the beauty of our lst governance model ( applicable to $sthype, $stmove, $stflip, $stelx ) decentralized governance is extremely important; but we disagree with the common-tread route of launching a shitty governance token where the sole value-add is governing the protocol. this also creates situations where mc of the governance token is less than the value of the protocol (obvious security flaw). honestly most governance tokens for defi protocols suck, which is why we have pioneered a legislative <> executive governance design from first principles. legislative branch: - the actor that proposes new governance additions, protocol upgrades, and operator onboarding is controlled by a multisig comprised of members of our team and anon (or not) members of the community. in order to propose any sort of upgrade, it must be approved by this multisig in order to go to voting. executive branch: - the actor that approves proposals created by the legislative branch. this system is just a weighted popular vote of st[token] token holders. if a malicious proposal is created, the users of st[token] have the complete power to veto the proposal. all proposals are initially considered optimistic and a quorum and consensus percentage must be reached to veto a proposal.

kinda wild that 1 week post TGE, $HYPE is at a 4.7b mcap & a 14b FDV yet is only listed on one CEX which I have never heard of before. almost like the major CEXs are not listing it because they view @HyperliquidX (correctly) as a genuine threat to their market share.

Soon.

People are clearly underestimating the power of @hyperliquidx <> EVM composability. Imagine being able to write smart contracts on top of off-chain Hyperliquid (binance) - thats what this unlocks. 1. Trustless and programmatic market-making strategies like @Elixir. It's possible for people to create their own HLPs. 2. Tokenization of HLP/Vaults/Perp positions for use in broader DeFi - it's possible to use these as collateral, so it becomes even easier to leverage 3. Decentralized Ethena doesn't work because of limited DEX OI, but when Hyperliquid takes over CEXs, synthetic dollars / basis vaults can become decentralized. You can also buy a coin and enter a short position atomically to optimize trade execution, resulting in more efficient markets and tighter spreads. 4. Money Markets like @eulerfinance or @aave can offer higher LTVs by hedging some of their risk out in the perp market 4a. Onchain liquidity will become larger due to the spot orderbooks, making it easier for liquidators to keep markets healthier (=> higher ltvs) 5. Use a perp vault/position as collateral: unlocks recursive lending loops and higher leverage DeFi strategies 6. Price oracles will be enshrined into the protocol. This means you will almost never have to pay to get price information, or have to worry about high gas fees blocking an oracle update. So basically, prepare for a DeFi revolution

Hyperliquid introduces precompiles to trade perps from the EVM side. Exciting.