{"seq":97,"kind":"thesis","session_id":"b3a55dfb7f7d4c8aa3061d5a","payload_json":"{\"at\":1789945532249,\"session\":\"b3a55dfb7f7d4c8aa3061d5a\",\"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,\"view\":\"range\"},\"text_chars\":59,\"thesis_sha256\":\"bf26e48663d66158e345e1335c46085c1876657f5d3ae64991edd96b2a9c883f\",\"ticket\":{\"legs\":[{\"coin\":\"HYPE\",\"entry\":{\"px\":93.682,\"type\":\"market\"},\"kind\":\"spot\",\"note\":\"Collateral: 53.37 HYPE ($5,000 at 93.68), 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\":53.37,\"side\":\"buy\"},{\"carryPerDayUsd\":-0.2,\"coin\":\"USDC\",\"kind\":\"borrow\",\"loan\":{\"borrowApy\":4.71,\"collateralCoin\":\"HYPE\",\"collateralPx\":93.682,\"collateralUsd\":5000,\"costPerDayUsd\":0.2,\"liqPx\":46.841,\"ltvMax\":0.62,\"ltvUsed\":0.31,\"rateAsOf\":1789941680500,\"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. 4.71% borrow APR on hyperlend-pooled, $27.7M supplied, 62% maximum loan-to-value (rate as published by DefiLlama, 64 min old). $27.7M of USDC in it is unborrowed. Interest is $0.20 a day on this principal. Liquidation at 46.84 (50.0% below 93.68): 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\":2.32,\"coin\":\"HYPE/USDC\",\"kind\":\"lp\",\"note\":\"The loan goes here: $1,550 into a 81.94-105 band (25.1% 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 93.68 it mints 47.0% HYPE and the rest USDC, bought with part of the same loan. fee APR 54.59% today, 44.74% 30-day mean total APY (fees and rewards), $6.2M TVL on project-x (DefiLlama, today).\",\"notionalUsd\":1550,\"range\":{\"high\":105.42,\"low\":81.94},\"side\":\"deposit\"},{\"carryPerDayUsd\":0.22,\"coin\":\"HYPE\",\"entry\":{\"px\":93.401,\"type\":\"market\"},\"hedgeOf\":2,\"kind\":\"perp\",\"leverage\":2,\"marginMode\":\"cross\",\"note\":\"Hedge: at 93.68 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 +/-6.3%. The collateral above is deliberately NOT hedged: it is the bag the sentence asked to keep.\",\"notionalUsd\":727.59,\"qty\":7.79,\"side\":\"short\"}],\"riskUsd\":5363.8,\"template\":\"loan_lp_hedge\"},\"ticket_sha256\":\"f16fec020e8fbacd8b5686d72ad0390c6280a17ee07d96c07b5bc8e80855a24a\",\"v\":1,\"wallet_bound\":false}","hash":"bec5c9860ac17bb49beb88fb3c3b82f81c51ed7d06b59637ce65255a66475302","prev_hash":"c8bbfd3974938f4e34940b2603c33564b99ce539775051cfe0893c1ad415eda7","sig":"9490327ad37d7c47798175bd72f6e9e60152bf79b9518e910b4daf3a6bf232426b5628ec23396fad1ac6f16d83895df0889c8056894cd0fb829d7d88bb459802","pubkey":"f25f03fbc22533bc1b707bdcd9a452968c8724afa039cebd6d485dc741f63975","created_ms":1789945532249,"payload":{"at":1789945532249,"session":"b3a55dfb7f7d4c8aa3061d5a","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,"view":"range"},"text_chars":59,"thesis_sha256":"bf26e48663d66158e345e1335c46085c1876657f5d3ae64991edd96b2a9c883f","ticket":{"legs":[{"coin":"HYPE","entry":{"px":93.682,"type":"market"},"kind":"spot","note":"Collateral: 53.37 HYPE ($5,000 at 93.68), 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":53.37,"side":"buy"},{"carryPerDayUsd":-0.2,"coin":"USDC","kind":"borrow","loan":{"borrowApy":4.71,"collateralCoin":"HYPE","collateralPx":93.682,"collateralUsd":5000,"costPerDayUsd":0.2,"liqPx":46.841,"ltvMax":0.62,"ltvUsed":0.31,"rateAsOf":1789941680500,"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. 4.71% borrow APR on hyperlend-pooled, $27.7M supplied, 62% maximum loan-to-value (rate as published by DefiLlama, 64 min old). $27.7M of USDC in it is unborrowed. Interest is $0.20 a day on this principal. Liquidation at 46.84 (50.0% below 93.68): 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":2.32,"coin":"HYPE/USDC","kind":"lp","note":"The loan goes here: $1,550 into a 81.94-105 band (25.1% 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 93.68 it mints 47.0% HYPE and the rest USDC, bought with part of the same loan. fee APR 54.59% today, 44.74% 30-day mean total APY (fees and rewards), $6.2M TVL on project-x (DefiLlama, today).","notionalUsd":1550,"range":{"high":105.42,"low":81.94},"side":"deposit"},{"carryPerDayUsd":0.22,"coin":"HYPE","entry":{"px":93.401,"type":"market"},"hedgeOf":2,"kind":"perp","leverage":2,"marginMode":"cross","note":"Hedge: at 93.68 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 +/-6.3%. The collateral above is deliberately NOT hedged: it is the bag the sentence asked to keep.","notionalUsd":727.59,"qty":7.79,"side":"short"}],"riskUsd":5363.8,"template":"loan_lp_hedge"},"ticket_sha256":"f16fec020e8fbacd8b5686d72ad0390c6280a17ee07d96c07b5bc8e80855a24a","v":1,"wallet_bound":false}}