硅基鸟 | Ray

6年前，我是个生物医学工程本科学生 4年前，我在初创公司写Java 2年前，我转型去AI初创做co-founder，研究agent workflow和RecSys 1年前，接触加密，做了副业写了书，自学金融知识 现在的我：美股，加密货币，套利，人工智能，吃瓜

@innerpeacejojo @yourQuantGuy 预测市场标的啊

@yourQuantGuy 何一和CZ有几个孩子这个重要吗😅

12年前，我是个金融本科学生 10年前，我在对冲基金里当 analyst 8年前，我转型成了 data engineer 5年前，AI大潮我在研究 transformer, embedding, vector, cosine similarity 4年前，担任 CTO 2年前，辞职 现在的我：美股，加密货币，套利，人工智能，OpenClaw 龙虾，原油，黄金，银，铜，FARTCOIN, 中美关系，伊朗局势，外星人存在的可能性，Elon 发推特的次数，深圳的最高气温，朝鲜黑客动向，何一和CZ到底有几个孩子 好像活成了出租车司机。

@shrimp_capital @Yaugourt @androolloyd 不，你理解错了，该系统并非给予大玩家优势，而是将本属于共址激励的优势转移到竞价最高者，而HYPE捕获这次转移发生的价值切变，利好hype holder

@Yaugourt @androolloyd This doesn't sound good to me. Generally I think systems giving advantages to larger players push savvy shrimps to use different systems with more even playing field.

New on testnet: gossipPriorityGasAuction. Paid in HYPE. @hydromancer_ spotted the first live event (500 HYPE priority bid from wallet 0xc010e5b9b06b3c0525d3cf3dc88131019bf52a88). @androolloyd cracked the full gossip protocol in parallel. Together, these findings open a window into something new on Hyperliquid. Disclaimer upfront: we're still figuring out exactly what this is and how it will be used. The most likely use case is MEV-related, but other applications could exist. Take everything below as a working interpretation, not a final answer. Quick intro on gossip: On Hyperliquid, transactions don't go directly to validators. They pass through 8 whitelisted broadcasters that bundle and propagate them via a peer-to-peer network called the gossip protocol. Think of it as the nervous system of the chain, where every validator shouts what it sees to its neighbors until everyone is in sync. The order in which transactions arrive through gossip determines the order they get included in blocks. That ordering has always been based on who gets there first. What this auction appears to be: An explicit Dutch auction to buy a priority slot in the gossip propagation. Price starts high, decays toward a floor over a 60-second interval. First bidder to accept the current price wins the slot and holds priority until the next round. Multiple slots run in parallel, each with its own independent auction. Pay HYPE, get your transactions pushed to the front of the broadcaster queue. Transparent, onchain, open to anyone. Important detail: The bid function is gossipPriorityBid(slotId, ip, maxGas). The IP is an explicit parameter, meaning the slot is tied to a specific connection, not just a wallet. This suggests the mechanism is built for professional operators with dedicated infrastructure, not retail traders. What it could unlock (assuming MEV is the primary use case): - HFT strategies that need deterministic priority - Liquidation markets where the best bidder wins - HIP-4 settlement front-running becomes a priced game instead of a latency race - Market makers on HIP-3 perps compete on bid size, not just colocation advantage - New HYPE demand sink (every bid captures native token) What it might mean structurally: - MEV goes from implicit (broadcaster ordering) to explicit (onchain auction) - Geographic colocation advantage shrinks - Priority becomes a market, not a race - Validators and protocol can potentially capture value that was previously invisible But it might not only be about MEV extraction. Note: This is testnet. Parameters (start price, floor price, interval duration, number of slots) will likely change on mainnet. In high-activity periods, 60 seconds of priority could be worth significant amounts for market makers or liquidators. Expect bids to evolve as mainnet launches and real flow starts. We'll keep digging and update the community as we learn more. Source: lastdotnet.github.io/hyperliquid-ru… Hyperliquid.

