In addition to showing how great Hyperliquid's business model is, these USDH proposals are also just another reminder how insane a certain stablecoin issuer's business model is



Rest of the industry converging towards paying ~all yield back to distribution, while that stablecoin issuer is just keeping everything
IN8.28%
HYPE7.88%
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BlockchainBouncervip
· 09-07 03:08
There are still profits to be made from losses.
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MEVEyevip
· 09-07 02:51
Someone has once again pegged to USDT.
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DaisyUnicornvip
· 09-07 02:45
After seeing too many tricks of being played for suckers, it's no longer surprising.
View OriginalReply0
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