Plakium

Some napkin math deconstructing @HyperliquidX points algo Input values are for example 🧵👇

Absolutely here for how Hyperliquid maxis can turn literally any piece of fud into something that is actually incredibly bullish for HYPE

@CatOnInkChain I don't think they have said anything yet other than that they are confiscated I guess it gives them a lot of bargaining chips, maybe socialise loses across all chains and also socialise their eth This seems to be the most collaborative solution which is what we should doing

@plakium Good point. Has Arb said that those confiscated assets will be socialised across L2s, or just for Arb

As a builder in the Ink ecosystem, I want Tydro holders to understand exactly what's on the table. Tydro is fighting for equal socialized cost across chains — including via legal means. Uniform socialization is Ink's best outcome. Here's the math on best case vs worst case. — BEST CASE: Uniform socialization 112,204 unbacked rsETH (152,577 minted − 40,373 recovered) dilutes the entire rsETH supply equally, regardless of chain. Depeg = unbacked / (original + unbacked) = 112,204 / (629,689 + 112,204) = 15.12% Under this scenario, rsETH's internal exchange rate is adjusted downward to reflect the depeg. The resulting bad debt flows through to ~2.23% haircut for each WETH supplier on Tydro. BEST CASE translation: rsETH on Ink loses 15.12%. Tydro's WETH suppliers take a ~2.23% haircut. — WORST CASE: L2s bear the losses alone rsETH on Ink goes to ZERO. 100% depeg. Liquidation wave hits Tydro. Per CatOnInkChain's findings: Bad debt: ~$19.78M / ~8,550 WETH Total WETH aToken supply: $77.37M / 33,435 WETH Shortfall: ~25.57% WORST CASE translation: every WETH supplier on Tydro takes a ~25.57% haircut. — 2.23% vs 25.57%. That's the spread between the two outcomes. Order of magnitude difference. Same underlying event, same bad debt — the only variable is who absorbs it. — Why socialization is the only legitimate outcome: Both Kelp (issuer) and LayerZero (service provider) have clearly stated, in their own documentation and public statements pre-incident: • rsETH is an Omnichain Fungible Token with SHARED UNIFIED SUPPLY • All rsETH holders have EQUAL redemption rights — pari passu Giving L1 holders preferential treatment over L2 holders directly violates these rights. For Kelp as issuer, it would be a breach of their own terms and potentially MiCA obligations — a conscious act of seizing value from one subset of equal-class holders to allocate to another. That's not a policy choice. That's a legal problem. — What the Ink Foundation can do: 1. Fight for Tydro holders through legal channels. State clearly and publicly that L2s bearing losses alone is not an acceptable outcome — via formal legal notice to Kelp before the outcome is decided. 2. Whatever the final resolution, I hope ink foundation can consider 2x–3x Ink points for WETH suppliers on Tydro to offset part of the hit. Same bad debt. Two outcomes. The difference is $18M+ for Ink's WETH suppliers. Worth fighting for. Let's do it guys, make this a win for Ink!

What if we just tokenised the leveraged looped liquid restaking receipt token so that users could have liquidity while still juicing yield? Maybe we could have a pool for this token where users could borrow against it? Who's building this ???

Why haven't you approved the PR? I sent it yesterday? The PR:

@iatskar can't dm, really excited to see the gondor product though

hosting the first prediction markets night in london next fri had great crowds in nyc and now taking it across the ocean :) dm for invite, giving out a few

