CEO @sonic_strategy | Connecting tradfi & crypto $S $SYN
Vancouver, British Columbia
Joined January 2016
- Tweets774
- Following427
- Followers762
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Dustin Zinger retweeted
Hypercall is one of the protocols I’m most bullish on and @trajan0x is a big part of why. Great having him on Hivemind this week
A new episode of Hivemind is out now!
This week Hypercall founder @trajan0x joins the team to discuss what the Anthropic IPO means for markets, how cyberattacks are exposing the internet’s weak points, and whether onchain options can finally break out.
Timestamps
00:00 Intro
00:45 Patience Is a Position
03:49 Chop Until the Midterms
09:33 Can Efficiency Crush the Neoclouds?
13:10 What if Compute Gets 10x Cheaper?
17:09 Is the Internet Broken?
23:20 Could You Cash Out Satoshi’s Coins?
27:16 Is Quantum Theft Really Consensus?
35:31 What Led Synapse to Options?
42:54 What Onchain Options Do Better
46:41 Who Wins Options Distribution?
51:31 Credit Is the Next Frontier
55:09 Would You Buy the Anthropic IPO?
57:36 The Biggest Liquidity Drain in History?
58:35 Why Early Stage Venture Looks Best
1:03:22 Elon Comes for the Neoclouds
1:07:32 SpaceX and the Kessler Syndrome
1:08:53 What Are You Underexposed To?
Dustin Zinger retweeted
This is so bullish ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 and Hypercall, Druck taking a stance on Hyperliquid 24/7 hour markets specifically on equities and @tradexyz products.
Hypercall offers options on these perps 24/7, ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 is the options layer for hyperliquid:native and great exposure to this trend.
Hypercall did 13% of tradeXYZ's weekly volume the last week of September, as liquidity expands they will probably be the largest source of volume for tradeXYZ perp products via hedging flows... Read the article below to understand this in depth.
Stanley Druckenmiller is investing in trade[xyz] as it partners with ICE, owner of the NYSE, to bring 24/7 Hyperliquid perps to the U.S.
Perps came first. Options come next.
Hypercall is built on Hyperliquid, now in Mainnet Alpha.
$SYN $HYPE $SONI.CN $SONIF
Hypercall is bringing vaults to Hyperliquid.
First up: SLP, a market-making vault, and single-stock covered call vaults.
Anyone can back a strategy and see every trade.
Derivatives are moving on-chain. Options are next.
$SYN $SONI.CN $SONIF
Dustin Zinger retweeted
Wow SLP and this vault ecosystem should really help Hypercall build out more liquidity and organic vol selling to accommodate incoming traders (typically vol buyers purchasing calls / puts)
Excited to see progress here for ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 , we’ve seen this mechanic work very well to bootstrap liquidity for platforms like dydx-chain:native gmx:native and hyperliquid:native with HLP.
Covered call vaults are coming to Hypercall.
Stocks came to Hyperliquid as perps first. Open interest on trade[xyz] went from $372M in January to $3.89B.
Options are next, and vaults make them simple to use. Hypercall is in Mainnet Alpha.
$SYN $SONI.CN $SONIF
Over $40B has traded on one on-chain options exchange so far, per Celestia.
Proof the demand is real.
Hypercall brings options to Hyperliquid, where option sellers can hedge with perps in the same place.
Options are next.
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On-chain options did $4.9B in 30 days.
On-chain perps did $627B.
Under 1%.
In traditional markets, options trade about 3x futures.
Option sellers hedge with perps. That's why @SynapseProtocol built Hypercall on Hyperliquid.
Options are next.
$SYN $SONI.CN $SONIF
Big options trades need a fair way to get priced.
Hypercall's RFQ V2 is live: market makers compete to quote, up to 10 legs fill as one trade, all or nothing.
That's how desks trade options today. Now it's on-chain.
$SYN $SONI.CN $SONIF
RFQ V2 is live on Hypercall: better fills on size.
Makers compete to price your package. Up to 10 legs fill as one trade, so no legging risk. Stay anonymous, so makers price the trade, not the wallet. Sweep the best quotes across makers in one go: all fill or none.
xitter.gq/SynapseProtocol/status…
Options people are now talking about on-chain options.
@trajan0x joined @Options to walk through Hypercall: 24/7 options, settled on Hyperliquid.
Worth a listen.
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Jake Sylvestre of @SynapseProtocol joins us to explore Hypercall, 24/7 options on Hyperliquid and the future of on-chain trading. Plus Bitcoin, Ethereum, HYPE & more on "The Crypto Rundown 243: Are you Hyped to Trade Nvidia Options on HYPE?"
