Loris

important article, fairly written

imo hyperliquid has unfortunately been headed in the direction of making life harder for smaller MMs lately. can attest first hand

i highlighted the concerns with read priority (wintermute gets data 50ms+ faster than you and there's nothing you can do about it), this article displays the downstream effects of such issues

moreover, maintaining a fair + high-throughput + decentralized L1 is definitely no simple task, and it feels like the primary HL focus lately has been US onshoring efforts, which is understandable

but if some of these issues don't get bigger fixes, and soon, i fear we'll wind up in a place where we've onshored HL and perps, but without an L1 and MM ecosystem that can support the 100,000s or millions of new users looking to trade

also brings fresh validity to the concern presented by @drwconvexity - "once you are operating in a regulated environment, are the benefits of being on-chain worth the costs?"

hi good morning chatgpt explain impeachment to me

the best argument i can think of for S3 is

getting HYPE into the hands of more people, making them evangelists for the protocol.

94,000 genesis recipient wallets -> 2.01M cumulative wallets today

specifically, to get HYPE in the hands of USA citizens to grow the HL political constituency to advocate for Hyperliquid and elect pro-HL candidates.

this also aligns with the HPC airdrop filing

that is a powerful mechanism. people love stimmies

otherwise i don't see it

every asset is a short if you can hold it long enough

see ppl posting scary looking charts like this wrt the bubble popping

i am not a TA guy or chartist

but you have to look at long term charts in log scale or they're all gonna looks scary like that due to compounding returns

using a log scale for long-term financial charts ensures that equal percentage gains occupy the same vertical distance on the chart over time

does this look like an obvious bubble to you, in log scale?