hyperliquid L1 fan

This week we launched HPL staking, our first token utility. We’ve been humbled by the positive response we’ve seen from our partners and users and I’m very excited to continue developing HPL as an integral part of HyperLend. Before we get too deep into the era of staking I wanted to pause and take a moment to explain how we got here and why we chose Borrowing Rebates as our utility. To begin, we knew that staking was going to be a core part of HPL’s mechanics. The most common model we’ve historically seen around native token staking tends to be emissions focused. We evaluated a lot of emissions based models, but in the end came to the conclusion that in general direct staking emissions are damaging to the long-term health of a protocol. HyperLend is here to stay, and our token design needed to reflect that reality. With this in mind we went back to the drawing board with the team @BlockworksAdv, modelling out other ways we could see the token playing a part in our ecosystem. Over and over we kept coming back to the protocol's core function, the credit layer of Hyperliquid. With this in mind we decided to focus on our borrowers. Borrowers want cheaper rates, so we decided to give them that. HPL’s Stake and Save model is as simple as that, it allows users to stake the HPL token for discounts to their borrowing interest rates. You stake HPL and in return receive a rebate on your borrows, straight from our revenue and direct to you. We initially toyed with the idea of a stepped or tranched model, where users could stake up to say 100 tokens for one rebate and then 200 for another. The issue we saw here is that in this example there was no benefit to buying the next token, users always had to purchase all the way up to the next step to see that next level of discount. With this inefficiency in mind we decided to instead use a staking curve, with every extra token staked providing an increase in a users rebate. HyperLend is the credit layer of Hyperliquid and HPL staking is designed to allow you to access more credit for cheaper. It’s time to Stake and Save. gLend.

Chairman @SECPaulSAtkins regarding the Commission’s interpretation on crypto assets: “We’re breaking from the past. We are now giving clarity from the SEC’s perspective as to what are and are not securities.”

When you look at the price movements in metals, a quote I can’t remember who said comes to mind. "If you look closely enough, you’ll see that everything in the world is a meme token."

Hyperliquid in WSJ print (again)

@NizMhani Germany is Israel's dog

🚨BREAKING Germany announces it is withdrawing its defence of Israel at the International Court of Justice genocide trial. In 2024 Germany intervened, claiming the allegations were "baseless & politisised". Today, the pro Israel position has become untenable & indefensible.

@zainabReza_13 America and Israel are the cancer of this world. I hope you will be able to see the day you fall

An American soldier trying to force his dog to attack an Iraqi woman, but even the animal shows more humanity than the American soldiers themselves. 2006, Baghdad, Iraq.

SPDJI just licensed the S&P 500 to trade on @HyperliquidX via @tradexyz This is the most iconic benchmark in global finance. Claude breaks down and shares some reasons why. • Institutional legitimacy • First mover advantage with SP500 licensed perps • More fee revenue for HYPE • Validates HIP-3 • Narrative shift. S&P500 is now officially on-chain. 24/7/365. Powered by Hyperliquid.

Huge congratulations to TradeXYZ and S&P for this historic partnership. I'm honored that these teams choose to build on Hyperliquid. Seeing official S&P500 perpetual futures launch exclusively on Hyperliquid is a validation of everyone's past years of hard work: global access to decentralized finance, perpetual futures as 24/7 price discovery, and Hyperliquid upgrading the existing financial stack to house all of finance. The S&P500 is synonymous with "the market," a single number that captures the essence of the largest economy in the world. Looking forward to tracking the world's most important financial gauge 24/7 on the most liquid permissionless markets.

The owner of the S&P 500 index is licensing the world’s most tracked stock index for the launch of a derivative contract that trades around the clock on the crypto exchange Hyperliquid on.wsj.com/4bezxK0

@WSJmarkets @HyperliquidX Hyperliquid

Is anyone still using Bynance?

@HyperliquidX @0xCharlota @WE3co Hyperliquid

Here's a teaser of what's to come for the Hyperliquid brand... Shout out to the amazing @0xCharlota and @WE3co team for leading the brand design The core principle was conveying how seamless trading is, even with advanced features. Let us know what you think 🫧

The Hypurr NFT series could be a smart investment choice. However, its true value lies in the community’s strongest connection to Hyperliquid—a community where nearly every member has generated at least six-figure profits. Only slightly over 1,200 are currently in circulation; the rest haven’t budged—and likely never will. Because the Hyperliquid community knows that Hyperliquid always rewards loyalty.

Imamoğlu is not a criminal, as the government trolls here claim (the only reason he is in prison is because he has a strong chance of becoming the next president). You cannot pressure Turkey through Imamoğlu. If you asked İmamoğlu, he would say, “Let’s not go to war with Iran—I’ll stay in prison.” The vast majority of the Turkish people put their country first above all else.

The more indispensable Turkey’s leader becomes to the war in Iran, the longer his biggest rival can expect to spend behind bars econ.st/40uiHkc Photo: Getty Images

In short: it's still too early

HIP-3 permissionless perpetuals are breaking records: OI has surpassed $1B (recently hitting ATHs around $1.3B+), integrating TradFi assets like oil, silver, equities, and more—challenging CME with 24/7 trading. Builders stake 500k $HYPE to launch markets, earning fees that flow back via $HYPE buybacks. HIP-4 outcome contracts (prediction markets) are live on testnet, mainnet coming soon: Permissionless sports, politics, event-based trading—no liquidations, fully collateralized, integrated with HyperCore. A true ecosystem where everyone can build, test, use, and earn. This is the composable foundation we've been waiting for. Still very early. The house of all finance

If Hyperliquid is flooding your timeline, it’s not because of paid shills, it’s because people actually love what it represents. That includes some of the most jaded people I know in this space. Hyperliquid

@Rekt_Zerker Good product Rewarded community Honest team

@HyperliquidFan but how is this possible

bloomberg, WSJ & fortune the hyperliquid marketing department deserves a raise