

Kitchen Layer
46 posts

@kitchen_layer
Connect HyperCore to a broader crypto ecosystem. Enhance builders experience. The ultimate dApp cook book, powered by @HyperliquidX









3/ 🚀 Hyperliquid Frontier Track Finalists: • FLIPgo taikai.network/hl-hackathon-o… • HyperKitchen taikai.network/hl-hackathon-o… • Hyperliquid Swift SDK taikai.network/hl-hackathon-o… • Hypertick taikai.network/hl-hackathon-o… • LeverAcc taikai.network/hl-hackathon-o… • Liquid Terminal taikai.network/hl-hackathon-o… • Purro taikai.network/hl-hackathon-o… • SentientPools taikai.network/hl-hackathon-o… • Wellspring taikai.network/hl-hackathon-o…






6 months post HIP-3 mainnet launch, would make a bet there will be at most 4 market deployers doing >90% of the combined HIP-3 volume Why? >Venture-style decision on the part of those who stake HYPE to these exchanges >Avoidance of fragmentation around the most desired markets >Difficulty in deploying and scaling novel market types (or any market at all) from a risk perspective 1. For a staker choosing to lock-up their HYPE in order to back an exchange, the staker is essentially making a venture bet: spreading HYPE around 50 exchanges is one approach but taking a bet on a clear winner will inevitably yield higher results (and will there even be 50 exchanges accepting external stake to spread around to?). The second two reasons further emphasize why diversification of stake doesn't make as much sense here as it might when staking to a regular validator 2. Fragmentation of markets will kill UX, so it’s highly unlikely imo that we see HIP-3 exchanges deploying the same markets; deployers will take bets on the markets they see real demand for, markets that aren’t yet deployed and try to swallow up market share as quickly as possible 3. And finally on the point of winning and maintaining market share, deploying perp markets for novel assets (equities, indices, FX, etc) or even crypto-native assets is no easy task. If any HIP-3 exchange has an XPL pre-TGE moment, its reputation will likely be severely wounded. Risk and market selection will be critical, and 6 months out, it’s difficult to see >4 exchanges splitting 90% of the combined HIP-3 volume given the inputs required on risk and scaling *One caveat on this argument is that as perps expand, we could certainly see an expansion of perps use cases beyond the current obvious options, which is why I put this bet at 6 months out. Maybe 12 months post HIP-3 mainnet, we have newer entrants with novel use cases pushing higher volumes, but also a good chance the incumbents are scaling aggressively at that point and taking these new use cases as quickly as possible






NFTs on Hyperliquid, I don’t make the rules.💨

Kitchen Pioneer Program Testnet is Live! 🍳 Register NOW to the Pioneer Program, designed to bootstrap Kitchen ecosystem and reward early creators and users with grants, token incentives and visibility highlights. Read all details and participate via Kitchen hub: hub.kitchen-layer.com






Something is cooking 🍳 discord.gg/cREvuMpweR

(1/8) HIP-3 Is an X-Factor for Hyperliquid 🧵 Thread below on HIP-3's potential and what it means for Hyperliquid, as well as crypto as a whole TLDR; the TAM just got a lot bigger