moonbag

@Hy_Purr_liquid so HIP4 is almost ready ?

Tradfi Options is my guess for this. Tradfi spot is way to vanilla.

@JulienTechInvst thank you for the explication. frontrunning mr market

Memory makers bloodbath tomorrow (likely). It a huge progress and is an step forward in removing the memory bottleneck. Now, it will put more pressure on logic side though

@HyperliquidEco @tradexyz @felixprotocol points are a hoax, felix will never launch a token, remember marginfi on solana ?

Spot equities by @tradexyz soon? @felixprotocol getting a hard time here - but if you ask me they deserve it with running a points season this long

@WatcherGuru lower please

JUST IN: USDC stablecoin issuer Circle $CRCL stock crashes 18% today.

@evfiend @DeriveXYZ @ryskfinance I think crypto native is their target, not retail

@pdmplp @DeriveXYZ @ryskfinance yea retail will never use this

@evfiend @DeriveXYZ @ryskfinance I think it’s a first step in simplifying the complex UI of Derive/other options platform. Still improvement to make but they are raising the max cap gradually. Check the TVL, its doing great and there is redemption after every expiration :

@pdmplp @DeriveXYZ @ryskfinance this is hot garbage lol these half baked vault options are useless retail / normies aren't using this shit they need robinhood

@0xjuaan @VaultHopper very cool

🚨 10+ Morpho vaults may have millions in bad debt due to the $USR depeg. But many still have available liquidity, so you can exit if you act quick. We made a site to check if you're deposited into at-risk vaults, and let you withdraw immediately. Link: hopper.to/exit

@LeRouXBT oui, hyperliquid

On a déjà vu une boite ship si vite ?

so much win

@Henrik_on_HL @marginfi playbook

Felix points program is running for too long tbh

@CryptoPicsou Good timing

$BTC and $HYPE are finally back in my portfolio. Believe in something.

@Harsha2077 didn't know thx bro

you've probably seen screenshots of $DRV OI next to Hyperliquid and Aster from ppl shilling it as "undervalued" i dug into the numbers. here's what's actually going on first, that $1.3B OI is almost entirely options notional. Derive's own dashboard breaks it down: BTC: $528M total OI • $507M options • $21M perps ETH: $97M total OI • $94M options • $3.4M perps so actual perp OI is only ~$24M. the "$1.3B" figure comes from options notional value (which makes sense because Derive is an options protocol). but options notional and perp OI are completely different things. in perps, $70k notional = a real $70k position with collateral and liquidation risk. yes leverage inflates it, but typically by ~5–10x. in options, $70k notional just means the contract references $70k of the underlying. the premium paid might only be $200–$400. the inflation vs real capital can easily be 100x+. this is why TradFi doesn't report options OI in notional. CME and CBOE report contract count. Deribit (the largest crypto options exchange) does the same: • 483,124 contracts headline • $33.7B notional shown separately clear and transparent. Derive only shows notional OI as the headline, with no contract count on the trading UI. so i went to their stats page. Derive has roughly ~8,000 BTC options contracts across all strikes. Deribit has ~483,000. that puts Derive at ~1.7% of Deribit's size. to be clear, i actually like Derive as a project. the team is solid. but when someone puts Derive's "$1.3B OI" next to Hyperliquid and Aster and says "look how undervalued", they're comparing options notional to perp OI. it's apples to oranges. also worth noting: Derive's OI is concentrated in just two expiries (March 27 and June 26), suggesting a small number of large positions. so the real picture is: • ~8,000 options contracts • mostly one-sided call selling • concentrated in two expiries • ~1.7% of Deribit's size if someone's selling you $DRV based on "$1.3B OI at $76M mcap", they probably don't understand options. also @DefiLlama can do better here. options protocols like Derive shouldn't be ranked by notional OI alongside perp protocols. either show contract count for options or at least separate the categories. the current setup is misleading

@Solofunk @aaalexhl 25% buyback

@aaalexhl How does value accrue to $DRV?

Pretty clear the next crypto bull run will place a heavy emphasis on revenue generating coins My personal DeFi picks: - $HYPE is still king - $DRV - $SYRUP - $PENDLE

@Moonbl0x $drv from @DeriveXYZ

im asking genuinely what crypto chart looks better than hype/usd? please respond

@dcfgod bullish on @ryskfinance points

Derive is the hyperliquid of options It’s not just the next deribit, it’s the base layer for all future options protocols Note: dcf cap holds drv

@KookCapitalLLC he will nuke us at $34

arthur hayes new essay on $hype is great he will nuke on us at $50 but his thesis is well thought out and largely in-line with mine hope he actually holds to see $150 cause it's coming nice work arthur enjoy the powder ⛷️🗻

$HYPE

@log1_053 not a fractal fan but don’t underestimate how lower Tel Aviv can bomb btc

I keep seeing this really. I mean, yeah the fractal has been working quite a bit now, but the odds of it to continue? hmm.

@KobeissiLetter based

BREAKING: Spain's Prime Minister responds to President Trump cutting off all US trade with Spain: 1. "NO to violations of international law" 2. "NO to the illusion that we can solve the world’s problems with bombs" 3. "NO to repeating the mistakes of the past" 4. "NO TO WAR" Spain says they have "faced this moment before" during the 2003 Iraq War. Spain continues to ban the US from using its military bases for operations in Iran.