2026-01-11 16:22:45

A project is staking 500k HYPE tokens (~12.5M value) to unlock HIP3 access, enabling them to launch custom perpetual futures contracts directly on the protocol. Their debut offerings will feature three perps: Charizard, Pokemon Index, and CS2 Index. Rather than relying on the standard HLP model, this custom deployment utilizes TLP—a mechanism designed to provide instant liquidity for these derivatives. The protocol architecture captures trading fees, which are then funneled into buybacks of the TROVE token, creating a sustainable tokenomics loop.

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SatoshiLeftOnRead

· 01-12 06:09

500k HYPE poured in just to play these few perps? Even Pokémon index can be tokenized into derivatives, really everything can be tokenized.

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MergeConflict

· 01-11 16:52

500k HYPE投入只是为了玩Charizard futures? That move is really awesome.

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HypotheticalLiquidator

· 01-11 16:50

1250万 USD bet on custom leverage contracts... Looking at the TLP liquidity model gives me a headache. This round of liquidation risk indicators definitely exceed the safety threshold. 2. Pokémon index perp? Really daring to come out. When volatility spikes, these guys' health factors drop below the alert line. 3. Fee reflow TROVE buyback sounds good but has major logical flaws. Who will cover the liquidity gap when cascading liquidations trigger? 4. 500k HYPE locked... Feels like a domino effect is looming. Systemic risk will explode sooner or later. 5. Custom perpetuals sound fancy, but can the underlying risk control design withstand market panic? I’m a question mark face. 6. Setting the liquidation price is crucial. Can this TLP mechanism really handle chain liquidations instantly? Just asking a question first. 7. It’s not that it’s bad, but this 12.5M bet... I always feel it might become a fuse at some point. 8. Using CS2 Index as the underlying asset, when the lending rate soars, does the entire system need to deleverage?

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DeepRabbitHole

· 01-11 16:50

Can you really play derivatives with just 5 million HYPE? That's something, but the targets like Pokemon Index and CS2 are indeed a bit curious...

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GhostChainLoyalist