How the stack works
Every trade pays a fee
The fee is swapped to HYPE on Solana and moved to the treasury's account on Hyperliquid.
HYPE falls a band
The short takes profit on a slice. The USDC it frees buys spot HYPE, so the stack holds more HYPE.
HYPE rises a band
The stack adds a slice to the short. What the rise gave is locked in, and the next band waits above.
The rules
- Bands sit every 10% of HYPE's price.
- The short is 2x and covers between 30% and 70% of the stack. It starts at 50%.
- Profit is taken on the short, not by selling spot HYPE. Spot HYPE is sold only to fund the short's margin.
- The keeper checks the margin every minute, tops it up from spot HYPE, and cuts the short rather than wait for a liquidation.
- Every address and every action is public on this page.
The stack
Goes live at launch
MOOOAR
The first fees arrive after the first trades. From then on, this page updates every minute.
What this page will show
- HYPE in the stack, and its value in dollars
- Floor per token: treasury value divided by MOAR supply
- The hedge, the leverage and the distance to liquidation
- The next bands above and below HYPE's price
- Every action, each with its transaction
- Every address, on Solana and on Hyperliquid
Good to know
It is a memecoin
Nothing here promises a price or a return. The stack is a treasury anyone can check, not a claim anyone can redeem.
The stack can shrink
In a fast rally the keeper sells spot HYPE to fund the short's margin. The hedge holds the stack back when HYPE runs and cushions it when HYPE falls.
A keeper runs it
The treasury is run by a program with keys held by its operator, not by a smart contract. Its trading key cannot withdraw.