Survived 3 cycles, Investing @sharpbytexyz #DeFi | Investor | @UnidentifiedDao | Top Debank | 2nd on @DegenScore

Joined January 2012
Let me draw this $HYPE Chart so you dont need to do technical analysis bs, or got scammed by $1000 private trading group.
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JUST IN: Paradigm identified as top $HYPE holder with 19,141,655 tokens ($763.18 million) spread across 19 addresses - Mlm Onchain.
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JUST IN: 🇺🇸 21Shares files S-1 for Hyperliquid $HYPE ETF.
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Incase you're too slow to realize, this is a true 0 to 1 moment for Global Finance. There is no other venue in the world where you can trade equities onchain, on a CLOB, permissionlessly, 24/7. This is the only relevant equity market in the world open through the weekend. There are hundreds of millions of households around the world that would like access to equities but cannot, and this will be the only way they can get exposure. Given that this is included in the native front end, we should see a massive rerating of both buy backs and fees over the rest of the year. I've rebought back all my exposure. I suggest you do the same.
Equity perps now live through the main front end Expect single name stocks (NVDA, PLTR, HOOD, TSLA etc.) to get listed soon as well. The home for all of finance.
Will delete if wrong.
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$HYPE is now available to trade on Robinhood.
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🚨 JUST IN: Hyperliquid Strategies Inc. files S-1 with SEC to raise up to $1B through a 160M share offering, with part of proceeds to be used for potential $HYPE token purchases.
We don't need to ask "wen binance, wen binance" any more.. Projects need to give them 5%-8% of supply tokens for listing to their platform plus listing fee to just list on Binance Alpha. On Hyperliquid, everything is permissionless. There is no listing fee, no listing department, and no gatekeepers. Next project TGE, people will ask " When Hyperliquid? "
On Hyperliquid, there is no listing fee, no listing department, and no gatekeepers. Spot deployment on Hyperliquid is permissionless. Anyone can deploy a spot asset by paying a gas fee in HYPE. Deployers can choose to receive up to 50% of trading fees on their spot pairs. Everything is transparent and verifiable onchain. The full defi lifecycle includes building a project, launching a token, and trading that token. Every step of that journey can be done permissionlessly on Hyperliquid.
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JUST IN: Hyperliquid deposits & withdrawals are now live on Polymarket.
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Based is the First Builder Frontend to integrate HIP-3 markets. The [XYZ100] Index is here: 20x leverage, 24/7 trading, tracking the top 100 U.S. non-financial companies. Powered by HIP-3 markets, now live on app.based.one. Hyperliquid
Grateful to hit 60,000 followers. Currently back at Rank #1 on @DeBankDeFi , and Rank #11 on @HyperliquidX Leaderboard. Thank you for the support!
Transparent fully onchain vs greedy Crime CEX - Dramatically underreport user liquidation - Reimbursed approximately $283 million after made Billions on user liquidations, countering users. - Hunting stops and liquidations with their internal desks. Keep your funds onchain. The future of finance is onchain. Hyperliquid
Hyperliquid’s fully onchain liquidations cannot be compared with underreported CEX liquidations Hyperliquid is a blockchain where every order, trade, and liquidation happens onchain. Anyone can permissionlessly verify the chain’s execution, including all liquidations and their fair execution for all users. Furthermore, anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance. Some CEXs publicly document that they dramatically underreport user liquidations. For example on Binance, even if there are thousands of liquidation orders in the same second, only one is reported. Because liquidations happen in bursts, this could easily be 100x under-reporting under some conditions. Source below. Hopefully the industry will see transparency and neutrality as important features of the new financial system, and others will follow.
