while we wait for whitelist @delpho_labs to open to entrants, let's take another look what they wanna achieve 🧵👇
Let’s break down an exciting idea from @delpho_labs about @HyperliquidX, a platform for trading digital assets. They think it needs its own special money, not just borrowed cash from other places like $usdc or $usdt
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Right now, Hyperliquid uses borrowed money for trading. That’s fine, but it doesn’t fully match how the platform works. It offers big rewards (like 30-50% interest) for trading, but people holding that borrowed money don’t get those rewards unless they trade themselves.
Delpho wants to fix this with a new currency made just for Hyperliquid. This new money would let people earn those rewards just by holding it—no trading needed! It would stay within Hyperliquid’s system, making everything smoother and easier.
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Builders creating tools (like lending or trading systems) on Hyperliquid could use this new money to make their projects better. It fits perfectly with how Hyperliquid works, helping everyone get more value.
Hyperliquid has a unique way of handling trades and contracts, which makes this new money possible. Delpho sees it as a big step forward and is inviting people to join them in building it.
In short, they’re creating custom money for Hyperliquid to make it more useful and rewarding for everyone.
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