加密資產經理Sparks辯論：Hype Sokenomics和45％的供應量

DBA提議減少45％的炒作供應，以改造超流動令牌，這引發了有關靈活性與投資者吸引力的辯論。炒作的未來是什麼？

Hold on to your hats, crypto enthusiasts! The world of decentralized finance is buzzing about a proposal that could drastically change the tokenomics of HYPE, the native token of the Hyperliquid exchange. A crypto asset manager, DBA, is suggesting a bold move: cutting the total supply of HYPE by a whopping 45%. Is this a stroke of genius or a potentially crippling blow to the platform's future? Let's dive in!

抓住您的帽子，加密愛好者！分散財務的世界正在嗡嗡作響，該提議可能會大大改變炒作的代幣學，這是炒作的本地代幣。加密資產經理DBA提出了大膽的舉動：將炒作的總供應量減少了45％。這是天才的中風還是對平台未來的潛在破壞？讓我們潛入！

The Proposal: A Scalpel or a Sledgehammer?

提案：手術刀還是大錘？

DBA, which holds a significant amount of HYPE, argues that this supply cut will make the token more attractive to investors. The plan involves:

大量炒作的DBA認為，這種供應減少將使令牌對投資者更具吸引力。該計劃涉及：

• Revoking authorization for 421 million unminted tokens earmarked for future emissions and community rewards.
• Burning 21 million HYPE tokens from the protocol's Assistance Fund.
• Removing the token's current 1 billion supply cap.

Jon Charbonneau from DBA believes that the current fully diluted valuation of HYPE is misleading, as it includes tokens that may never see the light of day. He argues this penalizes the protocol's perceived value.

DBA的Jon Charbonneau認為，目前的炒作估值目前是誤導性的，因為它包括可能永遠不會看到一天的令牌。他認為這懲罰了協議的感知價值。

Why Now? Hyperliquid's Rising Star

為什麼現在？超級流動的後起之秀

This proposal comes at a time when Hyperliquid is gaining serious traction. The exchange recently launched its own USDH stablecoin, further solidifying its position in the DeFi space. With impressive trading volumes and a lean team, Hyperliquid is definitely one to watch.

該提案是在超流動群體獲得嚴重牽引力的時候出現的。該交易所最近推出了自己的USDH Stablecoin，進一步鞏固了其在Defi空間中的地位。憑藉令人印象深刻的交易量和一支精益團隊，Hyproliquid絕對是值得關注的。

Institutional Backing... and Skepticism

機構支持...和懷疑主義

Dragonfly's Haseeb Qureshi is among those supporting the proposal. He sees the nearly 50% community allocation as an "amorphous slush fund" that lacks transparency. However, not everyone is on board. Crypto commentator Mister Todd calls the idea "foolish," arguing that future emissions are crucial for Hyperliquid's growth. Others worry about reducing reserves needed for potential legal or regulatory challenges.

蜻蜓的Haseeb Qureshi是支持該提議的人之一。他認為將近50％的社區分配是缺乏透明度的“無定形泥基金”。但是，並不是每個人都在船上。加密評論員托德先生將這個想法稱為“愚蠢”，認為未來的排放對於超流動的增長至關重要。其他人則擔心減少潛在的法律或監管挑戰所需的儲量。

Market Reaction: A Rollercoaster Ride

市場反應：過山車

HYPE's price has been on a wild ride lately. It surged to an all-time high before plummeting 22%. Maelstrom Fund, led by Arthur Hayes, even dumped its entire HYPE holdings, citing concerns over upcoming token unlocks. Volatility is the name of the game in crypto, folks!

炒作的價格最近一直在狂野。在下降22％之前，它飆升至歷史最高水平。由亞瑟·海斯（Arthur Hayes）領導的漩渦基金會（Maelstrom Fund）甚至拋棄了整個炒作，理由是對即將到來的代幣解鎖的擔憂。波動率是Crypto中游戲的名稱，伙計們！

The Road Ahead: Governance and Community

前進的道路：治理和社區

Ultimately, the fate of this proposal rests in the hands of Hyperliquid's governance process. It will need to pass muster with the community and key stakeholders. Will they embrace this bold move, or will they opt for a more conservative approach?

最終，該提案的命運取決於超流動的治理過程。它需要與社區和主要利益相關者進行聚會。他們會接受這一大膽的舉動，還是選擇更保守的方法？

CoinShares Enters the US Market

Coinshares進入美國市場

In other news, CoinShares, a major European crypto asset manager, is planning to go public in the US via a SPAC merger. This move signals the growing importance of the US market for digital assets and CoinShares' ambition to become a global leader.

在其他新聞中，歐洲主要的加密資產經理Coinshares計劃通過SPAC合併在美國公開。此舉表明，美國市場對數字資產和Coinshares成為全球領導者的野心的重要性越來越重要。

Final Thoughts: Buckle Up!

最終想法：搭扣！

The HYPE tokenomics debate highlights the ongoing challenges and opportunities in the DeFi world. Balancing the need for growth, transparency, and investor appeal is no easy feat. One thing's for sure: it's going to be an interesting ride. So, grab your popcorn, keep your eyes on the charts, and remember, in crypto, anything can happen!

炒作的宣傳辯論突出了Defi世界中持續的挑戰和機遇。平衡對增長，透明度和投資者吸引力的需求並不是一件容易的事。可以肯定的是：這將是一個有趣的旅程。因此，抓住爆米花，將目光投向圖表，並記住，在加密貨幣中，任何事情都可能發生！