The Arbing Cat

@0xlykt There's also the option for deployers to pair against USDC if they want. @tradexyz will probably go this route

One aspect of HIP-4 markets that I think has gone under the radar is the fact that they use USDH as margin rather than USDC. All the main crypto and tradfi perps currently use USDC as margin, and this is the first time the Hyperliquid team has deployed a perp using USDH as margin. Increased USDH adoption -> Increased interest from increased USDH supply -> Increased HYPE buybacks

@chigmaboyy Nah. Way too many simps in India who'd destroy themselves even for an ugly girl for some semblance of companionship and action.

Remove arranged marriage from India, and the 4'11 unemployed girls with BA degrees with zero income, who dream of a doctor, IAS, IPS, bank manager, SSC CGL guy, or NDA guy, will stay unmarried. Because of arranged marriages, millions of unemployed girls got a lifestyle upgrade.

@MrBeast Mr Beast going hard on that X monetization

If this tweet has exactly 1 like in 24 hours I’ll give that person $1,000,000

If you pay attention, the procedure followed is the same that @mlmabc is pointing out. Since the internal pricing follows "internal prices" the oracle would be different due to differences in liquidity and executed trade volumes. The main point being that lighter wants to stay as close as possible to the XYZ oracle to allow for funding arb which would bring in some volumes. Before they started treading close to XYZ the funding kept going whack on lighter.

@mlmabc @PythNetwork Dont think so; last week when I checked they had completely different index prices

I cant believe @mlmabc is so dumb, but surely he is just baiting on Lighter peeeps here @PythNetwork is the oracle behind everything

@JackyGekko @Lighter_xyz @HyperliquidX Just curious - what did they do different/new?

The crypto space is full of jerk kids. @Lighter_xyz does something different/new from @HyperliquidX: it's a scam, fake narrative, it won't work Lighter uses the same approach of Hyperliquid/TradeXYZ (beacuse it works): it's copying, no innovation, there's not second best Try to grow up

@DEXoverCEX @0xShip_ @derteil00 True I was trying to put on good size but in clips of 50k each though my intended size was beyond 500k. But I don't know, it's been a few months and things may have improved. I'll give it a try again in a few days. Would happily trade their if the spreads have improved

@TheArbingCat @0xShip_ @derteil00 If you are trading 500,000$ lots then you may get screwed. It’s aggregating from the best bid ask available across cex and dex. Minus the mm spread which is reasonable

I may be boring as I’ve been saying this for a long time already, but RFQ for RWAs on-chain is the best way to go. We all love HL and TradeXYZ, but truth is outside from top5/10 RWAs there you can’t trade anything else. First platform to partner with big TradFi broker to allow RFQ-model for RWAs will win.

Yes I extensively use HL and have tried ostium as well. Ostium is alright, wouldn't call it great, but it does get the work done. I've used variational for some crypto trades just to try it out - got cucked by the spread on large sizes. Not a place I would pay the spreads to get size, especially on some alts.

@TheArbingCat @0xShip_ @derteil00 try using the product

@cz_binance Am I still asleep or did I just see cz shill a Hyperliquid feature?

One wallet, all access.

You're talking about rwa assets. Most of the rwa assets on HL by tradexyz are at 90% discount. It's less than 1bp. So the fee part doesn't really seem like a factor. Liquidity is great as well. Maybe not as great as what an RFQ could probably get for large sizes, but like I mentioned ostium is already doing that. I'm just trying to understand what's novel that it's going to reshape the perp space for rwas as many of the KOLs say

@TheArbingCat @0xShip_ @derteil00 large spreads huh ? Compared to the HL fee ? go do the trade comps and get back to me

@0xShip_ @derteil00 I know, which is why I asked for them to spell it out. Ostium has been doing this for a long time and genuinely has good experience if you don't want to trade on a clob. Variational is large spreads which people put up with only for the points.

@TheArbingCat @derteil00 There are really no difference. It is a trend now

@JUDEAU_1 @derteil00 From what I understand ostium is doing the same thing (except 24x5). So how's it any different? Just trying to understand the technical difference.

