David

hear me out $COIN

The OnRe Market on Kamino has crossed $100M in market size. Reinsurance premiums are moving onchain, unlocking sustainable yield backed by real-world risk and uncorrelated returns, now accessible through DeFi. RWAs are scaling on Kamino.

It has never been easier to save on your loans, this is the type of value accrual back to user that should be standardised in DeFi. When we were designing HPL staking we chose to look to the institutional future of Hyperliquid, designing our token’s initial utility as something that would fit seamlessly into any capital manager's inventory. What do large capital operators use every day? Credit. HPL staking is designed with this reality in mind. If you are managing a large amount of capital, you’re borrowing, the only question is venue. Having already established HyperLend as the premier credit venue the question was how can we make credit even more accessible? You make it cheaper. Thus, HPL Staking rebates were born. If you’re struggling to understand the power of HPL Staking at scale you can look to our biggest borrower on HyperLend. Borrowing ~$50 Million against their stack of kHYPE, HPL Staking is saving this user over $40,000 a year for the cost of less than $1500. Staking Rebates are percentage based, providing users a discount against their borrow that can massively overshadow the initial cost of purchasing HPL tokens. If you need credit to fulfill your business’ objectives, staking HPL is designed to be a no brainer. One week into Stake and Save we’ve already seen over 10% of the circulating Supply staked, which we’re incredibly happy to see. But, with 10% staked there’s still 90% left missing out on some serious savings. Hyperliquid’s credit layer just became even more efficient, and we’re just getting started. gLend.

Binance has released market maker guidelines, requiring token issuers to promptly disclose market maker information to the platform; profit-sharing and guaranteed return arrangements are prohibited; token lending agreements must clearly specify token usage. Binance said it will take swift and decisive action against any violations, including blacklisting non-compliant market makers.

Investor Relations in the Onchain Era

Our goal for DAS this year was simple. Inject optimism back into this industry. Optimists always win. Always. But I get the sense crypto has been overtaken by pessimism. We need to snap out of that NOW. We have been building Blockworks since Dec 2017. I have never seen this much momentum, this many tailwinds, this much institutional and political support for crypto, this much real world adoption. And all I hear on this app is complaining about the tokens going down. Most tokens will stay down, that’s ok! But what most seem to be missing is that the winners are emerging. Their tech will get adopted globally. Their platforms will be seen as staples of society. And yes, their tokens will go up (a lot). We wanted to show you with DAS this year that crypto will win. I hope we’ve played a small role in sparking your optimism in this idea. Crypto will win.