The house pool · HYPE/USDC
Calm money keeps the spread.
Deposit HYPE or USDC. Your shares own the pool's inventory and every fill's spread after the house's 20%. The return is shown as markout, never as a promised rate.
In PERCH nothing is hedged: a share holds roughly half HYPE and half USDC, so it moves with HYPE's price. In DIVE the HYPE side is hedged on HyperCore and the share moves with the spread.
Where every basis point comes from
Each day the share price change is split into its causes, and they must add up. Until the pool has fills there is nothing to split, so this table is empty rather than invented.
- Spread earned from fills
- no fills yet
- Inventory moving with HYPE
- no fills yet
- Entry haircuts kept by the pool
- no deposits yet
- Unexplained
- 0.00 bps
- Worth at HyperCore's mid
- $250.00
- Entry haircut, kept by the pool
- $0.05 (2 bps)
- Shares you get
- 249.95
You hold a veto
Every rule change waits 72 hours in the timelock. If depositors holding 10% of the pool's shares lock them against it, it is cancelled. Your shares keep their value while locked and come back whenever you ask.