I think it's time for the Hyperliquid team to start using the AF2
The Assistence Fund 2 was instaurated in January with the premise of "holding a diverse set of native assets on Hyperliquid"
See full official post
To kick things off, the AF2 bought approximately 0.5% of $PURR supply from the market. That was the first and only action done by the AF2
After almost 5 months from its birth, just a mere 0.04% of revenue going to AF2 and no words from the team, I think it's time to bring it back to life
Back in January, there were not many tokens listed on HyperCore that fulfilled the selection criteria of good distribution + positive impact on the community, but we have come a long way from there
Now we have native spot $BTC, $ETH, $SOL
Now we have $HFUN and $LIQD as native revenue tokens
Now we have $BUDDY, the new meme of the community
We will soon have $PVP, $FELIX, $KNTQ, $UNIT, $KITTEN, $LEND and many other assets that have the best interest for the community
Why I want it this bad?
HL is dominating perps, eating CEXs pie
It's time to do the same with spot
Obv, it's already better to spend a couple grand to list on HL instead of selling your soul to Binance and see your token die, but we must not only remove the bad but also give an incentive to build, launch and list on HL for quality builders
What if 5% of the total revenue goes to AF2 to start buying some $BTC and a bit more $PURR along the way?
What if builders start to realize this and the opportunity that comes with it?
What if with our staked $HYPE we can direct the buybacks? $HYPE wars(?)
It's time the AF2 starts doing what it was promised to do.
Sincerely, Pasta
Hyperliquid
In accordance with its onchain mandate to securely preserve value and support the Hyperliquid community, the assistance fund will begin holding a diverse set of native assets on Hyperliquid. Selection criteria include a fair initial distribution, decentralized ownership, Hyperliquid-first native deployment, and a demonstrated positive impact for the Hyperliquid community.
Among qualifying assets, the Hyper Foundation will initially decide on inclusion and relative representation. Over time, governance will take over this responsibility. The pilot asset added to the assistance fund is PURR. The assistance fund initially will hold 3M PURR, which accounts for approximately 0.5% of the total supply at the time of inclusion.
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