Tom DeFi

Update: Grayscale officially files the S-1 for $HYPE ETF (ticker: $GHYP) on Nasdaq. This would make $HYPE the youngest asset @Grayscale has ever created an ETF for. Grayscale doesn’t file S-1s for tokens they don’t believe in institutionally, which speaks volumes. Hyperliquid

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points update on @variational_io +88 points (25 from referrals) $200k volume $250k open interest pretty good week on variational...... more points for less work and less volume. once again open interest is rewarded, which imo is honestly the best signal of real trading activity. strategy stayed mostly delta neutral this week. funding on 01 @01Exchange was heavily positive for longs across a lot of alts, so the play was simple: long on 01 and short the same assets on variational. this way the directional exposure cancels out while funding keeps flowing in. collected over $450 in funding so far this week. most of the week was just sitting on larger hedged positions while rotating smaller alt trades to keep the funding edge positive and maintain volume. delta neutral + funding arbitrage continues to be one of the most capital-efficient ways to farm points without relying on market direction. stop sleeping on 01 and take advantage before it gets crowded and edge disappears...join here; 01.xyz/ref/giveno very happy with the points this week. putting an image of my positions in comments how many points did you guys get? omni.variational.io 12% points boost ref: OMNIGIVENO

It’s Wednesday, my weekly @HybraFinance payday. Still sitting at #1, with 13 days left in the points season. At this point, the race is against myself. My personal goal: reach 5% of total points share, which would allocate me around 2.5M veHYBR in the airdrop. Many of you asked why I held my veHYBR instead of selling. Simple: I see long-term potential. And honestly… it hasn’t played out that badly. I initially received 2,274,000 $veHYBR. The best moment to sell was around Nov 19–20 (at ~$0.0025 per veHYBR, assuming you could even exit that size). That would’ve been: → ~$5,680 Today, thanks to: • Weekly rebases (+40–50k veHYBR/week) • A few discounted buys on Hyperwarp I now hold: → 4,150,000 veHYBR At a realistic market price of ~$0.00078, that’s: → ~$3,240 But here’s what most people ignore, over the last 4 months, just by holding and voting (and now it’s fully automated thanks to @HywardFi): → I’ve earned $2,164 in passive income Yes, $veHYBR holders receive a share of DEX fees. So if I sold today: → $3,240 (current value) → + $2,164 (rewards) = $5,404 total Basically break-even vs the optimal sell point. But here’s the thing: I’m not selling a single veHYBR. Each veHYBR is a small soldier I send to war. And every Wednesday, it sends me back a paycheck. We’re in a bear market, and yet: • Hybra keeps generating fees • The team keeps building • Activity will come back And more activity = more fees More fees = higher weekly rewards I’m playing the long game. Hybra is part of my Hyperliquid moon bag. Hyperliquid.

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