Listen to this episode on your favorite podcast platform including YouTube: youtu.be/_N960VT8Vfc
And subscribe to the full Options Insider Radio Network on your favorite podcast platform:
🍎Apple: dms0xc.s.gy/mC77lX
🎧Spotify: dms0xc.s.gy/eBVJH2
Dustin Zinger retweeted
You asked, we listened: solo mining is live on LuxxPool!
Find a block solo and receive 99% of the block rewards, or choose PPLNS and share in pool finds.
Winter’s coming—fire up the miner and tell the family the heat is a feature. 🔥
Great for a Hammer Miner DC-series or solo Scrypt miners.
Sign up and connect: luxxpool.luxxlabs.ca/
$LUXX $LUXFF litecoin:native $DOGE
Promised, then done. 5.9M unclaimed airdrop $S burned onchain Oct 15, and the transactions are public for anyone to check.
Proud to run validators on Sonic.
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5.9M S burned! 🔥
As previously communicated, unclaimed tokens from the Sonic airdrop were scheduled to be burned.
On October 15, the burn was triggered permissionlessly onchain, permanently removing 5.9M S from circulation.
Transaction hashes:
sonicscan.org/tx/0xf2c8634f7…
sonicscan.org/tx/0x4b335d2f4…
Hypercall portfolio margin is live on Hyperliquid (API first).
Options and hedges in one account, margined together. That's how pros trade.
$SYN $SONI.CN $SONIF
good article - but Hypercall spot PM is live
Api only for now.
Loans are also possible today via box spreads
Two other PM categories I'd add:
predictions/binaries/outcomes: We'll support this via HIP-4 insights.hypercall.xyz/hip4-… but am sure others will add as well.
These are essentially just spreads so they improve cap efficiency
Vega hedges - so this is a class no one supports yet (outside of deribit) but @volmexfinance has BVIV live on HL today.
You can use these in SPAN to reduce risk under certain scenarios docs.hypercall.xyz/docs/refe…
This is a thing on Deribit w/ DVOL although not used too much - but you can imagine it being useful for portfolio shocks (e.g. for sp500 and vix as well)
Dustin Zinger retweeted
ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 is the hyperliquid:native aligned options protocol.
All hedging flow from options sold on Hypercall take place on Hyperliquid
CoinDesk on Hypercall: $640M in options traded since June.
Over 80% of it was S&P 500 options.
Market makers hedge those trades on Hyperliquid perps.
Options flow becomes perp volume. That's why we hold $SYN.
@SynapseProtocol $SONI.CN $SONIF
coindesk.com/markets/2026/10…
On-chain options were 0.2% of on-chain perp volume in 2025 (@OAK_Res).
In September they were approaching 1% (@PinkBrains_io).
Small base. Fast climb.
That's the shift we're positioned for with $SYN. $SONI.CN $SONIF
It's Sunday. Wall Street is closed.
More than half of tokenized U.S. stock trading happens right now, outside market hours.
People want markets that never close. Stocks went first. Options are next. That's why we hold $SYN.
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🚨HUGE: The IMF says more than HALF of tokenized stock trading happens outside US market hours.
The IMF’s latest Global Financial Stability Report studied the five most liquid tokenized US equities, including Tesla, Nvidia and Google.
About 80% of trades were for less than one share.
But tokenized stocks showed about 1.5 times the volatility of their traditional versions, and were considerably less liquid.
Tokenized stocks remain small at about $2.3 BILLION, while the wider tokenized real-world asset market is about $65 BILLION.
Closed. 11.25M shares issued, paid entirely in ~7.92M $SYN.
Perps came on-chain first. Options are next.
We intend to own a piece of the rails. $SONI.CN $SONIF
SonicStrategy (CSE: SONI) has closed the $2.25M SYN token tranche of our private placement.
11.25M shares issued at $0.20, paid entirely in kind with ~7.92M SYN tokens, strengthening our digital asset treasury and our exposure to on-chain finance, including Hypercall options.
sonicstrategy.io/news/sonics…
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Dustin Zinger retweeted
this is the confirmation i was waiting for
hyperliquid:native wants native options. @SynapseProtocol has already built it
when hyperliquid becomes the dominant venue for onchain derivatives, ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 has the top seat at the table
🇸🇬 DAS: Hyperliquid founder @chameleon_jeff says at @blockworksDAS that options are the obvious next piece for the platform, so traders can hedge them against spot and perps on the same order books.
