{"seq":75,"kind":"thesis","session_id":"7544f7a2ae2c4d648e559f94","payload_json":"{\"at\":1789901856554,\"session\":\"7544f7a2ae2c4d648e559f94\",\"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\":\"months\",\"injection\":0.03,\"view\":\"range\"},\"text_chars\":63,\"thesis_sha256\":\"e8e4f47140ce79995c350880810494afd3122da8aceaa08d620fd8b14a116921\",\"ticket\":{\"legs\":[{\"coin\":\"HYPE\",\"entry\":{\"px\":90.877,\"type\":\"market\"},\"kind\":\"spot\",\"note\":\"Collateral: 55.01 HYPE ($5,000 at 90.88), 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\":55.01,\"side\":\"buy\"},{\"carryPerDayUsd\":-0.25,\"coin\":\"USDC\",\"kind\":\"borrow\",\"loan\":{\"borrowApy\":5.77,\"collateralCoin\":\"HYPE\",\"collateralPx\":90.877,\"collateralUsd\":5000,\"costPerDayUsd\":0.25,\"liqPx\":45.438,\"ltvMax\":0.62,\"ltvUsed\":0.31,\"rateAsOf\":1789900548395,\"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. 5.77% borrow APR on hyperlend-pooled, $21.7M supplied, 62% maximum loan-to-value (rate as published by DefiLlama, 22 min old). $34.3M of USDC in it is unborrowed. Interest is $0.25 a day on this principal. Liquidation at 45.44 (50.0% below 90.88): 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\":1.24,\"coin\":\"HYPE/USDC\",\"kind\":\"lp\",\"note\":\"The loan goes here: $1,550 into a 73.36-108 band (38.6% wide), from 4x the daily ATR (the 14-bar 1h ATR scaled by sqrt(24), because this prototype only fetches 1h candles) over a months horizon. At 90.88 it mints 45.4% HYPE and the rest USDC, bought with part of the same loan. fee APR 29.20% today, 46.59% 30-day mean total APY (fees and rewards), $6.3M TVL on project-x (DefiLlama, today).\",\"notionalUsd\":1550,\"range\":{\"high\":108.4,\"low\":73.36},\"side\":\"deposit\"},{\"carryPerDayUsd\":0.21,\"coin\":\"HYPE\",\"entry\":{\"px\":90.604,\"type\":\"market\"},\"hedgeOf\":2,\"kind\":\"perp\",\"leverage\":2,\"marginMode\":\"cross\",\"note\":\"Hedge: at 90.88 the band holds 45.4% 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 +/-9.6%. The collateral above is deliberately NOT hedged: it is the bag the sentence asked to keep.\",\"notionalUsd\":703.09,\"qty\":7.76,\"side\":\"short\"}],\"riskUsd\":5351.55,\"template\":\"loan_lp_hedge\"},\"ticket_sha256\":\"a214c59502622af79752cc75f245c2429e9a37cf0731cf95a843ee5384c0ab1d\",\"v\":1,\"wallet_bound\":false}","hash":"945e46b9fd8dace204d2f9acbd4e274da24c311ab8431ba2b50c74a3b24328ac","prev_hash":"258b7151088cc6332e738889b65f5459be64fe1011cbe3138b058602762493eb","sig":"9dc42e2375b6b8f56ef8902e7adde3e93d3262ebcaa2bdf270da900d241a992b8a9a3ca1d7c509d87f588e8513894abf853f0edf32c493dbac11a41bba55ae03","pubkey":"f25f03fbc22533bc1b707bdcd9a452968c8724afa039cebd6d485dc741f63975","created_ms":1789901856554,"payload":{"at":1789901856554,"session":"7544f7a2ae2c4d648e559f94","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":"months","injection":0.03,"view":"range"},"text_chars":63,"thesis_sha256":"e8e4f47140ce79995c350880810494afd3122da8aceaa08d620fd8b14a116921","ticket":{"legs":[{"coin":"HYPE","entry":{"px":90.877,"type":"market"},"kind":"spot","note":"Collateral: 55.01 HYPE ($5,000 at 90.88), 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":55.01,"side":"buy"},{"carryPerDayUsd":-0.25,"coin":"USDC","kind":"borrow","loan":{"borrowApy":5.77,"collateralCoin":"HYPE","collateralPx":90.877,"collateralUsd":5000,"costPerDayUsd":0.25,"liqPx":45.438,"ltvMax":0.62,"ltvUsed":0.31,"rateAsOf":1789900548395,"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. 5.77% borrow APR on hyperlend-pooled, $21.7M supplied, 62% maximum loan-to-value (rate as published by DefiLlama, 22 min old). $34.3M of USDC in it is unborrowed. Interest is $0.25 a day on this principal. Liquidation at 45.44 (50.0% below 90.88): 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":1.24,"coin":"HYPE/USDC","kind":"lp","note":"The loan goes here: $1,550 into a 73.36-108 band (38.6% wide), from 4x the daily ATR (the 14-bar 1h ATR scaled by sqrt(24), because this prototype only fetches 1h candles) over a months horizon. At 90.88 it mints 45.4% HYPE and the rest USDC, bought with part of the same loan. fee APR 29.20% today, 46.59% 30-day mean total APY (fees and rewards), $6.3M TVL on project-x (DefiLlama, today).","notionalUsd":1550,"range":{"high":108.4,"low":73.36},"side":"deposit"},{"carryPerDayUsd":0.21,"coin":"HYPE","entry":{"px":90.604,"type":"market"},"hedgeOf":2,"kind":"perp","leverage":2,"marginMode":"cross","note":"Hedge: at 90.88 the band holds 45.4% 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 +/-9.6%. The collateral above is deliberately NOT hedged: it is the bag the sentence asked to keep.","notionalUsd":703.09,"qty":7.76,"side":"short"}],"riskUsd":5351.55,"template":"loan_lp_hedge"},"ticket_sha256":"a214c59502622af79752cc75f245c2429e9a37cf0731cf95a843ee5384c0ab1d","v":1,"wallet_bound":false}}