweeted
Coinbase is now the official deployer of @HyperliquidX's USDC treasury wallet.
We will be activating AQAv2 from the two addresses below:
0x4E5319dEb1072B01439EE674db5C321d11fd96F8
0xc20699185c15D0a2fD65779BB5d69f5b0B113c00
Today we’re expanding our support for @HyperliquidX by becoming the platform’s official treasury deployer of USDC.
Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid - USDC delivers exactly that.
Alongside this, we’ve also significantly increased our position of staked HYPE.
Crypto Cook 🍣 retweeted
6 months of building. what's next?
TLDR: We focused on putting in place the product, partnership and governance foundations for the next phase of Extended. TradFi partnership, hundreds of new crypto and RWA markets, spot trading and further decentralisation are coming. Our approach to growth remains unchanged: no KOL round, no paid promotions, no paid PR, no podcast sponsorships and no paid market-making arrangements.
Over the past 6 months, the team at @extendedapp has been focused on a fairly simple objective: building the product, infrastructure and partnerships required to support the next stage of growth.
A lot of the work happened behind the scenes but we are now getting to the point where the pieces are starting to come together.
Product
Some of the key items are already live:
- Multi-asset collateral, allowing users to post wBTC, ETH and USDT alongside USDC. Besides expanding the collateral universe, it also unlocks simple cash-and-carry strategies directly on the platform.
- Full email onboarding, including gasless deposits and withdrawals. While not particularly exciting on its own, it unlocks fiat on/off-ramp integrations that are required to onboard non-native users.
- Significant improvements to UI stability, responsiveness and overall user experience, driven largely by user feedback collected over the past months.
Several important pieces are coming next:
- Spot trading, which we view as a table-stakes component of a complete exchange experience and an important UX improvement to multi-asset collateral.
- Opening up our lending infrastructure beyond the exchange itself, allowing users to deposit wBTC, ETH and USDT, borrow USDC and deploy capital elsewhere.
- New trading infrastructure that will unlock hundreds of additional crypto and RWA markets. Internally, this is the product initiative we are most excited about.
Growth
Over the same period, we have spent a lot of time thinking about how Extended should grow.
One principle remains unchanged: we do not pay for KOL promotions, PR, podcast sponsorships or market-making arrangements. This applies equally to cash, tokens and points.
Its a slower path and not the easiest one but over time we have become increasingly convinced that sustainable growth is built on product quality, distribution and community rather than financial incentives.
We have also completed a number of less visible but equally important initiatives:
- Finalised the legal and commercial framework for our first tradfi partnership, which unlocks some of the product initiatives mentioned above and establishes a foundation for future institutional integrations.
- Secured the majority of the long-term partners who will help operate, secure and govern Extended. We are proud of the quality of the organisations that chose to support the vision and will be sharing more details separately.
- Spent considerable time with our largest users and major ecosystem participants to gather feedback and ensure alignment around the long-term direction of the protocol.
- Remained committed to our original targets for early community rewards, despite certain things taking longer than anticipated.
This month is an important one for Extended. It will conclude the team's efforts over the past 6 months and mark the beginning of the next phase: further decentralisation, ecosystem expansion and the transition to a community-owned protocol.
Crypto Cook 🍣 retweeted
Coinbase has announced its plan to activate AQAv2 on USDC as the treasury deployer, with Circle serving as the technical deployer responsible for CCTP and native cross-chain infrastructure. Both Coinbase and Circle have committed to stake HYPE to activate AQAv2. As part of this transition, Native Markets has agreed to terms granting Coinbase the right to purchase the USDH brand assets. With Coinbase, in its role as treasury deployer, sharing the vast majority of reserve yield revenue with the protocol, USDC will become the most aligned stablecoin on Hyperliquid. As a result, canonical outcome (HIP-4) markets will use USDC as the quote asset in a future network upgrade.
User and builder feedback has been consistent that fragmentation leads to degraded experience; now, the community no longer needs to choose between liquidity and protocol alignment.
The pioneering work of Native Markets in launching USDH as the first production-scale stablecoin sharing yield directly with a protocol in a purely onchain implementation made AQAv2 possible. The learnings and mechanics pioneered by USDH will live on in AQAv2.
The Hyper Foundation will give grants to eligible HIP-3 deployers, HIP-1 deployers, and builders who integrated USDH, supporting teams through migration over the next months. These grants reflect an ongoing commitment to teams who choose to build on Hyperliquid and align with the protocol. USDH markets are fully functional but will sunset over time. USDH remains fully backed, with feeless conversions to USDC and fiat available to users during this transition.
Crypto Cook 🍣 retweeted
Save with Karma using my referral code xWUeFJYm and start earning Entries. karma.tbook.com/?ref=xWUeFJY…
Crypto Cook 🍣 retweeted
1/ Starknet now has the native infrastructure for privacy.
The Shinobi’s upgrade is now live on mainnet, introducing the protocol-level changes that make privacy natively possible on Starknet 🧵
teapaw.org/StarkWareLtd/status/20…
