Felix The Bean price

There will come a time when the entire Hyperliquid ecosystem goes parabolic. EVM meme coins like $BUDDY and $RUB will hit hundreds of millions in market cap. OG spot memes like $PURR (official mascot), $CATBAL or $PIP will run too. We’ve seen this play out before, during the HFUN heat phase last year. Utility coins like $LIQD will get chased hard. Even NFTs will melt faces as everyone chases beta plays to $HYPE. You’ll be printing off EVM airdrops like $UNIT, $FELIX, $LEND, $SWAP or Kinetiq. KittenSwap’s TGE a few days ago was a glimpse of what’s coming. The catalyst? It could be an official announcement of S3 of Hyperliquid Points. Or a massive EVM airdrop like $UNIT, acting as a liquidity injection event similar to JTO on Solana. Or simply $HYPE hitting new ATHs every day.

Some highlights from the Axal Tena’s trip to Cannes ft our friends @worldcoin @Aptos and @felixprotocol

Original author: Chilla Original compilation: Block unicorn preface It's not for nothing that stablecoins are in the spotlight. In addition to speculation, stablecoins are one of the few products in the cryptocurrency space that have a clear product-market fit (PMF). Today, the world is talking about the trillions of stablecoins that are expected to flood the traditional finance (TradFi) market over the next five years. However, it's not necessarily gold that shines. The initial stablecoin trilemma New projects often use charts to compare their positioning with their main competitors. What is striking but often downplayed is the recent regression of decentralization. The market is developing and maturing. The need for scalability collides with the anarchic dreams of the past. But a balance should be found somehow. Initially, the stablecoin trilemma was based on three key concepts: Price stability: Stablecoins maintain a stable value (usually pegged to the U.S. dollar). Decentralization: There is no single entity control, which brings censorship-resistant and trustless characteristics. Capital efficiency: The peg can be maintained without excessive collateral. However, after many controversial experiments, scalability remains a challenge. As a result, these concepts are constantly evolving to adapt to these challenges. The image above is taken from one of the most important stablecoin projects in recent years. It deserves credit for its strategy of going beyond stablecoins and evolving into more products. However, you can see that the price stability remains the same. Capital efficiency can be equated to scalability. But decentralization was changed to censorship-resistant. Censorship resistance is a fundamental feature of cryptocurrency, but it's only a subcategory compared to the concept of decentralization. This is because the latest stablecoins (with the exception of Liquity and its forks, as well as a handful of other examples) have a certain centralization characteristic. For example, even if these projects utilize decentralized exchanges (DEXs), there is still a team responsible for managing the strategy, seeking yields and redistributing them to holders, who are essentially like shareholders. In this case, scalability comes from the amount of earnings, not from the composability within DeFi. True decentralization has been frustrated. motivation There are too many dreams and not enough reality. On Thursday, March 12, 2020, the entire market plummeted due to the pandemic, and what happened to DAI is well known. Since then, the reserves have mostly shifted to USDC, making it an alternative and somewhat acknowledging the failure of decentralization in the face of Circle and Tether's supremacy. At the same time, attempts at algorithmic stablecoins like UST, or rebase stablecoins like Ampleforth, have not yielded the desired results at all. After that, legislation further worsened the situation. At the same time, the rise of institutional stablecoins has weakened experimentation. However, one of these attempts has achieved growth. Liquity stands out for its immutability of contracts and the use of Ethereum as collateral to drive pure decentralization. However, its scalability is lacking. Now, they recently launched V2 with several upgrades to enhance pegged security and provide better interest rate flexibility when minting their new stablecoin, BOLD. However, a number of factors have limited its growth. Compared to USDT and USDC, which are more capital-efficient but yieldless, their stablecoins have a loan-to-value (LTV) ratio of around 90%, which is not too high. In addition, direct competitors that offer intrinsic benefits, such as Ethena, Usual, and Resolv, also have 100% LTV. However, the main problem may be the lack of a large-scale distribution model. Because it is still closely related to the early Ethereum community, there is less focus on use cases such as proliferation on DEXs. While the cyberpunk vibe is in line with the spirit of cryptocurrency, it could limit mainstream growth if it is not balanced with DeFi or retail adoption. Despite the limited total value locked (TVL), Liquity is one of the projects whose fork holds the most TVL in cryptocurrency, with V1 and V2 totaling $370 million, which is fascinating. The Genius Act This should bring more stability and recognition to stablecoins in the US, but at the same time it only focuses on traditional, fiat-backed stablecoins issued by licensed and regulated entities. Any decentralized, crypto-collateralized, or algorithmic stablecoins either fall into a regulatory gray area or are excluded. Value proposition vs. distribution Stablecoins are shovels used to dig gold mines. Some are hybrid, primarily institutional-oriented (e.g., BlackRock's BUIDL and World Liberty Financial's USD1) that aim to expand into traditional finance (TradFi); Some are from Web 2.0 (such as PayPal's PYUSD) and aim to expand their total addressable market (TOMA) by reaching out to native cryptocurrency users, but they face scalability issues due to a lack of experience in new areas. Then, there are projects that focus primarily on underlying strategies, such as RWA (like Ondo's USDY and Usual's USDO), which aim to achieve sustainable returns based on real-world value (as long as interest rates remain high), and Delta-Neutral strategies (like Ethena's USDe and Resolv's USR), which focus on generating yield for holders. All of these projects have one thing in common, albeit to varying degrees, and that is centralization. Even decentralized finance (DeFi)-focused projects, such as the Delta-Neutral strategy, are managed by in-house teams. While they may leverage Ethereum in the background, the overall management is still centralized. Actually, these projects should theoretically be classified as derivatives rather than stablecoins, but this is a topic I've discussed before. Emerging ecosystems such as MegaETH and HyperEVM also offer new hope. CapMoney, for example, will adopt a centralized decision-making mechanism in the first few months, with the goal of progressively becoming decentralized through the economic security provided by the Eigen Layer. In addition, there are Liquity's fork projects such as Felix Protocol, which is experiencing significant growth and establishing itself among the chain's native stablecoins. These projects have chosen to focus on emerging blockchain-centric distribution models and take advantage of the "novelty effect". conclusion Centralization is not a negative in itself. For projects, it is simpler, more controllable, more scalable, and more adaptable to legislation. However, this is not in line with the original spirit of cryptocurrency. What guarantees that a stablecoin is truly censorship-resistant? Is it not just a dollar on the chain, but a real user asset? No centralized stablecoin can make such a promise. So, while the emerging alternatives are attractive, we shouldn't forget the original stablecoin trilemma: Price stability Decentralization Capital efficiency

