This is a call to all hyperliquid community :
Native markets is going to win the USDH ticker and it's EXTREMELY bearish for
@HyperliquidX. (it's not too late)
Here is why 👇
1. ONLY 50% FOR THE ASSISTANCE FUND AND 50% FOR MARKETING (while ethena and paxos proposed 95% for hyperliquid.
2. “Stripe/Bridge” dependency & perceived conflicts of interest :
Native proposes to issue USDH via Bridge (infra owned by Stripe), while Stripe is pushing Tempo, its own blockchain, and controls Privy (wallet infra). Aligning the network’s “money” with a potential competitor undermines the chain’s sovereignty (and makes censorship/blacklisting easier).
3. Paxos and Ethena had put forward a very big roadmap to make USDH a huge stablecoin compared to Native Market who doesn't seem to realy care about HL's future
4. New team, 0 seriousness on their side, 1600 words for their proposition for 6600 for ethena (LMAO)
5. “Home team advantage” vs. “track record”
Native claims being “Hyperliquid-native”, but Paxos brings compliance and industrial history, and Ethena has crypto-native traction. Early support from large validators for Native reinforced the perception of an internal bias.
6 “vendor lock-in” and censorship
Handing issuance and orchestration to a single provider (Bridge/Stripe) is worrying : if policy shifts (US regulation, Stripe/Tempo business priorities), Hyperliquid could face address freezes, blacklists, or integration friction.
7. Voting process felt “tailor-made” and too rushed
Announcement Sept 5, proposals due Sept 10, intents Sept 11, final vote Sept 14 (a very tight timeline). Native filed a proposal under 90 minutes after the announcement, prompting suspicions of informal advance notice; other teams said they lacked time.
ANYWAY, even though they claim being "natives", nothing's interesting in their proposition :
What was supposed to be a show of strength for Hyperliquid, seeing all these giants fight to issue its stablecoin, has become a sign of weakness.
A weakness tied to fear of governance, potential insiders, and a lack of understanding of the stakes.
Excessive “alignment” has already killed ecosystems, like that of the Cosmos Hub.
We don't want hyperliquid to fail like others did.
Now here is what you can do 👇:
Right now
@Paxos is standing at second place far from
@ethena_labs so it's the only one that can take the place of Native markets, so i suggest we all place our Hype to stake to paxos voters which are :
@0xHyperBeat
@B__Harvest
- Purrposeful x
@HyBridgeHL x
@PiPonHL
@validaoxyz
@ChorusOne
This is not too late, if validators see that they are loosing stakers, they might change their mind too.
If you are staking to one of those validators, remove your stake, it takes one click, shame on them :
-
@nansen_a &
@hypurr_co
-
@HypurrScan
- Hyperstake
-
@hypurrcorea
-
@flowdesk_co
-
@rekt_gang
-
@IMCTrading
-
@PierTwo_com
-
@infinitefieldx
- Alphasticks
DO NOT KEEP YOUR STAKE ON
@kinetiq_xyz FOR NOW, THEY ARE VOTING FOR THE WINNER AND THE REST IS ON HYPERLIQUID FOUNDATION, WHICH WON'T VOTE, THIS REPRESENT ALMOST 50% OF THE STAKED SUPPLY NOT VOTING.
Don't let the mafia win, not again.
Hyperliquid.
PLEASE REPOST THIS TO MAKE PEOPLE HEARD.
Credits to
@JoestarCrypto from which I took inspiration for many parts of my post.