what if we didn’t have to do that anymore

The CoreWriter system contract was activated on mainnet two weeks ago. CoreWriter and read precompiles allow trustless two-way communication between HyperCore and the HyperEVM, enabling builders to create an entirely new class of HyperEVM applications that interact with the liquidity and performance of HyperCore. For example, LSTs on other chains are usually controlled by an offchain multi-sig because staking occurs outside of the VM. The next generation of Hyperliquid LSTs can be built using read precompiles and CoreWriter for an entirely onchain tokenized staking experience. Furthermore, these onchain LSTs can participate in staking-related functionality through actions initiated from the HyperEVM, such as onchain LST-holder governance to deploy HIP-3 assets. As another example, borrow lend protocols can use read precompiles to incorporate prices from order books on HyperCore into more robust oracle prices. CoreWriter then allows these protocols to trustlessly liquidate undercollateralized positions on HyperCore order books. The seamless composability of HyperCore and the HyperEVM will be essential to enabling builders and bringing finance onchain.

WOW HYPERLIQUID JOB’S NOT FINISHED

On the need for more stables liquidity on HyperEVM Felix Vanilla is closing the week with the following stablecoin depth: >$21m USDe >$22.5m USDhl >$48m USDT0 However, even at this much liquidity, stable yields on Felix continue to dominate DeFi market rates in the double digits, without factoring in any points or other incentives--just base yield from borrower demand: >USDe: 15.16% APY >USDhl: 17.60% APY >USDT0: 17.08% APY How are these yields this high? Traders on Hyperliquid are seeking more leverage to trade against HYPE, UBTC, and kHYPE collateral, and, esp now, @kinetiq_xyz maxis are searching for liquidity to acquire more kHYPE at scale But how do these yields compare to stable yields on other chains? For additional context, on @vaultsfyi which displays some of the best stables yields across major chains, the closest yields at a comparable amount of liquidity are Gauntlet USDC Prime at 6.02% (4.94% without rewards) and Smokehouse USDC on Ethereum at 8.74% (7.66% without rewards) Felix Vanilla is built on the @MorphoLabs stack with the base protocol deployed by the Morpho team onto HyperEVM and the Felix risk team serving as the vault curator. If you are a stables holder on Ethereum, Base, Arbitrum, or elsewhere, come earn real yield on HyperEVM--DM if you need assistance bridging USDT, USDC, USDe, or other stables over Hyperliquid

hl probably flips solana in stablecoin supply by eoy

Everyday I’m thankful for my counterparties

Open interest has reached new all-time highs seven days in a row. Today's OI record was $13.8B. Fees also continue to grow, with a new ATH in 24h fees of $6M.

All time high revenue daily and hourly! Hyperliquid

Ladies and gentlemen 5.6M 24HR FEE 2B annualized

First Hyperliquid, now HyperEVM