@TheArbingCat @derteil00 variational partenered with big tradFi exchanges to bring their liquidity to variational thanks to the RFQ model.without obviously mentioning liquidity on those exchanges would be 10000x times than HL's and you think theyd use HL for RWA perps? no.

Us forcing this just for a swap line? The UAE could have easily sold off the tons of US treasury and stocks they own to raise funds if they needed to which would have been worse for the US especially under a president who can't stomach 0.5% falls in the market. Leaving opec for a swap line makes no sense. It's more to do the with regional ego issues.

A weak OPEC is good for the US, so I could absolutely see the US having used swap lines as blackmail to get the UAE to do this as well. The capacity story doesn't add up, as they are no where near their OPEC capacity limits right now.

@_A_khalifa Exiting the GCC next?

Not YET.. UAE HAS MORE !

@nikkjx @Plasma Oh, I haven't made 25 transactions at a single merchant in 2 days so haven't run into this. Monerium cards work well everywhere but those are limited to cex' like okex and bybit. Bridge I haven't personally used, so I don't really know.

@TheArbingCat @Plasma I have etherfi as well and it also has this issue (since the card provider is the same) Seems like there are no other cards with the same benefits but with different card provider.

been testing @Plasma here’s what I experienced: there are absolutely no problems with offline payments. I tested it in 4 different countries with different currencies. FX fee is around 0.8–1.2% (depends on the amount and currency), which is super low and covered by cashback. the biggest con of Plasma is the card issuer, which causes problems with online payments. The BIN of the card gets declined at some merchants. Also, you can’t pay too frequently (10–15 times) to the same merchant (for example, through PayPal), your payments will get declined once you reach some sort of limit, and you have to wait 24–48 hours before being able to pay again. I really hope Plasma will switch the card provider because it’s the only real friction. platinum is 🔥 needs rollout asap. thanks to @rongplace and @river0x for the early access.

Strange. I use etherfi card which is issued by rain as well and have used the card multiple times at the same merchant the same day and never faced this issue as such. The issue I've seen is - some merchants just don't work and you can't do anything about it no matter how many times you try. Have to fall back to bybit card (I think that's issued by monerium) and that works flawlessly everywhere. It's mostly got to do with 3ds I think. I've never had 3ds otp or anything ever come with rain cards and have faced these decline issues only with merchants which force 3ds verification. The bybit card works on those merchants and I generally always have to Authorize the transaction from the app. So my understanding is that rain cards don't work when 3DS is forced by the merchant/payment gateway.

@TheArbingCat @Plasma The most annoying part is the limit on transactions with the same merchant. App says: “You’ve reached the 48h transaction limit for your card.” Support told me they checked with the issuer and there’s no way to fix it.

@nikkjx @Plasma Oh yes. Rain does have some issues with a few payment gateways and pos machines. Bummer.

@TheArbingCat @Plasma yes

@RobertSagurton @chameleon_jeff Bro really had to use fake ai slop comments from fake followers to feel good about dunking on Hyperliquid

Unless someone shows me where @chameleon_jeff talks about why priority fees are optimal market structure – I maintain that this was a result of latency issue (they couldn’t fix) – and is the reason they were forced to implement this so suddenly across all pairs. Not ideal. Why? Additional fees don’t mean more revenue – they mean less volumes – as there is now a higher hurdle for profitable trades to fire. And then add the friction and uncertainty that we have seen priority fees reak havoc elsewhere? And this could be a “rare chink in HL’s armor.” Where do we stand? Well, there will be multiple models built on Fogo but @TheHUB will timestamp every packet, and resident DEX’s like @ambient_finance will likely use FIFO sequencing based on that. When a trader wants to just get a damn order done – do they really want to go through an uncertain priority fee auction first? Nope, first come first serve, just like real life.

@VietnamPenguin That's denial, not realisation. Realisation happens only when aster stops paying him and he stops shilling it to his fake followers

LMFAO bro just realized no one’s actually trading on Aster once they stopped mirroring Binance volumes 😂