HyENA just gave the Hyperliquid crowd a preview of what HIP3 could actually do—shift collateral economics back where it belongs. With users.
Look at the numbers. Billions in USDC sitting there doing nothing on Hyperliquid. Meanwhile over on a certain exchange, USDe shot up to 10% of all balances and flipped USDC in those first critical weeks. That's the kind of velocity this proposal might unlock.
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HyENA just gave the Hyperliquid crowd a preview of what HIP3 could actually do—shift collateral economics back where it belongs. With users.
Look at the numbers. Billions in USDC sitting there doing nothing on Hyperliquid. Meanwhile over on a certain exchange, USDe shot up to 10% of all balances and flipped USDC in those first critical weeks. That's the kind of velocity this proposal might unlock.