Guess what, last night I happened to look into the hlp issue while grinding XP on @defiapp. While grinding XP on @defiapp, I noticed that when opening contracts on this platform, the platform XP doesn’t accumulate much. Ended up earning some HL points... Settles every 48 hours. Checked the hl documentation, and apparently these points can be used to claim platform airdrops in the future. If you haven’t registered for HL yet, you can join here: https://app.hyperliquid.xyz/join/MAID Here’s a basic example of how HL works: Last night, HL’s funding rate for BTC was 10%, while Binance’s BTC funding rate was -1.43%. So, if you go long 1 BTC on Binance and short 1 BTC on HL (delta-neutral strategy), you can create a portfolio with an annualized return of 12.4%. This is basically the “risk-free” base rate for the deepest strategies in crypto. On top of that, this portfolio also earns HL points from Hyperliquid. And if you’re like me and participate via defiapp, you can triple-dip and earn home XP too. Just sharing a thought. I’m still exploring the optimal arbitrage paths.