birdcallprrr.hl 🐸
17.8K posts

birdcallprrr.hl 🐸
@birdcallprrr_
weaponised autism /)/) ( . .) ( づ♡
Hyperliquid Katılım Şubat 2021
1.3K Takip Edilen1.7K Takipçiler

@tulipking @aaalexhl "You just need to sustain zeal up to the point of deploying the contracts"
- Deploy HL builder codes and it is akin to open source movement. You and I can create a free market in a permission less way.
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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?
kocha@0xkocha
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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.
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@expdsp_com Your site isn’t working, I’ve tried to reach it so I can email you, but nothing is working!
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[ FREE Filter Table Alternative ]
Exp Filtertable Lite for Windows/Mac (CLAP/VST3/AUv2) Now Available!
Get it Free at expdsp.com/downloads
#sounddesign #CLAP #VST3 #AUv2
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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

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@yadspi @Pirat_Nation Okay maybe I should’ve used another example, but you get my point. Why settle for ONLY good gameplay? Why not demand both as a paying customer?
That tribalism leaves the door open for under performance from makers.
Demand both = the message 😁
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@birdcallprrr_ @Pirat_Nation Yes? It's art, if the director made it B&W it is what it is
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🔥 JUST IN: Sony Electronics Singapore has partnered with Crypto.com to enable $USDC payments on the Sony Store Online.

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$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

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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%

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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.
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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
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