Let's see what the hype is about and try @arcus_xyz
waitlist.arcus.xyz/s/ADEEZ
Adeez retweeted
Most tech giants in the 2000s built their infrastructure and product as one entangled unit. Amazon had the foresight to separate out AWS as an API layer, of which Amazon retail was the first of many users. Today, AWS generates more profit than all of Amazon's other business lines combined.
Hyperliquid is built with the same philosophy. Housing all of finance requires thoughtfully designed, open financial primitives. Each primitive should obey the Unix principle of "Do one thing and do it well." Talented builders then have the foundation to chain these together to create magical applications.
HyperCore borrowing is an example to highlight this philosophy in action.
Most other platforms implement portfolio margin by marking an account's collateral to market value with an LTV haircut, creating borrowed assets without an explicit lender. This system is simpler to implement, but misses a golden opportunity for composability.
Hyperliquid instead begins with a borrow/lend protocol on HyperCore. Every borrowed asset is sourced from a supplier, so risk is isolated within the borrow/lend primitive instead of platform-wide. HyperCore's portfolio margin system is implemented as an orchestration layer that composes borrow/lend, with other primitives such as perps, spot, and outcome trading.
This decomposition has several nice corollaries:
1. Today's announcement of manual borrowing is not a new feature, but simply an extension of the underlying primitive. Borrowers on day one have access to 400M and growing of supplied liquidity.
2. Portfolio margin users earn interest on their idle stablecoin collateral. This is not a new feature, but a natural byproduct of composing trading with lending.
3. System safety is easier to reason about when perp and borrow/lend margining are independent.
In the same way that math theorems almost prove themselves when the right abstractions are defined, composable designs just feel right.
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.
Adeez retweeted
you pity the moth confusing a lamp for the moon, yet here you are confusing a screen for the world
It’s kind of ironic how an early listing has become a bearish signal. If Coinbase is willing to list your token early the tokenomics are suboptimal.
[ ZOOMER ]
LIGHTER’S $LIT TOKEN GETS LISTED ON COINBASE IN ITS FIRST MAJOR CEX SPOT LISTING: BLOG
Did @cobie ever mention why he adjusted the price from 10 to 5k ETH two week ago? Anyway, i’m ready for a 2025 season of Up Only🤌🏼
Adeez retweeted
[ ZOOMER ]
COINBASE.ETH ACQUIRES COBIE'S UPONLY NFT FOR $25M, MEANING UPONLY WILL BE RETURNING FOR ANOTHER SEASON: ONCHAIN
Ya’ll ever just smirk and sigh at the same time about an insignificant interaction in the past that suddenly surfaces in your mind? Yes, me too.
We’re down 7% from the new ATH at $123K and my timeline feels like we’re below 100k and it might actually be over.
Massive PTSD that will either end up in regret and sidelined capital, or insanity if we do actually continue lower.
Hyperliquid
Is there a better r/r in this market right now than farming protocols on HL, therefore also catching HL for s2?
Adeez retweeted
So Crypto Rover tagged Grok to select a winner for a giveaway and it began replying about his involvement in pump and dump schemes and sketchy promotions and is refusing to select a winner.











