加密资产经理Sparks辩论：Hype Sokenomics和45％的供应量

DBA提议减少45％的炒作供应，以改造超流动令牌，这引发了有关灵活性与投资者吸引力的辩论。炒作的未来是什么？

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，加密爱好者！分散财务的世界正在嗡嗡作响，该提议可能会大大改变炒作的代币学，这是炒作的本地代币。加密资产经理DBA提出了大胆的举动：将炒作的总供应量减少了45％。这是天才的中风还是对平台未来的潜在破坏？让我们潜入！

The Proposal: A Scalpel or a Sledgehammer?

提案：手术刀还是大锤？

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认为，这种供应减少将使令牌对投资者更具吸引力。该计划涉及：

• 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认为，目前的炒作估值目前是误导性的，因为它包括可能永远不会看到一天的令牌。他认为这惩罚了协议的感知价值。

Why Now? Hyperliquid's Rising Star

为什么现在？超级流动的后起之秀

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.

该提案是在超流动群体获得严重牵引力的时候出现的。该交易所最近推出了自己的USDH Stablecoin，进一步巩固了其在Defi空间中的地位。凭借令人印象深刻的交易量和一支精益团队，Hyproliquid绝对是值得关注的。

Institutional Backing... and Skepticism

机构支持...和怀疑主义

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是支持该提议的人之一。他认为将近50％的社区分配是缺乏透明度的“无定形泥基金”。但是，并不是每个人都在船上。加密评论员托德先生将这个想法称为“愚蠢”，认为未来的排放对于超流动的增长至关重要。其他人则担心减少潜在的法律或监管挑战所需的储量。

Market Reaction: A Rollercoaster Ride

市场反应：过山车

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!

炒作的价格最近一直在狂野。在下降22％之前，它飙升至历史最高水平。由亚瑟·海斯（Arthur Hayes）领导的漩涡基金会（Maelstrom Fund）甚至抛弃了整个炒作，理由是对即将到来的代币解锁的担忧。波动率是Crypto中游戏的名称，伙计们！

The Road Ahead: Governance and Community

前进的道路：治理和社区

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?

最终，该提案的命运取决于超流动的治理过程。它需要与社区和主要利益相关者进行聚会。他们会接受这一大胆的举动，还是选择更保守的方法？

CoinShares Enters the US Market

Coinshares进入美国市场

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.

在其他新闻中，欧洲主要的加密资产经理Coinshares计划通过SPAC合并在美国公开。此举表明，美国市场对数字资产和Coinshares成为全球领导者的野心的重要性越来越重要。

Final Thoughts: Buckle Up!

最终想法：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!

炒作的宣传辩论突出了Defi世界中持续的挑战和机遇。平衡对增长，透明度和投资者吸引力的需求并不是一件容易的事。可以肯定的是：这将是一个有趣的旅程。因此，抓住爆米花，将目光投向图表，并记住，在加密货币中，任何事情都可能发生！