{"seq":158,"kind":"thesis","session_id":"55d4d629e92a4f618ab76696","payload_json":"{\"at\":1789995290443,\"session\":\"55d4d629e92a4f618ab76696\",\"t\":\"thesis\",\"target\":{\"asset\":\"HYPE\",\"constraints\":{\"defined_risk\":false,\"delta_neutral\":true,\"hands_off\":false,\"keep_dry_powder\":false,\"no_cex\":false,\"no_sell_holdings\":false},\"horizon\":\"weeks\",\"injection\":0.03,\"side\":\"long\",\"view\":\"yield\"},\"text_chars\":144,\"thesis_sha256\":\"34c52b3fc5f1994cd3cb993a97a6e7e6a6f6cc6090fcd580f29447eefc3dbb5f\",\"ticket\":{\"legs\":[{\"coin\":\"HYPE\",\"entry\":{\"px\":95.385,\"type\":\"market\"},\"kind\":\"spot\",\"note\":\"Collateral: 52.41 HYPE ($5,000 at 95.39), assumed - no wallet is attached, so this is 50.0% of the nominal $10,000 book. It is pledged, not sold: the loan below is drawn against it.\",\"notionalUsd\":5000,\"qty\":52.41,\"side\":\"buy\"},{\"carryPerDayUsd\":-0.2,\"coin\":\"USDC\",\"kind\":\"borrow\",\"loan\":{\"borrowApy\":4.75,\"collateralCoin\":\"HYPE\",\"collateralPx\":95.385,\"collateralUsd\":5000,\"costPerDayUsd\":0.2,\"liqPx\":47.693,\"ltvMax\":0.62,\"ltvUsed\":0.31,\"rateAsOf\":1789995043429,\"thresholdIsLtv\":true,\"thresholdPct\":0.62,\"venue\":\"hyperlend-pooled\"},\"note\":\"$1,550 of USDC borrowed on hyperlend-pooled against $5,000 of HYPE: 31.0% loan-to-value, which is 50.0% of the 62.0% maximum the pool publishes. 4.75% borrow APR on hyperlend-pooled, $13.9M supplied, 62% maximum loan-to-value (rate as published by DefiLlama, 4 min old). $13.9M of USDC in it is unborrowed. Interest is $0.20 a day on this principal. Liquidation at 47.69 (50.0% below 95.39): DefiLlama publishes no separate liquidation threshold for this pool, so the pool's own 62.0% maximum loan-to-value is used as one, and that is an assumption this ticket is making out loud.\",\"notionalUsd\":1550,\"side\":\"borrow\"},{\"carryPerDayUsd\":1.63,\"coin\":\"HYPE/USDC\",\"kind\":\"lp\",\"note\":\"The loan goes here: $1,550 into a 83.78-107 band (24.3% wide), from 2.5x the daily ATR (the 14-bar 1h ATR scaled by sqrt(24), because this prototype only fetches 1h candles) over a weeks horizon. At 95.39 it mints 47.0% HYPE and the rest USDC, bought with part of the same loan. fee APR 38.42% today, 42.55% 30-day mean total APY (fees and rewards), $6.3M TVL on project-x (DefiLlama, today).\",\"notionalUsd\":1550,\"range\":{\"high\":106.99,\"low\":83.78},\"side\":\"deposit\"},{\"carryPerDayUsd\":0.22,\"coin\":\"HYPE\",\"entry\":{\"px\":95.099,\"type\":\"market\"},\"hedgeOf\":2,\"kind\":\"perp\",\"leverage\":2,\"marginMode\":\"cross\",\"note\":\"Hedge: at 95.39 the band holds 47.0% of its value in HYPE, so the short is that share of $1,550, not a flat half. No stop: it is a hedge. The share moves with price - rebalance when price moves +/-6.1%. The collateral above is deliberately NOT hedged: it is the bag the sentence asked to keep.