Building conviction infrastructure for Hyperliquid at @NestExchange.
Joined June 2023
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Telaga retweeted
Since you guys are just learning about precompiles now, AVR is finishing audit and is only possible on Hyperliquid.
Telaga retweeted
Day 10/30: making $30k in 30 days to gift my parents their dream car.
The plan: make ads for brands nobody asked me to make, until one pays me or hires me.
Today we have: @NestExchange
(unofficial ad, not paid & no AI used)👇
Day 9/30: making $30k in 30 days to gift my parents their dream car.
The plan: make ads for brands nobody asked me to make, until one pays me or hires me.
Today we have: @StratosphereVIP
(unofficial ad, not paid & no AI used)👇
Telaga retweeted
It's the little things like breaking down overall PNL for @NestExchange users.
Our product encourages LP'ing, locking NEST, earning swap fees, and participating in weekly revenue claims. Users can see everything in one spot.
nest will be the best LP platform in DeFi.
Telaga retweeted
elysium will be a huge unlock for hyperliquid
papertrade will onboard a ton of people
and nest will capture most of the new volume, fees, and trading activity
Telaga retweeted
I was summoned, but the nest-2:native thesis is extremely simple so that's why I haven't done any more complicated posts on it since my first (also let ya boi stealth accumulate in peace 🙄).
I think metaDEXs ($AERO and nest-2:native, even up-2:native on RH Chain) are fundamentally superior to their traditional counterparts (ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 and PRJX/Hyperswap on the HyperEVM).
They fix a fundamental trilemma inherent to Uniswaps model, the need to siphon of fees from LPs in order to have a valuable token.
Hard to simultaneously be the best place to LP, and therefore the deepest liquidity, while having a token that accrues value.
This is why $UNI delayed buybacks for so long.
This is also at least a major reason why PRJX didn't TGE on the HyperEVM. Why have a token you need to support with buybacks when you can just take 14% of LP fees?
$UNI price action has been buoyed by RH chain, but you can't charge LPs 16-25% long term. There's just not enough moat for on chain liquidity in a world with aggregators.
On chain DEXs are getting eaten into by launchpads and CLOBs to some degree, but long term, I think the $AERO, $NEST etc model wins for longer tail assets on chain.
$UP, which I'm not currently long, serves as a good example of how reflexive and hard these style of tokens can run once their flywheel gets flywheeling, like it was on RH chain.
$NEST is similar to $AERO on the HyperEVM, which I think has been overly written off and will be revived by @Kinetiq_xyz Elysium. $KNTQ and $NEST are very clean $HYPE beta, especially regarding tokenization and memes
TLDR: I like $AERO, I like the HyperEVM revival narrative, therefore, I like $NEST
nest-2:native is criminally undervalued right now
most of you will scroll past this, then buy it 2x higher after kool’s thesis
just understand this: nest pays over $6M a year to holders against a $3.2M circulating mcap
that’s a market cap / revenue multiple of ~0.5x
aerodrome sits at 8.7x
that’s 17x just to match aerodrome’s multiple
🦅
Telaga retweeted
X Spaces hosted by @HYPEconomist and @0xMerp
building the Bull Market portfolio on Hyperliquid
RWAs, memes, and yield. where every dollar of HYPE should be working when the market turns.
Sept 15, 1pm ET
📅👇
Telaga retweeted
Not the biggest, but the dankest weekly $HYPE distribution from @NestExchange.
Crypto is really just the transfer of wealth from the impatient to the patient, and staking $AERO and nest-2:native is one of the better examples of that. Getting some "real yield" as liquid $HYPE weekly as opposed to all emissions/rewards in kind as token is very comfy too.
Think there's a potentially very nice bull case for nest-2:native (and obviously kinetiq:native) once @Kinetiq_xyz Elysium is live since that will be a big unlock for a lot more RWA and meme spot trading.
My two favorite asymmetric bets on the HyperEVM right now.
Telaga retweeted
Even on a somewhat slow epoch like last week's, I got a decent hype drop from hype engine vault @NestExchange. 100% from autocompounded nest. Didn't lock new cause weekly drop was already around 12%.
Now imagine bull market $NEST
Hyperliquid
Telaga retweeted
Happy to announce that i will be advising @NestExchange
focusing specifically on capital relations and growth
i believe that the onchain environment surrounding Hyperliquid is ripe for immense value creation, and am excited to help foster synergy and explore opportunities with other builders, the community, and investors
Nest protocol, in a few words, exists to convert onchain volatility and volume into hype tokens, and veNEST is the vehicle for this, its a lot if you are unfamiliar with the meta dex concept, so i will explain in more detail in another post
don't hesitate to reach out if you have questions, feedback, or ideas for collaboration
Telaga retweeted
Nest already hosts over $100k in TVL in xStocks pools, covering all the tickers we launched on Hypercore.
DeFi protocols can just build things.
Hyperliquid.
six days into @xStocksFi on nest and $117k of new TVL has arrived
deposit now to earn NEST rewards on HyperEVM
Telaga retweeted
Tokenized spot equities are the probably the first big catalyst for the HyperEVM tokens since launch.
RWA perps volume and narrative have really carried the $HYPE bull case during a very slow crypto summer, but the HyperEVM has seen near no benefit.
Soon we'll have:
Borrowing against equities on @hyperlendx
LPing them on @NestExchange
Etc etc
$KNTQ still best $HYPE beta overall imo, but we're about to see pretty meaningful TAM expansion for the entire ecosystem.