ULTRA hot take, as I said live:
This Hyperliquid proposal on USDH is very bullish on buybacks... BUT...
The fact that they are not doing it themselves by hiring an additional team shows that they do not have the growth ambitions that everyone expects of them.
The Hyperliquid team is goat-like for refusing so much money, while keeping a small team; this also means that they don't have the means to achieve their ambitions, and they don't seem to want them.
It is visible through the HyperEVM which does not have the scalability it deserves ( it is stated in the doc that the reasons are bud
View OriginalThis Hyperliquid proposal on USDH is very bullish on buybacks... BUT...
The fact that they are not doing it themselves by hiring an additional team shows that they do not have the growth ambitions that everyone expects of them.
The Hyperliquid team is goat-like for refusing so much money, while keeping a small team; this also means that they don't have the means to achieve their ambitions, and they don't seem to want them.
It is visible through the HyperEVM which does not have the scalability it deserves ( it is stated in the doc that the reasons are bud