\",\"notionalUsd\":728.46,\"qty\":7.66,\"side\":\"short\"}],\"riskUsd\":5364.23,\"template\":\"loan_lp_hedge\"},\"ticket_sha256\":\"82549f714ffec63a6205ff79c815a1a17e540df52aa5e8dd0d2633c7054a88ec\",\"v\":1,\"wallet_bound\":false}","hash":"96010a90c0c9114ed7d603770b8651f78226099e0b4e47d913beffb1637d1fb9","prev_hash":"23d65016201c4e7901af5da4180e932c285a803aaaf0733da49600f164aae09d","sig":"e1fe35b2e5c466a9b995327f2e896c6707a65174643053f65471bd3945eaafb1dad65f643ef35a8a26a37aa0dbac771982df0d269f6168561129342e0bce8d0a","pubkey":"f25f03fbc22533bc1b707bdcd9a452968c8724afa039cebd6d485dc741f63975","created_ms":1789995290443,"payload":{"at":1789995290443,"session":"55d4d629e92a4f618ab76696","t":"thesis","target":{"asset":"HYPE","constraints":{"defined_risk":false,"delta_neutral":true,"hands_off":false,"keep_dry_powder":false,"no_cex":false,"no_sell_holdings":false},"horizon":"weeks","injection":0.03,"side":"long","view":"yield"},"text_chars":144,"thesis_sha256":"34c52b3fc5f1994cd3cb993a97a6e7e6a6f6cc6090fcd580f29447eefc3dbb5f","ticket":{"legs":[{"coin":"HYPE","entry":{"px":95.385,"type":"market"},"kind":"spot","note":"Collateral: 52.41 HYPE ($5,000 at 95.39), assumed - no wallet is attached, so this is 50.0% of the nominal $10,000 book. It is pledged, not sold: the loan below is drawn against it.","notionalUsd":5000,"qty":52.41,"side":"buy"},{"carryPerDayUsd":-0.2,"coin":"USDC","kind":"borrow","loan":{"borrowApy":4.75,"collateralCoin":"HYPE","collateralPx":95.385,"collateralUsd":5000,"costPerDayUsd":0.2,"liqPx":47.693,"ltvMax":0.62,"ltvUsed":0.31,"rateAsOf":1789995043429,"thresholdIsLtv":true,"thresholdPct":0.62,"venue":"hyperlend-pooled"},"note":"$1,550 of USDC borrowed on hyperlend-pooled against $5,000 of HYPE: 31.0% loan-to-value, which is 50.0% of the 62.0% maximum the pool publishes. 4.75% borrow APR on hyperlend-pooled, $13.9M supplied, 62% maximum loan-to-value (rate as published by DefiLlama, 4 min old). $13.9M of USDC in it is unborrowed. Interest is $0.20 a day on this principal. Liquidation at 47.69 (50.0% below 95.39): DefiLlama publishes no separate liquidation threshold for this pool, so the pool's own 62.0% maximum loan-to-value is used as one, and that is an assumption this ticket is making out loud.","notionalUsd":1550,"side":"borrow"},{"carryPerDayUsd":1.63,"coin":"HYPE/USDC","kind":"lp","note":"The loan goes here: $1,550 into a 83.78-107 band (24.3% wide), from 2.5x the daily ATR (the 14-bar 1h ATR scaled by sqrt(24), because this prototype only fetches 1h candles) over a weeks horizon. At 95.39 it mints 47.0% HYPE and the rest USDC, bought with part of the same loan. fee APR 38.42% today, 42.55% 30-day mean total APY (fees and rewards), $6.3M TVL on project-x (DefiLlama, today).","notionalUsd":1550,"range":{"high":106.99,"low":83.78},"side":"deposit"},{"carryPerDayUsd":0.22,"coin":"HYPE","entry":{"px":95.099,"type":"market"},"hedgeOf":2,"kind":"perp","leverage":2,"marginMode":"cross","note":"Hedge: at 95.39 the band holds 47.0% of its value in HYPE, so the short is that share of $1,550, not a flat half. No stop: it is a hedge. The share moves with price - rebalance when price moves +/-6.1%. The collateral above is deliberately NOT hedged: it is the bag the sentence asked to keep.","notionalUsd":728.46,"qty":7.66,"side":"short"}],"riskUsd":5364.23,"template":"loan_lp_hedge"},"ticket_sha256":"82549f714ffec63a6205ff79c815a1a17e540df52aa5e8dd0d2633c7054a88ec","v":1,"wallet_bound":false}}