used to be a programmer, now an agentic code cuck. Building @XypherIO, @HyperlensIO and some other stuff hyperliquid
Costa Rica
Joined February 2021
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Do not concern yourself with liquidation; your funds shall be employed for the common benefit of the Hyperliquid Assistance Fund.
Easy money here for anyone with Abliterated GLM
TxFlow is Hyperliquid from Temu
They forked Hyperliquid's Arbitrum bridge and changed the name. They copied HyperUnit too and forgot to change the name: txrelay[.]com literally says "Unit is the asset tokenization layer on TxRelay". The frontend, the API and the fees are Hyperliquid's. Even the slogan. The L1 is closed source, with Hyperliquid's naming on everything: TxCore, Tx-BFT, TIPs
Hyperliquid is closed source too, but it has 27 validators that each post prices, and anyone can run a node to check them. TxFlow has 5 validators, all its own, nothing you can run, and one key that acts as the entire oracle. The same key sits on the bridge multisig
So it's a centralized exchange secured by a 3/4 multisig. Their own audit says those keys "can propose arbitrary withdrawals"
And the growth plan is KOLs shilling ref codes
Crypto so dead that a company that raised $80 MILLION to build a L2 just straight said fuck it and became an AI router lmao
Lately thinking of leaving Rabby. Feels like every crypto company is always trying squeeze the user as much as possible.
The new Kimi 3.1 Pro is really fucking good. Decompiles whatever you feed it and won't get into gay safeguard bullshit.
the downfall of the industry in real time, what a disgrace.
Kimchi is the first person to truly cross the chasm between crypto and pop culture; the first ever example of a trader becoming a celebrity.
He represents exactly where we’re heading: a massive social trading ecosystem that onboards retail and grows to 10x the size we were last cycle.
The next wave of users does not come from CT - it comes from the masses - and we're proud to have Kimchi help us set the creative direction that will pave us on the path to a 100x larger ecosystem.
Readers added context they thought people might want to know
Kimchi is presented as a verified trader celebrity crossing into pop culture, but his signature claims of ~$40M profits trading $TRUMP (and resulting wealth) remain unverified with no disclosed wallet or on-chain proof.
memecoin.wiki/wiki/kimchi
bitcoinfoundation.org/news/people-in…
tapbit.com/en/learn/artic…
wow the interface of Papertrade is beautiful gg. What a shame is just another shitcoin with no value back to Hyperliquid.
Read the room Ledger. Nobody wants another device when all your existing devices might, or might no be, totally fucked
Today marks a new chapter for @Ledger. We’re introducing Ledger Atom™️, a security and privacy device built to protect everything you value.
Ledger Atom runs your everyday apps, with a secure chip, a secure screen, and Ledger OS™️ for the moments that matter. Your money. Your identity. Your messages. Your agents. Everything important to you, secured by Ledger.
Shipping in Summer 2027.
Reserve yours now: shop.ledger.com/pages/ledger…
Charlito @ Hyperlens retweeted
A new spot equities issuer is coming to @HyperliquidX, and this one is native.
@eqxlabs issues U.S. stocks and ETFs directly on HyperCore as HIP-1 tokens: 11 markets against USDC at launch, including $EQNVDA, $EQAAPL and $EQSPY.
The issuer is built only for Hyperliquid and funds itself with the HIP-1 deployer share of trading fees, so there is no mint, redeem or holding fee.
The interesting part is how dividends work.
1. Dividends are reinvested, not paid out
When a stock pays a dividend, the issuer receives it, pays 30% U.S. withholding and buys more of the same stock.
Your token balance doesn't move. What moves is the number of shares behind each token, which starts at 1.000.
2. Example
Let's say a share trades at $100 and pays a $1 dividend.
On the ex-date the share drops to $99. Your token is still backed by 1.000 share, so $99.
The issuer gets $0.70 after tax and buys 0.007 share.
Your token is now backed by 1.007 share: 99 x 1.007 = $99.69.
3. Why the token detaches from the stock
Token value = share price x shares per token. Over time the token should trade above the stock it tracks, the same way an accumulating ETF or wstETH does.
You collect the dividend through the price when you sell.
4. What keeps the price aligned
Authorized participants can swap tokens and shares at zero fee, so a token trading away from its value is an arbitrage.
That works while U.S. markets are open. On weekends the order book prices the news first, and nothing forces the token back to the stock on Monday.
5. What comes next
EQX says that once Hyperliquid's proposed HIP-1 extension is live, dividends will go straight to holders' accounts instead of being reinvested.
The details of that extension aren't in Hyperliquid's docs yet.
Pitfalls
The token is a debt instrument of a BVI issuer, backed by shares, not the share itself. Only authorized participants can redeem for shares.
In the first days and over weekends, part of the backing can be shares an authorized participant owes for next-business-day delivery.
Not available to U.S. persons.
Sources
docs.eqxlabs.io
xitter.cf/eqxlabs/status/2110355…
Hyperliquid.
what do you mean 'unfortunately' lmao
Old enough to remember this retard flexing his expensive purchases while plebs were waiting for muh pulsechain.
Lesson: stay away from shitcoins.
Paragon delivering the good stuff
VanEck Gold Miners ($GDX) is now trading 24/7 on Hyperliquid. Up to 10x leverage.
The largest global gold mining companies.
Trade now on Hyperliquid: app.hyperliquid.xyz/trade/pa…
Use browser wallets -> get drained by clicking a link
Use ledger -> get drained by tampered hardware
Use exchanges -> they get hacked and lose all your funds
What's left for normies?
CEO of OKX paying to boost a tweet just to shit on Binance is another level of hating I aspire to reach
There's a lot of interesting Hyperliquid validator actions that are not documented anywhere and a couple of new ones like 'ooo' and 'rrr'.
'ooo' changes the frequency of the abci_state snapshot. This basically allows a new node to sync to the network faster.
No idea of team's intentions with this. Currently this number is 10,000 blocks; a new node might need to replay that in order to join the network. This new action could be to help new nodes join faster or also detect earlier when a node drifts from the rest of the network.
Preliminary findings:
'qqq' is a new action type for rate limits, it sits right after new code handling EVM transfer escrows so my best guess is a global rate limit for such.
'ppp', no idea but my best guess: its sitting along code related to perp pricing, so maybe a cap on how much the price of $PURR is allowed to move/drift in a specific timeframe? All speculation, could be related to how mark price is capped, liquidations or maybe order price limits.
Preliminary findings:
'qqq' is a new action type for rate limits, it sits right after new code handling EVM transfer escrows so my best guess is a global rate limit for such.
'ppp', no idea but my best guess: its sitting along code related to perp pricing, so maybe a cap on how much the price of $PURR is allowed to move/drift in a specific timeframe? All speculation, could be related to how mark price is capped, liquidations or maybe order price limits.