3 weeks ago I argued the US goal in Iran is to seize the global oil spigot. Venezuela in January -> Iran in February. Neutralize every supply channel outside the dollar system within 90 days. Achieve a compliant successor government and complete energy dominance. The oil thesis was the obvious layer. However, when you zoom out & view the last four years as a single sequence rather than isolated geopolitical events, the architecture of the grander US plan becomes visible. 1st was Europe, which laid the groundwork. The Ukraine conflict provided the justification for sanctions that collapsed Russian pipeline gas from 150 billion cubic meters to 40. Then Nordstream was destroyed, which rewired the entire European energy system permanently. The US went from supplying 28% of Europe's LNG in 2021 to 58% by 2025, exporting a record 111 million MTs, the 1st country in history to break 100 MT. Europe was transformed from a customer with options into a captive market now purchasing its survival in USD. 2nd was Syria. The fall of Assad severed the critical node connecting China's Belt & Road Initiative to the Mediterranean. The trilateral railway linking Iran, Iraq & Syria, designed to bypass Western maritime chokepoints, was completely destroyed. This isolated Iran geographically & cleared the path for what came next. 3rd was Venezuela. In January the US effectively took control of the world's largest heavy crude reserves. The US Gulf Coast has the most advanced refining complex on earth, specifically built for heavy sour crude. Phillips 66, Valero & the rest are now positioned to process hundreds of thousands of barrels of Venezuelan crude daily. The US captured a massive strategic reserve & solidified its position as the dominant exporter of refined petroleum products, an industry worth $110 billion in 2025 alone. Venezuela & Iran were the two major oil supply channels that existed outside the dollar system. Both produce heavy crude sold primarily to China & evaded US financial supervision. Both now being neutralized within 90 days, which leads us to.. 4th is Iran & the Middle East energy shock. Israel struck Iran's South Pars gas field, the world's largest natural gas reservoir. Iran retaliated against Qatar's Ras Laffan, the single largest LNG facility on earth, responsible for a fifth of global supply. QatarEnergy's own assessment is that 17% of export capacity is gone and recovery will take up to 5 years. The Strait of Hormuz is closed. European gas prices spiked 70%. Asian spot prices doubled. The only remaining scaled supplier? The United States. If Iran falls & a successor government is installed that the US controls or influences (the Delcy model described weeks ago) then roughly 40 to 45 million barrels per day of global production out of 103 million is effectively under US control. OPEC becomes irrelevant because the US coalition is now the marginal producer. Now add the gas dimension & it goes beyond oil. This war is solidifying the petrodollar system as it evolves into a hybrid petro/LNG-dollar. The old system was built on Saudi crude priced in USD. The new system is built on American crude plus American gas from the Gulf Coast, with no alternative supplier of comparable scale. The dependency is deeper because LNG infrastructure requires long term contracts & regasification terminals that lock buyers into supply relationships for decades. Europe & the Pacific allies (Japan, South Korea, Taiwan, etc.) cannot pivot away as there is nowhere left to pivot to. They're now locked into the US energy system. The market confirms this. DXY went from 96 to 101. Gold down ~20% from its January all time high. Bitcoin down 20% on the year. Brent above $100. European & Asian institutions are liquidating precious metals and crypto to buy dollars because they need dollars to buy the only remaining scaled energy supply. The world is selling its gold to buy American energy in American currency. The dollar is now being weaponized through energy dependency. The structural repricing is happening regardless of how the conflict resolves. But the US grand strategy goes deeper.. Artificial intelligence is a physical industry. It runs on power and chips. Data centers require massive uninterrupted baseload electricity, primarily provided by natural gas. Semiconductor fabrication requires helium & rare earths. By choking the Strait of Hormuz & crippling Middle Eastern LNG & helium production, the US is systematically degrading China's ability to power its data centers & fabricate semiconductors at scale. The US is energy self sufficient, especially with newly captured Venezuelan reserves & expanding Gulf Coast capacity running on domestic gas. On the other hand, China is import dependent & every joule it imports effectively now transits chokepoints the US Navy controls.. Iran was the Belt & Road's overland energy bypass, the corridor that allowed China to mitigate the Malacca Trap. With Iran neutralized that corridor is severed. China faces a world where its compute infrastructure competes for scraps on a depleted global LNG market, while American data centers run at full capacity on domestic energy. Russia is next in the sequence. A post-war Iran reopening under US influence competes directly with Russia for the same refineries in China & India at lower cost. Iran's production costs are lower. Russia loses its last structural advantage in heavy crude & its economic lifeline. Additionally, under the Iran war cover, Ukraine has been opportunistically destroying Russian energy infrastructure & all signs point towards Russia being at the end of the line. The message from Washington becomes very simple: we dismantled two regimes in three months, your economy is about to get crushed, sign the Ukraine deal. Then Trump sits down with Xi holding every card. Complete energy dominance. The hybrid petro/LNG-dollar fortified, Iran cleared, Russia cornered, & China facing the Malacca Trap fully closed with no remaining energy bypass. Israel & the GCC are absorbing the kinetic cost of a conflict whose primary beneficiary, counter to the mainstream narrative, is actually America (First). Qatar offline for 5 years reprices the entire global gas market in favor of US exporters for the remainder of the decade. The Gulf states face years of rebuilding. Europe faces its 2nd energy crisis in four years. Sure, the average American might face temporary moderate inflation & higher gas prices. But if you are the architect of the US empire & you view the rise of China & Chinese ASI as an existential winner takes all scenario, the collateral damage is acceptable cost. Whoever controls the energy corridors controls the monetary system. Whoever controls the monetary system & the energy supply simultaneously controls the compute infrastructure that determines which civilization builds ASI first. The US is seizing all 3.

