weaponised autism /)/) ( . .) ( づ♡
Hyperliquid
Joined February 2021
- Tweets17.7K
- Following1.3K
- Followers1.7K
- Likes38.7K
birdcallprrr.hl 🐸 retweeted
Imagine seeing a Hyperliquid article that starts off with the Dutch East India Company and then this quote:
"There never arrived in Holland ships so richly laden"
And not reading it?
birdcallprrr.hl 🐸 retweeted
The team deserves to sell some, but a transparent sell schedule is the only rationale way to do it. Everyone is watching their wallets. They can’t sneeze without the market freaking out.
unlike a VC unlock, a team unlock isn’t a race for the exit. Just needs to be announced.
birdcallprrr.hl 🐸 retweeted
In b4 @chameleon_jeff announces “um, of course our 11-man team isn’t selling $500mm in $HYPE tokens per month upon unlock - we’ll each transparently sell $1mm/month, way less than daily HYPE buybacks”
HYPE will jump 30-50% as soon as this irrational overhang fear dissipates.
birdcallprrr.hl 🐸 retweeted
Summary of @chameleon_jeff's key points on Steady Lads:
- Markets still very active, traders not quiet til much later in a downturn
- % of Binance/Bybit volume are primary internal metrics, but don't tell the full story
- most people think they're just building an exchange, but it's a lot bigger than that & the perp DEX is just the 1st building block
- HLP was a very intentional decision early on to make market making more transparent & community-owned vs the landscape of Alameda & other insider strategies at the time
- Hyperliquid is much more decentralized than critics give it credit for, has had 16 validators (who you can talk to) since December
- Doesn't harbor ill will toward CEXes for listing JELLYJELLY on perps, says he wouldn't have done it personally "but business is business"
- Doesn't view Hyperliquid as a direct CEX competitor, think CEXes & DeFi should co-exist, & Hyperliquid is building how a significant portion of finance should operate on-chain, the original vision of DeFi
- Lots of misunderstandings around HyperEVM as a separate chain when it's really one & the same chain as the exchange (HyperCore)
- The purpose of HyperEVM is to make HyperCore programmable, because the most valuable things in finance don't already live on Hyperliquid
- Letting people build things themselves is the way to scale (especially aligned with the ethos of crypto), the exception is infra (including infra traditionally viewed as "apps")
- There's no other chain you can build on to access DeFi power users transacting billions of dollars a day, & fully integrated with a tier-1 exchange
- Tokenized equities, commodities, & forex will all exist on Hyperliquid & there's plenty of talent already building on Hyperliquid to do it
- Admits they've been entirely focused on building & poor at comms but that lets others shape your narratives for you
- There's so much to build, no point in fighting about drama or stupid takes on twitter
- Very short sighted to think in terms of price - in a post Bitcoin era, $HYPE's genesis distribution is as close as we've seen to Bitcoin but being "generous" to users has its cost (large airdrops with 0 cost basis)
- Long-term, if a large portion of finance moves onchain, there will be a lot more value accruing than exists in crypto today
- On memecoins: values freedom of expression
On stablecoins:
- the edge is in the real-world (banks, compliance, etc), but one of the strengths of HyperEVM is that it'll allow native stablecoins (including yield-bearing)
- Hyperliquid as a platform should be neutral in terms of which stablecoins can be used as collateral (& other features), but very opinionated as to how it makes that possible
Why is every other game suddenly ‘ugly’ imo after playing Kingdom Come Deliverance 2 and The Finals?
Example:
Just bought Wukong for my ps5 pro and quit after 10 mins because I can’t stand the non polish & gfx. Above mentioned games really set a bar for what I expect in a game
birdcallprrr.hl 🐸 retweeted
🔥 JUST IN: Sony Electronics Singapore has partnered with Crypto.com to enable $USDC payments on the Sony Store Online.
birdcallprrr.hl 🐸 retweeted
$HYPE has just crossed 100,000 holders.
To put this into perspective:
- This is nearly 1/10th the amount of onchain $JUP holders.
- This is < 1/9th the amount of onchain $BONK holders.
- This is roughly 1/90th of onchain $SOL holders, not to mention the millions that hold on exchanges.
Hyperfuckingliquid
birdcallprrr.hl 🐸 retweeted
This guy cracked the tariff formula:
@orthonormalist
It’s simply the nation’s trade deficit with us divided by the nation’s exports to us.
Yes. Really.
Vietnam: Exports 136.6, Imports 13.1
Deficit = 123.5
123.5/136.6 = 90%
birdcallprrr.hl 🐸 retweeted
The Hyperliquid blockchain has been upgraded to feature fully onchain validator voting for asset delisting. When a quorum of stake has voted for a delisting, the action automatically triggers onchain. This permissionless stake-based vote weighting primitive is built natively into HyperCore and technically requires no offchain coordination.
As a demonstration of the primitive, the Hyper Foundation validators 2-5 will vote to delist MYRO perps around 13:00 UTC on March 29. Hyper Foundation validator 1 will abstain from voting until delegations to initial Delegation Program participants are complete.
Like on other chains, most validators will likely make their intended votes clear offchain beforehand to provide users clarity and predictability. The Hyper Foundation does not act or speak on behalf of other validators. There may be interfaces built or provided in the future to summarize validator voting in a more user-friendly way.
birdcallprrr.hl 🐸 retweeted
Yesterday is a good reminder to stay humble, hungry, and focused on what matters: building a better financial system owned by the people. Hyperliquid is not perfect, but it will continue to iterate and grow through the collective efforts of builders, traders, and supporters.
