Luke Cannon
@lukecannon727
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Larping as prominent Hyperliquid & Monad & MegaETH community member /// My database of 200+ DATs / crypto treasury co's: https://t.co/OC0XlbfdSf
Hyperliquid:
Joined September 2017
Thanks to Hyperliquid, Phantom can afford to offer 89% lower fees than Robinhood (0.095% vs 0.85%) Hyperliquid.
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Lighter did $160M in spot volume on ETH in the first 24 hours But it's just getting started Wait til they list 200 more assets on spot That's $32 billion in trading volume a day And the best part? They're doing this all without paying a single KOL or private deal
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Kinda funny that permissionless composability is one of the main features of blockchains & yet the top 2 consumer chains couldn't figure out how to build a 2-way bridge
@0xMert_ @doganeth_en ok so just to make sure we are all on the and page it is not true that "only base teams were consulted" we are retroing why solana foundation specifically got caught by surprise here, but we literally spent 6 months talking to you, toly, and a bunch of Solana teams and asking
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Heard about BTC in 2013… then tried buying it on eBay like it was a 1st edition Kabuto 😭 Welcome to the CryptoIQ finals, @lukecannon727 ⚡
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I'm getting roasted in the replies for shilling HYPE to Mr Wonderful Guys, if you think Kevin O'Leary can "ruin" Hyperliquid you might be overexposed. Hyperliquid is for everyone. And everyone will buy HYPE at prices they deserve.
@kevinolearytv Hi Kevin, may I introduce you to Hyperliquid? A decentralized layer 1 blockchain with a flagship perpetual futures exchanges that's free cash flowing $1 BILLION a year, 99% of which directly goes to buy back the blockchain's native token, HYPE. It's growing 50-100% year over
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@kevinolearytv Hi Kevin, may I introduce you to Hyperliquid? A decentralized layer 1 blockchain with a flagship perpetual futures exchanges that's free cash flowing $1 BILLION a year, 99% of which directly goes to buy back the blockchain's native token, HYPE. It's growing 50-100% year over
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Coincidence that Hyperliquid shipped this & the next day the whole market dumps 5%? Why was Jeff trying to tell us to close our longs & flip short & what did he know?
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@DancingEddie_ you don't have to bullish sol to compare the dats Good news is that PURR is not reliant on trading volume to raise cash via ATM rn, the $265m initial injection is vastly more important Bad news is HYPE DATs don't seem to be getting a huge bid from previously sidelined American
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@Finch_in_flight PURR is doing almost as much or more volume than every SOL DAT (for an asset with 3 times the FDV) PURR ($1.4M volume so far this morning) FWDI ($1.6m) DFDV ($3m) HSDT (< $1m) Brera / Solmate (< $1m) Don't think you can really draw a ton of conclusions on day 1/2 when they
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This is insanely cool No reason to ever experience a token rug like happened with Tensor or Padre ever again
gary gensler tried his best to lobotomize the crypto industry, and tbh in large part he succeeded... the industry is still exhibiting lingering symptoms over the course of this cycle a disgusting trend emerged where companies with tokens would get acquired, with all of the value
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There's a Hyperliquid team member almost done selling some HYPE via onchain twap Very cool to see the team using the tech directly themselves!
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One of the best places to park capital on HyperEVM is now @ValantisLabs - stHYPE likely to be one of the highest yielding LSTs with their novel LST AMM, plus loan to @ethena_labs / @hyenatrade - just announced 6 months max points season - Genesis Badge if you've used Valantis
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Lighter launched its first memecoin on spot 🔥
We’re excited to introduce Spot on Lighter! You can now deposit, withdraw, and transfer ETH, the first native asset on our Ethereum L2. Later this week, we’ll enable spot trading and begin rolling out additional markets.
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Study the elite founder physiognomy of: white professional ballerina ethnic mustached man And a proclivity to going a little too far to win
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Shout-out to @OstiumLabs for changing the displayed APY on their OLP vault to now allow a negative APY Also OLP TVL is up by $3M since this morning - all press is good press? Excited to see them continue to innovate & grow the equity perps pie to trillions 🫡
@kaledora Congrats on the raise & look forward to the new liquidity structure 🫡 However please stop advertising a vault that is hemorrhaging money as 0% APY because "only positive returns are extrapolated linearly" (as a small depositor in said vault 🙃)
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CTO of a vault users trust their money to doesn't know how to calculate performance of a vault & showcases that to the whole world rather than simply changing one line of code on the frontend to let the displayed APY be accurate & go below 0% Harvard grad btw
@lukecannon727 @kaledora Let's get the math right on this. From Nov 3 to Dec 3, HLP PnL was -4.2M. TVL is 415M. That means ~-1% MoM -> Annualized APR is -12.7%. They show 0%. Please do explain to me how they get to 0 if you are claiming they are doing something different than us.
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Hey @BurwickLaw I really dislike you guys generally but.. Any interest in learning about a $24M vault that is doubling down on falsely advertising 0% last 30 days APY when it's actually losing depositors 2% a month?
@OstiumLabs wow $20M is almost as much as is currently hemorrhaging money in your undercollateralized OLP vault Which you continue to advertise as 0% APY because "only positive returns are extrapolated linearly"
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No, Hyperliquid does not hide negative APYs on the HLP vault It rounds to the nearest integer which is why it currently shows 0% but here's proof of it displaying negative APYs in the past
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You cannot make this shit up Displaying the accurate last 30d APY to your users is "cherry picking a formula"
@lukecannon727 @FlowTraderTM @OstiumLabs Same with Hyperliquid. We chose to stick to the standard because cherry picking a formula is dishonest.
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