@real_dr_pump @RelayProtocol bro你KYC是什么身份呀，美国身份吗

尝鲜了一下USDH的法币出金，半夜申请的提款，当天一大早就到了，还没有手续费，这比其他的几家出入金服务商要丝滑太多了 出金需要用到HyperEVM的 USDH，我从base的USDC通过 @RelayProtocol 换到 HyperEVM的USDH，fee在0.2%左右。出金是不需要额外手续费的 USDH是之前Hyperliquid原生稳定币招亲比武里的亲儿子团队 @nativemarkets 做的。托管方是Blackrock+JPMorgan（链下）和superstate（链上） USDH会把50%的储备收益分给Hyperliquid的援助基金，剩下的50%用在GTM，分给Builder code，HIP-3和HyperEVM的DApp

@odysseus0z I'm exactly the Fujian person you're talking about This is the way of life of our maritime civilization

OH: some dude in Fujian (scam capital of China) uses hacked credit cards to subscribe to Claude Code Max, resell them as API at 20% cost, and then sell user traces to Chinese labs for distillation. Bruh.

@Niuma_Dodo @xiaomustock 不是，怎么这么乱的

也就是说cz原配老丈人帮买的上海房子，然后cz卖掉梭哈了btc，最后跟何一在一起了，但又不跟原配离婚，所以原配即拿不到币安的股权和收益还被何一撬走了老公。

TENCENT and XIAOMI are live. 24/7 trading with 10x leverage. Both now qualify for kPoints Boosts.

@MeIgardes @CryptoJason1379 走能量租契交易路径费用极低 非也，都隐含在trx的价格和无风险利率当中了

@CryptoJason1379 看来你还不知道 TRX 链上的匿名转账功能，你以为灰产为何如此钟爱波场链，而且走能量租契交易路径费用极低，TRX 链也就成为了名副其实的灰产帝国的掌上明珠。

我觉得孙哥能有今天的成就 离不开灰灰哥们的惯性思维 这他妈的是人啊，gas费4.5刀，贵族链才0.01刀啊

@corleonefnf bang

其实star只是想确认CZ和何一到底有没有结婚，自己还有没有可能

@dongdongRobin @Kinetiq_xyz @ValantisLabs 原本在质押，已经在提现了，之后打算当投资组合保证金

💥H卫兵调查💥 < 大家手里 HYPE 都放哪？> 我手里的 HYPE 现在分散在⬇️ ▶︎ 官方质押 ▶︎ kHYPE ▶︎ 还有一丢丢在 stHYPE kHYPE @Kinetiq_xyz stHYPE @ValantisLabs 都有积分 program ✅ ▶︎ app.valantis.xyz/vaults?af=SISY… 应该还有很多 bro 放在 CEX？

@LeooMidas To be honest, it was the first time I saw a photo of shoku He even looks more handsome than Jeff

i feel this a very difficult choice as a trader on perp dex, try choosing: 1 to use, 1 to farm, 2 to forget/drop

