# Сопутствующие статьи по теме Liquidity

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Liquidity", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Honeypot Finance: The New Full-Stack Perp DEX – Can It Challenge Hyperliquid?

Honeypot Finance, a new full-stack perpetual DEX, is emerging as a potential challenger to established players like Hyperliquid. With a $35M valuation and backing from investors like Mask Network, it aims to reshape the Perp DEX landscape through a unique hybrid model combining order book efficiency with AMM resilience. Unlike traditional models, Honeypot integrates an order book (via Orderly Network) for low-slip execution during normal conditions and a proprietary AMM that activates during high volatility, ensuring continuous tradability. It also introduces a structured risk management system featuring layered vaults—allowing conservative capital to enter "Priority Vaults" for safer yields, while risk-tolerant users opt for "Secondary Vaults" for higher returns. The platform employs a multi-stage liquidation process to minimize unfair liquidations and avoid automatic deleveraging (ADL) unless absolutely necessary. The ecosystem is supported by a closed-loop tokenomics model. The $HPOT token (500M fixed supply) benefits from protocol fee buybacks and burns, tying its value to real revenue. HoneyGenesis NFTs act as yield-weight amplifiers, rewarding long-term stakers or offering permanent boost options when burned. Having already facilitated over $120M in total trading volume ($20M in perpetuals), Honeypot aims to create a synergistic system—from meme launchpad (Pot2Pump) to derivatives trading—that captures and sustains value through actual usage rather than inflationary incentives. Its success hinges on attracting sustained liquidity, proving its risk infrastructure under stress, and validating its full-stack integration approach.

marsbit12/23 09:03

Honeypot Finance: The New Full-Stack Perp DEX – Can It Challenge Hyperliquid?

marsbit12/23 09:03

Prediction Market Veteran Narrates a Decade of Evolution: From Augur's 'Innovation Theater' to Polymarket's Practical Breakthrough

Prediction market pioneer Joey, co-founder of Augur, reflects on the evolution of the sector over the past decade. He identifies Augur’s early challenges—low liquidity, poor user experience, and regulatory uncertainty—as key reasons it initially failed to achieve product-market fit. While Augur demonstrated the potential of crypto-native innovation, it also revealed the gap between theoretical decentralization and practical usability, which he refers to as "innovation theater." Key lessons include the need to solve the oracle problem (real-world data integration) and reduce user barriers rather than relying solely on decentralization ideals. Founders should avoid premature decentralization by first testing centralized prototypes before moving on-chain. Polymarket’s recent success stems from focusing on real-time event prediction (elections, sports), high liquidity mechanisms, and attracting non-crypto users. It has proven effective as an information market, outperforming traditional polls in accuracy, especially during events like the 2024 U.S. election. Joey argues that prediction markets are evolving beyond gambling into risk-hedging tools—for example, helping businesses forecast supply chain disruptions. This shift reflects crypto’s broader move from speculation to utility. While speculation exists, the core value lies in information discovery. Regarding regulation, he expects the U.S. to enforce KYC/AML rules, limiting anonymity. The EU and Asia may adopt more favorable policies, but U.S. standards could dominate globally. Clear regulation could attract institutional participation, but overregulation—such as banning certain event types—may stifle innovation. He advises projects to collaborate with regulators rather than adopt a confrontational approach.

marsbit12/23 04:07

Prediction Market Veteran Narrates a Decade of Evolution: From Augur's 'Innovation Theater' to Polymarket's Practical Breakthrough

marsbit12/23 04:07

2025 Asset Review: Why Did Bitcoin Significantly Underperform Gold and U.S. Stocks?

In 2025, Bitcoin underperformed compared to both gold and U.S. equities, particularly those driven by AI leaders like NVIDIA. This divergence stems from deeper physical and informational dynamics rather than mere price movements. A key factor is energy arbitrage and shifting computational priorities. AI's exponential growth in total factor productivity has attracted massive capital and energy investment, diverting resources away from Bitcoin mining. Electricity used for AI training now yields higher marginal economic returns than Bitcoin’s proof-of-work mechanism, leading many miners to transition to AI data centers. Gold’s strong performance reflects its atomic-level certainty amid rising geopolitical entropy. As a physical store of value, it remains viable without digital infrastructure—unlike Bitcoin, which still depends on internet connectivity and centralized liquidity channels. Bitcoin is increasingly seen as a liquidity overflow asset, while gold serves as a hedge against systemic collapse. The introduction of Bitcoin ETFs has also diluted its volatility, integrating it into traditional portfolios and reducing its explosive potential. It now behaves more like a high-beta tech asset, sensitive to prolonged high-interest rates. Moreover, the opportunity cost of holding non-cash-flow-generating Bitcoin has risen as capital flocks to high-growth equities anticipating a productivity singularity led by AI. From a complex systems perspective, the current phase represents a recalibration. U.S. markets are in a parabolic AI-driven acceleration, while gold acts as a Cantor Set-like resilient core in a fragmenting global order. Bitcoin is caught between sell pressure from early adopters and steady institutional accumulation, leading to low volatility and price compression—a dynamic known as attractor reorganization. Bitcoin hasn’t been invalidated; it is being repriced. It temporarily yields to AI-driven growth and geopolitical safety but remains a long-term cross-cycle store of value, awaiting future liquidity expansion and shifts in technological efficiency.

marsbit12/23 02:09

2025 Asset Review: Why Did Bitcoin Significantly Underperform Gold and U.S. Stocks?

marsbit12/23 02:09

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