Super excited for the @ventuals team to be joining @phantom! Open markets will inevitably reshape how people around the world access and participate in financial markets We’ve long admired the Phantom team for building one of the world’s best consumer finance products - used by millions globally. As we’ve gotten to know the team, it became clear that no one is better positioned to help bring that future to life We couldn’t be more excited to join them and help define the next generation of finance 💜

Proud to share that the @Ventuals team is joining Phantom: @AlvinHsia, @EmHsia, and Aris Samad start with us this week. I’ve been following their work for a long time, and am so excited to work alongside them at Phantom.

Thrilled to share that Ventuals is joining Phantom! We started Ventuals with one simple belief: perps are still early, and global, open, 24/7 markets will be central to how people trade, invest, and move value. As we got to know the team, it became obvious that Phantom is the company to take this future mainstream. Phantom is trusted by millions of people globally and has been Hyperliquid’s largest distribution partner to date. The team is clearly obsessed with creating a world-class user experience, and has the ambition to build a truly generational consumer finance brand. We couldn’t be more excited to get to work.

Thank you to all ~5,500 traders who have participated in the SPACEX market since its launch 7 months ago. For the first time ever, exposure to private companies was open to anyone – some traders entered their positions at a SpaceX valuation of just ~$440 billion.

fintwit will have no idea what hit them first they saw that we're trading oil on the weekends now they see that we're longing anthropic and openAI on perps on 3x leverage who do i tag to make this blow up? @vladtenev

WHEAT is now live for trading at 10x max leverage. WHEAT tracks the value of 1 bushel of Chicago Soft Red Winter (SRW) wheat. Chicago SRW wheat is the most actively traded wheat benchmark globally and is widely used as a reference price across international grain markets.

PSA on vHYPE when the withdrawal queue is processed tomorrow, the vHYPE staking vault will reach the 500k minimum HYPE required to operate an HIP-3 deployment this means that further withdrawals are paused until the stake goes back above the 500k HYPE minimum the withdrawal pause is by design to avoid trader disruption on the markets on Ventuals that are already live, and was acknowledged by those who deposited into vHYPE via our UI (two explicit confirmation steps) and in our docs as a reminder, the HYPE you deposit into vHYPE is always owned by you through audited smart contracts, and you earn native staking yield + Ventuals points with multipliers however — we know this isn’t ideal for those who need immediate liquidity on their HYPE so we are taking 2 steps to address this: 1. we are working with private LPs to increase the HYPE stake. more details to be shared on this later 2. in the meantime, there are secondary pools where you can swap vHYPE and HYPE instantly, where users are already arbing price discounts starting this week, Ventuals and our partners will provide a backstop at a 0.85:1 vHYPE to HYPE ratio, through the main secondary liquidity pools, effectively acting as a price floor this means if you need immediate liquidity, you will be guaranteed to be able to exit vHYPE at a max 15% discount as the first community-owned HIP-3 stake, we expected some potential bumps in the road. thank you to all of our depositors and traders, and we promise that we’re working hard to resolve things fairly for everyone involved

"Hyperliquid." This episode features a wide ranging conversation between our own @fintechfrank and @alvinhsia, CEO of Ventuals. They discuss the future of onchain markets and traditional finance, the emergent Hyperliquid ecosystem, and how every market's structure is changing.

OpenAI trades at $1.02T and Anthropic at $530B, both at a 40% premium to their last round on Ventuals perps. It’s a speculative market with fairly high volume that doesn’t actually own the asset. Cool concept (with many issues) but a way to get exposure to private assets.