Would it ever make sense for the Assistance Fund to start holding a minor basket of stables along with HYPE?
If a black swan were to happen and Hyperliquid faces an issue requiring repayment to users, and that repayment has to come from the Assistance Fund, an inevitably already suffering HYPE token will then need to be further liquidated to compensate hurt users and maintain integrity of the protocol--potentially an even worse scenario for HYPE
Would a basket of stables be helpful in this instance? Maybe with USDH live, soon could be the time for the AF to begin accumulating USDH along with HYPE? USDH > USDC because USDH growth also means more HYPE being bought back, so the HYPE buybacks via fees generated can remain strong, but could just as well hold of basket of governance-approved stables (likely USDH, USDC, and USDT)
Seems it would be helpful to have a nice $100m in stables along with the millions of HYPE to avoid needing to liquidate HYPE in a worst case--this could be built up over time without having much material impact on the dollar value of HYPE the AF buys every day
Counterarguments I see:
>Too complex to determine the actual basket of stables (governance pain) and adding third party risk via assets held in the AF
>Potentially increases buy pressure on HYPE as speculators view this as a bullish decision on the part of HL, but also decreases AF buy pressure short term on a percentage basis
>The sole asset of Hyperliquid should be HYPE and thus no other asset should be purchased by the AF
>Even though the AF is said to be used for emergency situations, in reality it should remain a pure buyback system for HYPE first and foremost
Just ideas I've been mulling over for long-term security of HL and support of HYPE, esp in wake of overall market downturn
1.05万
62
本页面内容由第三方提供。除非另有说明,欧易不是所引用文章的作者,也不对此类材料主张任何版权。该内容仅供参考,并不代表欧易观点,不作为任何形式的认可,也不应被视为投资建议或购买或出售数字资产的招揽。在使用生成式人工智能提供摘要或其他信息的情况下,此类人工智能生成的内容可能不准确或不一致。请阅读链接文章,了解更多详情和信息。欧易不对第三方网站上的内容负责。包含稳定币、NFTs 等在内的数字资产涉及较高程度的风险,其价值可能会产生较大波动。请根据自身财务状况,仔细考虑交易或持有数字资产是否适合您。

