progress was steady, equivalence was sudden
https://x.com/andy_l_jones/status/1998060552565002721?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
https://x.com/andy_l_jones/status/1998060552565002721?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
X (formerly Twitter)
andy jones (@andy_l_jones) on X
So after all these hours talking about AI, in these last five minutes I am going to talk about:
Horses.
Engines, steam engines, were invented in 1700.
And what followed was 200 years of steady improvement, with engines getting 20% better a decade.
For…
Horses.
Engines, steam engines, were invented in 1700.
And what followed was 200 years of steady improvement, with engines getting 20% better a decade.
For…
👍3🔥2
Forwarded from infinityhedge
SILVER SURPASSES MICROSOFT TO BECOME THE 5TH LARGEST ASSET BY MARKET CAP: INFINITYHEDGE
🔥4
Forwarded from Hyperliquid Announcements
The Hyperliquid blockchain will introduce portfolio margin in an upcoming network upgrade. This feature is live on testnet in pre-alpha mode.
Under portfolio margin, a user’s spot and perps trading are unified for greater capital efficiency. Furthermore, portfolio margin accounts automatically earn yield on all borrowable assets not actively used for trading.
Portfolio margin unlocks functionality such as the carry trade where a spot balance is offset by a short perps position, collateralized by the spot balance. Spot and perp pnl offset each other, protecting against liquidation on the perp position. More generally, spot and perps trading can be performed from a single unified balance. For example, a user could also hold HYPE and immediately buy ETH on the ETH/USDH book. All HIP-3 DEXs are included in portfolio margin, though not all HIP-3 DEX collateral assets are borrowable. Future HyperCore asset classes and primitives will support portfolio margin as well.
Users can supply eligible quote assets to earn yield. This synergizes and composes with HyperEVM lending protocols. In a future upgrade, CoreWriter will expose the same supply action for smart contracts. Portfolio margin intentionally does not bring a full-fledged lending market to HyperCore, as that is best built by independent teams on the EVM. For example, HyperCore lending is not tokenized, but an EVM protocol could do so by launching a fully onchain yield-bearing ERC20 token contract through CoreWriter and precompiles. Portfolio margin introduces organic demand to borrow and should expand the value proposition of teams building on the HyperEVM.
IMPORTANT: Portfolio margin is a complex technical upgrade and requires bootstrapping the supply side for borrowable assets. Therefore, portfolio margin will launch in pre-alpha mode where borrowable asset caps are extremely low. Users should test with new accounts or subaccounts with <$1k in value. Portfolio margin accounts will fall back to non-portfolio margin behavior when caps are hit. In pre-alpha mode, only USDC is borrowable, and HYPE is the only collateral asset. USDH will be added as borrowable and BTC as collateral before the alpha phase. Details will be added to the Docs.
Under portfolio margin, a user’s spot and perps trading are unified for greater capital efficiency. Furthermore, portfolio margin accounts automatically earn yield on all borrowable assets not actively used for trading.
Portfolio margin unlocks functionality such as the carry trade where a spot balance is offset by a short perps position, collateralized by the spot balance. Spot and perp pnl offset each other, protecting against liquidation on the perp position. More generally, spot and perps trading can be performed from a single unified balance. For example, a user could also hold HYPE and immediately buy ETH on the ETH/USDH book. All HIP-3 DEXs are included in portfolio margin, though not all HIP-3 DEX collateral assets are borrowable. Future HyperCore asset classes and primitives will support portfolio margin as well.
Users can supply eligible quote assets to earn yield. This synergizes and composes with HyperEVM lending protocols. In a future upgrade, CoreWriter will expose the same supply action for smart contracts. Portfolio margin intentionally does not bring a full-fledged lending market to HyperCore, as that is best built by independent teams on the EVM. For example, HyperCore lending is not tokenized, but an EVM protocol could do so by launching a fully onchain yield-bearing ERC20 token contract through CoreWriter and precompiles. Portfolio margin introduces organic demand to borrow and should expand the value proposition of teams building on the HyperEVM.
IMPORTANT: Portfolio margin is a complex technical upgrade and requires bootstrapping the supply side for borrowable assets. Therefore, portfolio margin will launch in pre-alpha mode where borrowable asset caps are extremely low. Users should test with new accounts or subaccounts with <$1k in value. Portfolio margin accounts will fall back to non-portfolio margin behavior when caps are hit. In pre-alpha mode, only USDC is borrowable, and HYPE is the only collateral asset. USDH will be added as borrowable and BTC as collateral before the alpha phase. Details will be added to the Docs.
Crypto Mumbles
https://benroy.substack.com/p/notes-on-internet-addiction
good read, recommended to take some time
importantly, take action
importantly, take action
👍6
Forwarded from Kirby Crypto
Welcome to the hotel califonria
reverse ponzi
Aevo gets hacked for 2+m
Decides to use dormant user funds (years of wallet inactivity) to repay active users
reverse ponzi
Aevo gets hacked for 2+m
Decides to use dormant user funds (years of wallet inactivity) to repay active users
😱17👎3
Forwarded from Hyperliquid Announcements
The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply.
For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part of the L1 execution. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Similar to the zero address, the Assistance Fund system address has never had a private key with control over its funds. Funds are mathematically irretrievable without a hard fork.
By voting “Yes,” validators agree to treat the Assistance Fund HYPE as burned. No onchain action is required, as the tokens are already in a system address with no private key. This vote is binding social consensus to never authorize a protocol upgrade to access this address.
Voting process:
+ Validators should signal their intent in the governance forum by December 21 at 04:00 UTC (i.e., reply with Yes or No)
+ Users can stake to a validator who matches their view by December 24 at 04:00 UTC
+ The result will be based on stake-weighted consensus as of December 24 at 04:00 UTC
For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part of the L1 execution. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Similar to the zero address, the Assistance Fund system address has never had a private key with control over its funds. Funds are mathematically irretrievable without a hard fork.
By voting “Yes,” validators agree to treat the Assistance Fund HYPE as burned. No onchain action is required, as the tokens are already in a system address with no private key. This vote is binding social consensus to never authorize a protocol upgrade to access this address.
Voting process:
+ Validators should signal their intent in the governance forum by December 21 at 04:00 UTC (i.e., reply with Yes or No)
+ Users can stake to a validator who matches their view by December 24 at 04:00 UTC
+ The result will be based on stake-weighted consensus as of December 24 at 04:00 UTC
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