从另一个视角看 hyperliquid 和 HUSD 盘子
目前 USDC 在 Hyperliquid 生态里就是个吸血鬼,每年吸走 1 亿多美金收益给 Circle。这笔钱本该留在链上,现在却进了传统金融机构的腰包。想想看,如果 Hyperliquid 规模扩大 10 倍,那就是每年 10 亿美元的价值外流。
按照花椒的盘学心法「掐头去尾,中间流水」这个水虽然是用户的水,但是源头由我提供会更好
HUSD 的设计聪明在两点:1)把稳定币利息转化为 HYPE 买压 2)通过 Builder Code 实现生态内循环。前者解决价值捕获问题,后者解决价值分配问题。
简单算笔账:100 HUSD 的返利预算就能支撑 10 万美元交易量。这意味着早期项目可以用极低成本获取用户,同时还能保持手续费收入。这种单位经济在传统 DEX 里根本不可能实现。
所以 @ZKSgu 你怎么看?

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