@koolkrypto223 @hyperlendx @HyperTrendLabs True. Much will also depend on the chain moat too. The simple forks from other chains will only end up valuable if hyperevm can add valuable user cases ultimately.
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Bowse
744 posts
@bowse_eth @hyperlendx @HyperTrendLabs I think it's important to distinguish between investable and legitimate. Plenty of projects are trying to be decent but have no moat or differentiation and therefore aren't investable long term imo
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Might be an unpopular opinion, but the $HYPE holder base shows way too much faith and loyalty to HyperEVM projects.
These teams are not Jeff, most have no affiliation or support from Jeff, and a lot of them just followed the hype and built on the HyperEVM for a quick buck. Grifters, scammers, lazy code forkers, endless point seasons etc exist on every chain, HyperEVM is no different.
There are like 3 useful dapps I can see being interesting longer term.
If you are intentionally farming points or hoping for an outsized $HYPE S3 airdrop from HyperEVM opportunity, I'd bet very strongly that you're going to be very disappointed.
Resolv and Drift are just the most recent reminders in a long history of people realizing what counterparty risk is after it's too late. Every extra layer of counterparty risk you add and contract you interact with better be worth it. In my opinion, most are not.
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At different points in time I had reasonably significant amounts of money in Drift and Resolv.
Damn.
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@bowse_eth @ryskfinance been risk free for me for the past 8 months (not a pussy)
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Imagine an underfarmed crypto protocol with a points program whose users don’t spam “when TGE” all day because their users actually only earn yield from using their protocol.
If you’re not selling options, pivot to @ryskfinance and start rysking it all.
p.s. i still haven’t been assigned on any of the $HYPE puts i’ve sold this year. Over $80k earned from premiums alone risk free.
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it's called BOB- jollydinger.com/bob-one-pager.… - sign up to join with the form at the bottom
simple concept: answer 5 questions per day, earn BOB tokens, climb leaderboard and win rewards
we all are in private alpha/trading discord, so our quality of data improves -> more revenue -> rewards improve
42/50 spots already taken in first beta cohort (where reward emissions are highest) - sign up with the google form in the link above if you want one of the remaining spots
i'll keep releasing more details like tokenomics (100% to community btw) as beta progresses
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@Hyperwavefi Design a better system. Just trade once daily like any pooled fund in TradFi
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Update: The contract is now unpaused and normal vault operations have resumed. Details of the snapshot and airdrop will follow.
Hyperwave@Hyperwavefi
hwHLP Update hwHLP has seen a large influx of capital following the recent liquidation event, with TVL jumping from ~$4M to ~$20M. To protect long-term depositors and ensure the outsized yield from liquidations is distributed fairly, we have paused hwHLP exchange-rate updates while we finalize a distribution plan. The yield generated from this liquidation event will not be reflected via the exchange rate. Instead, it will be distributed via a direct airdrop to all hwHLP positions (including lending, LP collateral, and YTs) that had legitimate exposure to hwHLP at the time the yield was earned. We are currently working through on-chain data to determine the appropriate snapshot time for this airdrop. Depositors will receive the full yield they are entitled to, while short-term scalping capital will not dilute returns. We will share a detailed follow-up explaining the snapshot logic, timeline, and how this will be handled going forward to prevent similar situations. Deposits and exchange rate activity will resume in the next 48 hours. Thanks for your patience.
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No VC funding.
No seed unlock cliffs.
No insiders farming emissions.
Just users, vault profits, and buy pressure.
Hypertrend
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@blknoiz06 Game is now built it just took time. Called @hytopia finally Roblox on chain
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@quantymacro They have either just come off or are about to go on their Peloton bike session
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the clearest instance of class hierarchy is when dialing into team zoom call while wfh. PM & seniors wearing t-shirts visibly warm at home. while I'm in 3 layers to save heating bill
and they don't bother to blur the background bcs why would you when you have nice art behind
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A large part of me wants this to be true and not just marketing PR.
A credibly neutral blockchain to trade and store your spot as collateral is a dream worth believing in.
I think Jeff has the right crypto ethos. Believe in Something.
jeff.hl@chameleon_jeff
Integrity has always been one of Hyperliquid's core values. The house of all finance must be credibly neutral. This means no private investors, no market maker deals, and no protocol fees to any company. The initial state of any blockchain is a crucial part of its story that can never be erased. The original ethos of Bitcoin was a permissionless network accessible to all. Hyperliquid's genesis distribution followed this spirit, going entirely to early users with core contributors excluded. The full distribution is verifiable onchain without obfuscation. This principle of fairness frustrates a few users and builders who are used to special treatment. It means that Labs has zero tolerance for team members with integrity yellow flags. It means we do things the hard way as a community. But the world deserves a financial system owned by the people, where fairness to all users is in the DNA. Nothing else is worth building.
