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The most-traded instrument in the world comes on-chain.
Trade options on Hypercall.
hypercall.xyz
Small premium. Big exposure.
Today a trader's SNDK put on Hypercall closed $1,128.39 in profit on a $70.59 cost basis.
The power of buying options: asymmetric returns, with loss capped at your premium + fees.
We're recommending community members remove any on-chain liquidity for ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 while incident response is ongoing
Binance will cover all losses.
As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.
We are working around the clock and will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.
Hypercall (by $SYN) retweeted
it feels like all of the pieces are falling into place
on-chain options are coming
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?
Managed vaults are coming to Hypercall.
A vault lets you put money behind someone who sells options on Hyperliquid for a living, and see every trade they make. We're building them because the easy yield on Hyperliquid has dried up.
You shouldn't have to trust the trader. The vault's books live in the exchange engine, so they can't mark their own positions or move your money.
Every fill has to land near the engine's mark, and each vault has a mandate the exchange enforces. Everything is public.
The first two vaults are SLP, a market making vault for options, and single-stock covered call vaults on xStocks like NVDA.
More on both tomorrow.
xitter.gq/SynapseProtocol/status…
Hypercall (by $SYN) retweeted
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
Next: what if someone ran this for you, and you could see every trade they made?
More tomorrow.
blog.hypercall.xyz/physicall…
Yield first. Covered calls are coming to Hypercall.
Pick a strike and expiry, makers bid, and you get paid in USDC up front. Above your strike at expiry, you sell at that price. Otherwise you keep it.