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TLDR: During recent volatility, Hyperliquid had 100% uptime with zero bad debt. This was Hyperliquid’s first cross-margin ADL in more than 2 years of operation. ADL does not change the outcome for any liquidated users. While some specific ADL providing trades were unfavorable, the aggregate effect of ADL was that traders realized significant pnl by closing positions at favorable prices that were only briefly available. -- It’s sad to see some people attack Hyperliquid to deflect from their own platforms’ issues. Solvency and uptime are the two most important properties of a financial system. These are table stakes for any trading system, and gaslighting to convince users otherwise is unethical and irresponsible. Below is more analysis on how Hyperliquid’s margining system handled the extreme volatility. Background on liquidations For a perps system to be solvent, every position must be backed by a minimum amount of collateral. This is called the “maintenance margin.” When positions do not meet the maintenance margin requirement, they are taken over by the system to be liquidated. Earlier today, many altcoins dropped by more than 50% in a short period of time. When this happens, long positions at 2x or higher leverage must be liquidated, or else the system accrues bad debt. There were billions of dollars worth of positions liquidated on Hyperliquid in a matter of minutes. In a permissionless system, each user chooses their own position sizing and collateralization. Any system that does not liquidate the necessary users is irresponsibly gambling with other users’ funds. On Hyperliquid, every order, trade, and liquidation is transparently verifiable onchain. Many other venues significantly under-report liquidation data. This cannot be compared apples-to-apples against the fully onchain picture of Hyperliquid. Background on HLP HLP is a protocol vault with permissionless deposits that 1) provides order book liquidity and 2) performs backstop liquidations. The first role is negligible, with HLP trading less than 1% market share. The focus of this post is liquidations. Liquidations are first attempted against the order book, and any user can provide liquidity to these market liquidations. Backstop liquidations occur when the order book does not have enough liquidity to absorb an undercollateralized position. In this case, HLP takes over the position along with its collateral. For improved risk management, HLP is split into several child vaults, and each liquidation is only sent to one child vault. Background on ADL Auto-deleveraging (ADL) is the liquidation mechanism of last resort, when market and backstop liquidations do not work. See Doug’s thread (link in reply) for a thorough explanation on the details of ADL. Every ADL event has two sides: the “triggered” side is undercollateralized, while the “providing” side is decided as a function of profitability and leverage used. Similar to backstop liquidations, even though providers to ADL are profitable on average, there are no guarantees for any specific event. Some ADL providing trades were unfavorable, such as when only some components of long/short portfolio were closed. The system is designed to minimize ADLs because they are unpredictable even if ADL providing trades are profitable on average. Because HLP is a non-toxic backstop liquidator, ADL is a rare settlement of last resort. As far as I know, this was the first cross-margin ADL event on Hyperliquid mainnet (ADL is more common for isolated-only assets such as hyperps, which are not backstop liquidated by HLP). Summary of events Over the course of 20 minutes, HLP backstop liquidated billions of dollars worth of positions. HLP's philosophy has always been to provide liquidity of last resort. Contrary to misconceptions, HLP is a non-toxic liquidator that does not pick profitable liquidations. Instead HLP is a public good for maintaining system solvency. In particular, Hyperliquid has no liquidation fees. HLP’s design, including its multi-component child vault system, is the product of countless simulations, and allows HLP to maximally serve the benefit of the protocol while managing its own risk. In fact, the liquidator child vaults of HLP themselves became undercollateralized in the course of backstop liquidating as many user positions as possible. This is by design, where child vaults are isolated from the other components of the overall strategy. HLP is treated no differently from other users when participating in ADL. In aggregate, HLP's child vaults were the largest addresses on the triggered side of ADL by more than an order of magnitude. The addresses on the providing side of ADL against HLP’s child vaults realized hundreds of millions of dollars in additional profit relative to the prices shortly before and after the dislocation. On other venues, the liquidation engine is not transparent and therefore may not be subject to the same strict margin requirements as for normal users. On these venues, the exchange could have backstop liquidated more positions, bearing increased solvency risk to extract hundreds of millions in business revenue. This is not an acceptable tradeoff for Hyperliquid. Finally, I know that this is a difficult time for many traders, and I hope the community can continue to support each other and grow together. As a contributor to Hyperliquid, I’ll continue to work my hardest to build the best possible platform that can house all of finance. Times like this highlight the importance of transparency and fairness in the financial system.
Hyperliquid perps on metamask now!
🚨 PERPS ARE NOW LIVE 🚨 You can start trading perps on MetaMask Mobile. And rewards are coming soon. 🧵👇
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I got invited by Upcoming New Perp dex on HIP-3 built by HyperUnit Team. You can currently join the waitlist on the site if you’ve traded more than $5M USDC on Hyperliquid. Use my link to get early access to Trade[XYZ] @tradeperps on any asset, 24/7 Join here: trade.xyz/?ref=5YC2ALVQA
Trade anything, anytime. trade.xyz
After a busy TOKEN2049 week, Hypurrbubu can finally rest. Jobs not done yet. Hyperliquid.
Can't believe i got the whole blindbox $purr. Thank you @hypurr_co @chameleon_jeff
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NEW: HYPERLIQUID HAS MORE OPEN INTEREST ON $XPL THAN BINANCE AND ASTER COMBINED- EXCEEDING THEM BY MORE THAN $250M
Hyperliquid moment.
Joining @therollupco podcast today to talk Circle, USDC and Hyperliquid. 215pm.