Was*

Chuck Norris is a mortal man after all

it was gonna happen eventually... the README was getting too complex, the standalone mode is 1 service but the full blown deployment can be up to 20, and with multiple (x4) deployment targets it becomes a nightmare to do by hand so just roll your own custom devops platform...

@niallohiggins Can't dm😥

What is Agentmaxxing? I let Replit Agent explain itself. It made this. Hiring Agentmaxxers at Replit. DMs open.

@milalolli 🇬🇧

If you are London based and Londonmaxxing building stuff. Drop a 🇬🇧 below 👇 I’m forming a group for IRL events and I want to see you there

Institutions that assume that human intelligence stays scarce and valuable are disappearing Brand moats no longer carry revenues Content and art are the only income generating endeavours The transition isn't smooth Dystopia is here

@karpathy You should have told Claude to "make no mistakes" that how you compress it down into 1 min dev time

Very interested in what the coming era of highly bespoke software might look like. Example from this morning - I've become a bit loosy goosy with my cardio recently so I decided to do a more srs, regimented experiment to try to lower my Resting Heart Rate from 50 -> 45, over experiment duration of 8 weeks. The primary way to do this is to aspire to a certain sum total minute goals in Zone 2 cardio and 1 HIIT/week. 1 hour later I vibe coded this super custom dashboard for this very specific experiment that shows me how I'm tracking. Claude had to reverse engineer the Woodway treadmill cloud API to pull raw data, process, filter, debug it and create a web UI frontend to track the experiment. It wasn't a fully smooth experience and I had to notice and ask to fix bugs e.g. it screwed up metric vs. imperial system units and it screwed up on the calendar matching up days to dates etc. But I still feel like the overall direction is clear: 1) There will never be (and shouldn't be) a specific app on the app store for this kind of thing. I shouldn't have to look for, download and use some kind of a "Cardio experiment tracker", when this thing is ~300 lines of code that an LLM agent will give you in seconds. The idea of an "app store" of a long tail of discrete set of apps you choose from feels somehow wrong and outdated when LLM agents can improvise the app on the spot and just for you. 2) Second, the industry has to reconfigure into a set of services of sensors and actuators with agent native ergonomics. My Woodway treadmill is a sensor - it turns physical state into digital knowledge. It shouldn't maintain some human-readable frontend and my LLM agent shouldn't have to reverse engineer it, it should be an API/CLI easily usable by my agent. I'm a little bit disappointed (and my timelines are correspondingly slower) with how slowly this progression is happening in the industry overall. 99% of products/services still don't have an AI-native CLI yet. 99% of products/services maintain .html/.css docs like I won't immediately look for how to copy paste the whole thing to my agent to get something done. They give you a list of instructions on a webpage to open this or that url and click here or there to do a thing. In 2026. What am I a computer? You do it. Or have my agent do it. So anyway today I am impressed that this random thing took 1 hour (it would have been ~10 hours 2 years ago). But what excites me more is thinking through how this really should have been 1 minute tops. What has to be in place so that it would be 1 minute? So that I could simply say "Hi can you help me track my cardio over the next 8 weeks", and after a very brief Q&A the app would be up. The AI would already have a lot personal context, it would gather the extra needed data, it would reference and search related skill libraries, and maintain all my little apps/automations. TLDR the "app store" of a set of discrete apps that you choose from is an increasingly outdated concept all by itself. The future are services of AI-native sensors & actuators orchestrated via LLM glue into highly custom, ephemeral apps. It's just not here yet.

@InvestorFront @Trading212 How do we get to see the FX impact?

Being a UK investor can be hard sometimes with @Trading212 FX impact 😩 If only there was a way round this 🤔

What is to give light must endure burning Hyperliquid

Prices now ripping out of their charts 🫡

It's funny watching all the Gold holders start to talk about a run to "10k" Be careful what you wish for man -Sincerely, an Ethereum holder

@ahitposter Except he has no tax liability, think twice about tax efficiency before selling your business

$coin is down 35% since buying echo, making cobie’s $375m payday worth only $244m adding the $170m tax liability for 2025 leaves him with a measly $74m if the stock goes down another 55% from here, hes actually lost money from the sale think twice before selling your business

Claude read my feed and give me a banger I can post Make no mistakes