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@Cyespx @__paleologo @macrocephalopod @AgustinLebron3 A lot of the risks you mentioned exist and are worse on bucket shop retail platforms in TradFi where your broker is gunning your stops
Better hyperliquid perps than those thx.
And sure you can put money in dumb places on chain but you can also just put in aave or sUSDE
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Perps are a better bet for retail as long as you ignore insane funding rate spikes, extreme price locations like on 10/10, ADLs, exchange risk on the CEXs, and every other unique onchain risk factor. If Gappy ever truly looked into the toxic swamp of pyramid schemes and leverage looping that is Defi, he would die laughing. The yield can never be big enough for that risk
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It think it is quite natural that quants like @macrocephalopod @__paleologo @AgustinLebron3 who understand probabilities believe retail idiots like me should not trade. They understand quite well that the success stories are just selection bias and that most people who take big risks with their lives striving for greatness fail badly. You generally only hear about the extremely small percentage of people that made it and not the people who led themselves to ruin. The notion that hard work and determination over a long period of time will lead to outsized success is the American ethos, but most of us will not make it even with those attributes. Having said that, what is the point of even being alive if you are not going to try and reach the mountaintop... even as you have to step over the dead bodies of all those that failed along the way.
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@__paleologo @Cyespx @macrocephalopod @AgustinLebron3 You should take another look
Perps are a far better product for retail than futures or 0DTE's
Stable coin yields better than what they can get in big banks
And way more edge for them being in places that TradFi can't get, early to new protocols getting rewarded with tokens.
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@bowse_eth @Cyespx @macrocephalopod @AgustinLebron3 I have seen. Don’t be yet another guy. There are also rich retail tradfi retail ppl btw. Doesn’t invalidate my point. But you have a point on TradFi being rebuilt better. Worth taking another look.
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@__paleologo @Cyespx @macrocephalopod @AgustinLebron3 You've clearly never seen how rich crypto bros are and sadly (for you) don't see TradFi is being re-built better on chain.
It's not all PvP there is some PvE going on which makes stuff like airdrop farming the highest +EV for the retail guy over stocks
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I have been thinking about this and I think it’s just fine that individual trade. But it would be just better if they *invested*, provided they want to be active investors. They can have an edge there. Sure, they can trade in crypto if that is their thing but that is a war of the poor against the poor and I suspect the day of reckoning is coming there.
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@bowse_eth He taught me everything I know but not everything he knows
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Table selection is important
you want to be doing stuff in places others ignore
I was listening to a podcast and the guy mentioned a trader who does well in cattle futures & he asked him “why doesn’t citadel trade this edge?”
The trader replied “it’s not worth their time”
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@quantymacro I assume Big Beautiful Mid is abbreviated as BBM when I search for it on the internet?
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apologies for the delay. we are still accepting applications for our HFT bootcamp (we had to reject some candidates who we discovered have not paid their CFA membership fees - serious violation of CFA ethics)
meanwhile here's a sneak peak of the syllabus. looking forward to it
qm@quantymacro
I’m thinking of running a High Frequency Quantitative Trading bootcamp — DM if interested ideal participants - CFA Level 1 and above - Harvard MBA preferred - Kalshi/Polymarket Badge is a bonus - proficiency in Python/Excel - free next month
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Santi vs Haseeb just a PvP vs PvE debate. You can both beat your fellow player and be in a riding tide at the same time 🤷
Haseeb ＞|＜@hosseeb
A few things here: 1. The point of my piece was not "Ethereum is Amazon." It was not a business model comparison, so debating Amazon's profitability is really not the point. 2. That said, Amazon had very small profit for most of its history, with net margins around 1-3%. These are extremely low for a tech company, which is why Amazon was criticized so much by analysts. Amazon was a $150B+ company while having ~$100M in net income. I did not say "Amazon was unprofitable," I said "it took 22 years for the [profit] line to go up." True, there was a deeper growth flywheel if you look at revenue and FCF (largely driven by AWS). But that's precisely the point—the biggest companies in the world traded on profit at that time, but Amazon wasn't focused on profit, because it was chasing the exponential. 3. Outside of the Amazon points, the core of Santi's claim is that unlike Amazon, L1s don't have moats. Totally disagree with this. Was debating the same question yesterday with @QwQiao, and I think it's really incontrovertible that L1s have moats. x.com/hosseeb/status… He claims L1s: * Attract liquidity… but can’t keep it - Evidence? * Open source… great for innovation, terrible for margins - Evidence? * Blockspace… structurally a commodity - Evidence? * Users… mercenary - Evidence? I don't see the evidence for this. Obviously these are true for Blast or for some other chain that fell off the face of the earth, just as it did for Amazon's competitors. But these do not appear to be true for Ethereum or Solana—both have managed to hold onto liquidity, create valuable blockspace, with sticky users, all while being open-source.
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