Timeswap's ability to let you make low-medium timeframe bets on a price action of a token literally allows you to effectively leverage a memecoin for more HYPE exposure or hedge/short memecoin exposure before perps get made for the many memecoins already on Hyperliquid and all the ones to come. The timeframe mechanic means you always know exactly when you have to resolve your position, making it super fair and easy to work around, while being a large enough timeframe that you can use it effectively based on your idea.
For instance, at ~30M Buddy, I lightly hedged my (large) Buddy bag by borrowing 10K worth and selling it. This gave me an outstanding loan of 300K buddy tokens. Then at 17-18m, I rebought my position for about 5.5k, repaid my loan for nearly half the value and pocketed the difference. If Buddy had sent to 50M, I would have had my existing bag to pay back the position with, but if Buddy retraced (which it did), I had covered a small amount of my exposure.
These things are the beauty of the HyperEVM in action. Hyperliquid will list a $Buddy perp someday, even if it has to come in HIP-3 form via a third party. But a lot of us have a good amount invested in memecoin positions on Hyperliquid, we want to keep them for the long haul, but these tools let you access entirely different ways to play them and manage your exposure, whether that be doubling down or covering yourself.
Is Timeswap one of the best kept secrets on HyperEVM?
I think @TimeswapLabs doesn't get enough attention in HyperEVM given what an incredibly valuable resource the platform can be, especially if you are a $buddy holder...
Since they've integrated buddy, I've been supplying $buddy and borrowing hype against it.
I've then been able to interact with many other protocols on HyperEVM, with no risk of liquidation regardless of price action, basically "for free".
As an example, I could take the borrowed hype and place it into @HypurrFi and borrow wstHYPE against the position.
I can then deposit this into @hyperlendx and borrow HYPE.
Now I can take the HYPE and either loop it between the two, or do something else, such as deposit into @felixprotocol and borrow stables against it.
The incredible thing about the above is all of your units are based in Hype. It means when the time comes to repay back your position on TIME, regardless of hypes price action, you can simply unwind and pay it all back with the relevant interest.
This process means you can be farming points from 2-3 defi protocols, as well are getting organic geniune activity on HyperEVM, which may be rewarded at a later date.
All of the above activity unlocked, whilst still holding onto my principle buddy.
The team are incredible people as well. Just make sure you pay back your debt 2-3 days before the pools expire to avoid any potential problems.
The only thing to be concerned with about time is the intern, @timeswapintern - this guy is the world's #1 gooner and will desecrate you with filthy picture edits
78
5.96K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.