Users with JELLY long positions at the time of settlement will be refunded by the Foundation as if their position settled at the closing price of 0.037555. This results in all JELLY traders being settled at a price advantageous to them, except flagged addresses.
To recap what happened:
A trader self-traded a 4M USDC JELLY position at 0.0095.
The price of JELLY then rose more than 4x, with HLP backstop liquidating the 4M position.
The short position led to a loss in HLP’s account value.
The OI cap formula is a dynamic function of global liquidity and OI on other venues including major CEXs. A 4M USDC position fell within those limits, but additional open interest was prevented from being opened beyond the automatically triggered cap.
However, the key issue was that once HLP took over the position, it shared collateral with the other component vaults in the strategy and therefore did not trigger ADL.
Risk management on Hyperliquid is being strengthened in various ways, including:
+ HLP: The Liquidator vault will have a tight cap representing a small percentage of total HLP account value, rebalanced less frequently, and more sophisticated logic around taking backstop liquidations. ADL will be triggered if the Liquidator loses above a certain threshold, instead of moving collateral automatically from the other component vaults. Note that ADL is not expected to trigger during organic market activity.
+ OI caps: Open interest caps will be refined to be dynamic relative to market cap.
+ Delistings: Validators will vote onchain to delist assets that fall beneath thresholds.
Thank you for your continued feedback, support, and commitment.
Hyperliquid
birdcallprrr.hl 🐸 retweeted
Listen @chameleon_jeff I'm no MM, you are the MM here
And I know there is the HLP issue to solve right now
But you know what would be really funny and hit nance hard in the chin?
Announcing HyperEVM season 3
Do it, chad
birdcallprrr.hl 🐸 retweeted
Spot $ETH just got quietly added to Hyperliquid.
No hype, no fluff.
No "announcement of an announcement,"
No marketing gimmicks.
Just straight-up listing of a top 10 crypto.
Let users discover it naturally, let demand grow organically, let market makers naturally step in.
Spot $ETH deposits should be coming very soon.
Hyperliquid.
birdcallprrr.hl 🐸 retweeted
A brief musing on the cult-like nature of the Hyperliquid community and how polarizing it is, even for people who are die-hard users of the platform, and believers in its vision as a rising ecosystem:
It's probably difficult for most people to comprehend, with a particular emphasis for those who have not been around since its earliest days, but Hyperliquid's meteoric rise is nothing short of a miracle in an industry that places an unquestionably gargantuan level of importance on shady business practices, and even so much as blatant criminal behavior.
Hyperliquid since the very beginning has been nothing but a breath of fresh air from this unfortunate, but understandable reality of the industry. This uneases quite a few people today, whether builders or traders, because the @HyperliquidX contributors literally do not give a single fuck who you are, what you've built, how much money you have, or where you come from.
Having discovered Hyperliquid in April-May of 2023, and seeing the scope 100x'ing several times, as mentioned by @chameleon_jeff, you would deeply understand why so many people are genuinely shook when they see how far Hyperliquid has come, and how much it has shaken the bedrock beneath the feet of this industry.
It has gotten here by sheer will and desire from users of every kind (retail, market makers, etc) to come and use the platform on their own dime. Hyperliquid has never paid a dollar for any liquidity, trading, amplification, partnerships, or integrations of ANY kind. Hyperliquid has also not taken any investment from any angel or venture capitalist investor, and has been solely financed by its contributors, full stop.
In case you are wondering about the impact of the facts stated above, this has literally never occurred on a project in this industry at such as scale, besides Bitcoin. It is this vital that Hyperliquid succeeds, for the global financial system.. as Bitcoin is, for a global store of value.
Many have made comments on the sometimes overzealous, insufferable, proud, die-hard supportive nature of the Hyperliquid community and maybe even some of its participants (perhaps myself included), and this is all fair as how anybody views myself or any particular participant is a completely personal and subjective decision, but what is interestingly hypocritical is the pretending like this hasn't been displayed by a number of ecosystems participants at several x the magnitude that is currently seen (and will continue to grow) on Hyperliquid.
Many other ecosystems have gone through their fair share of effectively near-death issues, way worse than what Hyperliquid has experienced in the last few weeks, such as:
- Ethereum DAO hack in its earliest days, and the completely thrashed sentiment currently in shambles regarding where it is, where it should be, and everything in between
- Solana's months, if not full year straight of chain downtime. The involvement of Alameda and co. + FTX existential risk
- Binance chain's cross chain bridge hack and constant berating / suppression of Ethereum as it became the 2nd ever EVM-based ecosystem (riddled with exploits for years on end)
This is likely not the end of stress tests that Hyperliquid will experience, I am certain of this. What matters most is who shows up to ensure that it lives to not only fight another day, but be better than yesterday in every way, shape or form. For this, regardless of my thoughts on the ecosystems mentioned above (as a user of them all either in the past or even currently) I have a deep respect and appreciation for the community that has manifested around their respective visions. Therefore, I couldn't be more excited to see what has come from what was once a really small discord of traders fucking around with paper accounts and "fastest to get liquidated" challenges, and where it is going.
This is what you are seeing play out on Hyperliquid in real time, expect this hot ball of energy to only accelerate ever faster.
If you're here to FUD, I can assure you that the community can build and believe for longer than you can stay solvent financially or mentally.
If you're here to dabble and explore what is being built on Hyperliquid, welcome.
If you are in this industry because you believe in how it can shape the world around us for the better, with an emphasis on building a true house for global finance completely onchain, it is my core belief that you should *want* Hyperliquid to win because of its principles, what it has done, and what it has set out to do.
Hyperaccelerate.
Hyperliquid
