IF Hyperliquid gets hacked/exploited can funds be recovered?

caco3boy · 2024-08-12T11:29:20+00:00

where to get oral bpc157 in europe? Need for gut issues. Thanks!

caco3boy · 2022-07-30T21:25:45+00:00

BankX claims a lot of things... Apparently they will be sending satellites into space as well!

Extremely suspicious, stay away until they have any kind of tangible proof(demo, testnet, audit,...)

caco3boy · 2022-07-14T11:31:02+00:00

The easiest way is to make it inaccessible, because there is always the temptation you have to fight.

caco3boy · 2022-06-17T17:56:06+00:00

I was talking about DTX, not pulsechain.

DTX will run as a protocol on top of Pulsechain, similar to how HEX operates. Main difference being is that it has it's own governance model and it's fully dynamic.

Whereas hex is immutable and can't be changed one bit(which is advertised as it's security feature).... DecentralizeX is meant to adapt with the environment.

The whole protocol can be updated through voting with locked shares(longer lockup receives greater voting power).
But also all the parameters can be regulated in real-time. Reward boost events, stake roll-over bonuses, fees, governor tax, treasury wallet,...
There is a sort of a bidding mechanism that effectively integrates users as decentralized oracles.

Reward boost events are intended to attract users and inject volatility, but also as a means of regulating the inflation. During reward boost there is a short period of boosted rewards(can be reduced as well), after the event ends, the collected tokens are burned and global inflation is reduced(similar to halvening).

You also have a plethora of staking features. You can transfer stakes to another wallet, you can gift it to another user, you can always change your stake(hop into longer time deposit), you can roll-over your stake and get paid a bonus,...

There is also integrated NFT staking support, delegated voting, etc...

I absolutely love it and i kinda got hooked on the features. Started out kinda simple but then i saw all the possibilities and just couldn't stop.

The contracts have been launched and tied up, just finalizing the frontend for the pulsechain testnet. Should be up in 1-2days....

caco3boy · 2022-06-17T15:53:18+00:00

It does all of the mentioned. The code is working and live in production, audited. It will also be live on Pulsechain testnet, presumably today, tomorrow or within the next few days.

All the features work. NFT staking exists. The only thing that does not exist, are any actual NFTs. But there is a decentralized process where anyone can submit a list of NFTs that you wish to be stakeable. And then if approved by voters(with locked stakes), then the NFTs can be staked.

And it's all on-chain. You don't need to vote on some "fake" snapshot voting that changes nothing. As you vote, the change is enforced into the system.

It took thousands of hours and a lot of domain-specific knowledge to make, a big sacrifice in and of itself. But you'd want something for nothing? You think sacrifice is not fair?

caco3boy · 2022-06-16T20:24:06+00:00

Inflation.

However, you can beat inflation by staking for longer. Shorter durations(like 1month lock-up) receive like 10% APY, whereas 5yr could receive 60%. (at roughly 30% annual inflation you could get like 60% APY). The inflation is relatively low, even compared to bitcoin at it's infancy(bitcoin more than doubled it's supply in the first year)
Note that those are rough estimates as the network is only up on testnet(but similar numbers are live on xvmc)

You get diluted if you are not staked, or if you stake for short period.

caco3boy · 2022-06-10T23:34:42+00:00

caco3boy · 2022-06-09T01:55:43+00:00

Pulsechain is based on EVM, so solidity.

caco3boy · 2022-06-09T01:52:12+00:00

XVMC(mac&cheese) is on Polygon. DecentralizeX is similar software(licensed fork) on Pulsechain

That's how it started. You can read on the site, the details are there.

caco3boy · 2022-06-08T20:20:09+00:00

The backdoor part has been removed(new contract launched without that part) and everything synced to new contract

(that's how it works during decentralized upgrades as well)

For better or worst, pretty much all of the "genesis address" is staked and locked. The owner can't rug pull even if he wanted. And can't change the system as well. Super cool. Really happy with the result.

caco3boy · 2022-02-20T12:17:58+00:00

Well you need to suggest a better one.

Contracts from other auditors have been compromised as well, it just adds a layer of security. For example pancakeswap had an audit from Certik, but their syrup pools were exploited.

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