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Hyperliquid is building the chain to house all finance, but what does that mean and is it more than just a perp dex?
0:58 | Meet @chameleon_jeff
2:20 | Why No VCs
3:16 | The Hyperliquid Tech Stack
5:16 | Power of Parallel Chains
6:39 | Hyperliquid Today
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i’ve had the privilege of getting to make videos for @Plasma for over a year now
thank you to the team for trusting me and valuing my creative
it’s been a hell of year, congrats!
director: yours truly ✨
edit: @life_of_pandaa
motion: @wild_oz
production co: @remintreality
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Jenn retweeted
Elysium testnet is live (@Kinetiq_xyz @Enter_Elysium), so I took the liberty of building a personal benchmark: same contract, same load, Elysium (L2) vs HyperEVM (L1), side by side.
Early numbers:
⚡ ~0.27s vs ~1.7s to inclusion
💸 ~5.8x cheaper per tx
elysium-vs-hyperevm.vercel.a…
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hyperliquid
Manual borrows are live on Hyperliquid
Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.
Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.
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Jenn retweeted
The Clarity Act is dead.
Before the post-mortems and the planning sessions begin, a note of thanks.
Many of you worked extremely hard on this bill over the last 18 months. You fought harder than most people will ever know to make sure we had a good product that actually worked for crypto. It required countless hours of research and analysis; endless calls and meetings to build consensus; rewriting the same sections over and over to find common ground; winning points and making concessions one by one in pursuit of an ambitious goal.
Those efforts were a success. The bill did not pass, but neither did you compromise on your principles or the ultimate goal. It would have been easy to strike deal at any point by simply giving up and rolling over, and you were asked to do so every single day for 18 months. You did not. Your strength, courage, and confidence won the day. You should be proud.
Many of us said since the start of this process that no bill is better than a bad bill, and by that metric, today is a victory. The Senate considered a good bill today, not a perfect one but a good one, and turned it down. The raw politics of the United States during an election year meant a good deal was not on the table. That's okay.
Crypto will be fine without the Clarity Act. We are lucky to have two agencies, the SEC and CFTC, with all of the excellent staff and authority they need to do the job. They're ready to be unleashed, and so they shall be. The future of crypto policy is bright.
Thank you all for your hard work. Breathe a sigh of relief, take a break, and get ready for what's next. We've only just gotten started.
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you don’t need to over complicate hyperliquid’s assistant fund
hyperliquid is a protocol and in the same way that ethereum burns its priority fees
hyperliquid burns its protocol fees
it’s really that simple
hyperliquid
steven.hl
When a crypto team does token buybacks, you get a whole load of bullish fanfare by bagholders. What no one talks about are the opportunity costs.
Take Hyperliquid for example, who has spent ~$1 billion in Assistance Fund buybacks to-date. If you believe crypto isn't a "mature" industry, that we're still early, if you believe in the "Great Perpification" of finance, then do you seriously believe that $1B isn't better spent on growth opportunities, attacking the multi-trillion TradFi incumbents (US options, CFDs, global futures)?
Perps are also one of the most competitive sectors. Suppose Hyperliquid loses market share. Will the same bagholders cheering on buybacks and "value accrual" today still be around to concede that Hyperliquid should've been funnelling its revenues back into its business to build a greater moat?
No, they'll be gone. There's a lot of window dressing talk around "building trust", but what it really boils down to is that markets like buybacks because we all want a pump in the short-term horizon so we can exit. even if you don't plan to exit, it's nice to have the optionality to, I get it. Sorry for saying the dumb, obvious thing out loud.
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first hip3 with builder deployed perps
now hip4 with permissionless outcome contracts
onchain finance is the future of finance
hyperliquid
HIP-4 permissionless deployments will be going LIVE on mainnet on this weekend’s mainnet upgrade.
This means teams can stake & lock 500K HYPE to deploy their own prediction markets in the coming days. Templates for these markets will need be voted on and approved by validators.
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max long hype to 4 digits
Don't forget to stake your hype so you dont paper your precious bag and earn a bit of yield
everytime you look at your pnl and have the urge to sell I advice you to ask yourself the following stuff
- Have you ever seen a team that consistently ships that much every day with their whole purpose to create more value to their token?
- Have you ever seen a token that captures so much sustainable value and revenue from different sources ?
- Have you ever thought about all the new products jefe may introduce in the future that may introduce additional value to HYPE?
- Have you ever compared how much other useless tokens are valued that are completely garbage?
Max long hype to 4 digits
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