I think it's time for the Hyperliquid team to start using the AF2 The Assistence Fund 2 was instaurated in January with the premise of "holding a diverse set of native assets on Hyperliquid" See full official post To kick things off, the AF2 bought approximately 0.5% of $PURR supply from the market. That was the first and only action done by the AF2 After almost 5 months from its birth, just a mere 0.04% of revenue going to AF2 and no words from the team, I think it's time to bring it back to life Back in January, there were not many tokens listed on HyperCore that fulfilled the selection criteria of good distribution + positive impact on the community, but we have come a long way from there Now we have native spot $BTC, $ETH, $SOL Now we have $HFUN and $LIQD as native revenue tokens Now we have $BUDDY, the new meme of the community We will soon have $PVP, $FELIX, $KNTQ, $UNIT, $KITTEN, $LEND and many other assets that have the best interest for the community Why I want it this bad? HL is dominating perps, eating CEXs pie It's time to do the same with spot Obv, it's already better to spend a couple grand to list on HL instead of selling your soul to Binance and see your token die, but we must not only remove the bad but also give an incentive to build, launch and list on HL for quality builders What if 5% of the total revenue goes to AF2 to start buying some $BTC and a bit more $PURR along the way? What if builders start to realize this and the opportunity that comes with it? What if with our staked $HYPE we can direct the buybacks? $HYPE wars(?) It's time the AF2 starts doing what it was promised to do. Sincerely, Pasta Hyperliquid

Finally. @DeBankDeFi integrates HyperEVM. Welcome. Now waiting on @etherscan and @USDC. When? Hyperliquid.