@juransir 我知道为啥，一般还是挺快的，主要是特么上周香港大放价，这b地方又放清明节又放复活节，4.3-4.7都不工作

习惯了国内银行转账秒到账，前几天从众安银行转（电汇）了点美元去美国卡，一周才到。不知道是快是慢。🥲

@LingJingMaster @dongdongRobin @HyperliquidX 问过了不用试了，只要是中国身份都不行，境外居住地也不行

@dongdongRobin @limxn6 @HyperliquidX 是全部功能不支持吗，出金盈透也不行？

< 不温不火那么久，USDH 终于行动了✅ > USDH.com 宣布对 @HyperliquidX 实现<零手续费、零滑点>的法币出入金，支持美国银行及券商账户 Wire/ACH 直连，并开放全球 180+ 地区的 USDC ↔ USDH 1:1 兑换 什么概念兄弟？东子给你讲讲 🥸 ✅ 先说费率 在目前主流出入金渠道里，MoonPay 卡支付手续费最高 4.5%，Stripe 也在 2–3.5% 区间 简直抢钱好吧 $USDH 主打零手续费 + 零滑点叠加与 USDC 的 1:1 兑换，简直做慈善？ 理论上要构建一条近乎无损的法币通道 到时候我要把流程跑一遍试试 真假能做到这么便宜？ ✅ 另一块，是支持券商账户 ACH 直连 这意味着一个资金放在 IBKR 盈透/Schwab 的人，可以用接近 TradFi 的体验直接进出 HL 不用理解什么跨链桥/gas 即说烂了但重要的链抽象 要知道 类 IBKR 的这些用户画像够顶尖： ▶︎ 高净值但未上链 ▶︎ 资沉在 TradFi、不缺风险偏好 ▶︎ 有真实交易习惯和资产规模的用户 所以项目方们别圈链上韭菜割了 胸怀天下，学学做增量大蛋糕 🍰 放在我们老大哥 Jeff @chameleon_jeff 去年最高指示说过的框架里看会更清晰：HL 要走向 mass adoption，卡点在两处： 1️⃣ <法币出入金通道> 2️⃣ 面向 non-crypto 用户的<移动端>体验 这两点都在推动中了 加密从来不缺圈内流量再分配的项目——换个界面，换个代币，存量用户之间重新洗牌。真正难做和有价值的，还是输血圈外的钱和人进来 从这个角度看，我很认同 @naticemarkets 的发力方向 但执行层面的细节才是最终的决定因素 圈圈 USDH 大佬 @Mclader @fiege_max @GuthixHL @mlmabc $HYPE 拭目以待 Hyperliquid.

@kirbxbt @CL207 nice cat, nice guy

@CL207 no I will take responsability, if things get dire i will send someone trusted proof of diagnosis and hospital billing before any address

war happening, social security collapsed so I will have to withdraw everything, the end of my trading journey for the moment

@Billy0xFF @yourQuantGuy 有清算基金吧，binance 有点像这种模式，覆盖穿仓敞口的，但本质上只有 adl 概率的高与低

@yourQuantGuy @limxn6 保费可能不好算，需要新范式的精算师

如果Hyperliquid的潜在最大利好是传统金融机构的adoption，那么最大的问题就是ADL机制。 每次说到Hyperliquid ADL的机制，评论区总有无数的“这是一个feature，不是bug”，“有了ADL的机制才保证了hype的稳定运行”，等等。 从不同的角度来讨论，你怎么说都对，并且我也没说这是一个bug。但对于机构，这确实是个问题，尤其是传统金融机构来说，安全、合规、稳定，是最重要的。 机构是无法接受仓位在某一天的某一刻，也许是周六的凌晨3:05在没有任何通知的情况下仓位突然消失了，因为被ADL了。这对交易本身是灾难，对擅长做各种对冲的机构来说，更是一个灾难。 这个问题对于hyperliquid来说似乎无解，甚至jeff并不认为这是问题，但对传统金融机构来说，这可能是个门槛。 借用我一位传统金融机构的朋友的话：只要adl存在，你的交易就在接受长尾风险(negative tail)的同时，放弃了潜在的长尾收益(positive tail)。 上面这些讨论只是从最近火热的RWA交易引申的一些想法。我之前也发过推，提到前段时间因为大宗商品的交易而出圈到传统金融的大佬都第一次听说了hyperliquid（我也因此开始定投，我觉得一月底到二月初的那一波涨幅一定程度上也来自于此），我和身边还在传统金融的朋友提到hyperliquid，他们的第一反应也是“不得了不得了”，但提到adl，就都会说“这是个需要解决的问题”。

@loraclexyz @ThinkingUSD Hedging temporarily can't be done without using IB, lol

@ThinkingUSD Tbh going on IBKR gives me a headache, what do you mean I can't code my own execution strategy, what do you mean I can't see real time orderbook. Buggy UI.. Wires taking days to clear, how do people live like this

It's crazy to think that by being able to trade on Hyperliquid you actually have some edge vs. people trying to execute on IBKR? Being able to trade unconstrained 24/7 with higher leverage.

@AlbertNonymous @pmarca video generation

@pmarca Marc, can you give us an example of what someone might be doing that uses $1k/day?

The pricing tiers for AGI are something like (1) $20/month, (2) $200/day = ~$75,000/year, (3) $1,000/day = ~$350,000/year, and (4) ~$10 billion. For now.