The $1.5B elephant in the room... I think people have forgotten that 4% of HYPE was never claimed for the initial airdrop and "will be moved to future emissions and community rewards." At the current FDV (~$38.5B) that 4% alone is worth ~$1.54B The points page still hasn't disappeared from the HL frontend either If they wanted to kill airdrop speculation that would of been removed So how do you position for this? Hyperliquid has consistently rewarded new feature adoption - Earliest adopters got "easy points" for pushing volume and depositing into the HLP vault - When spot launched = crazy points for spot trading - When PURR memecoin dropped = points for holding and accumulating it Pattern is clear: try new features/products Main things to focus on since TGE: 1/ HIP-3 (most important) - first time ever you can trade TradFi assets 24/7 with actual liquidity on-chain Gold, Nasdaq-100, S&P500, individual stocks, all tradeable without selling crypto and triggering taxable events TradeXYZ is the biggest HIP-3 deployer by volume, already secured their ticker (UNIT), and has first mover advantage as a builder GOLD specifically has no growth mode = you pay more fees but volume contribution (the "weight" or "value" of your volume) is higher With growth mode on you pay 90% less fees but volume contribution is reduced 90% So 1M volume without growth mode = 10M with growth mode in terms of contribution Same fees paid but requires less time Like with everything Perp DEX related were assuming fees paid will be proportional / semi linear to future airdrop value/ "invisible" points earned Going delta neutral GOLD on HL (TradeXYZ) while having an opposite position on your Perp DEX of choice (ideally tokenless + your bullish on + there is a price arbitrage or opposing funding rates) works well/ kinda farming for "free" But it's not mandatory 2/ HyperEVM - hasn't really popped off yet (and it might never) but you should have some form of footprint or already have one from that season / meta, if you don't already not really worth going aggressive at this stage imo If you have zero footprint, LPing on ProjectX on a HYPE/Stablecoin pair with a reasonably large LP range (+- 20%) is a good way to build a footprint + have HYPE exposure (if that's something you want) + earn 40%-70% APR with relatively low maintenance and management (due to the larger LP range) 3/ Portfolio Margin (PM) - recently deployed, still in alpha Lets you trade any market using BTC or HYPE as collateral, just turn on PM in settings and borrow against your assets to trade Keep health factor safe to avoid liquidation 4/ MM bot automation via TreadFi for side wallet(s) to push volume through TradeXYZ/HL After connecting your Hyperliquid/ DEX account go to Bots --> Market maker bot --> pick your HL wallet/ account Under 'pair' pick XYZ, choose a Preset --> Global presets --> calm market preset which will select the following in your bots settings: Grid +2 • Reset 0.25% • SL 10% • Passive ~30 min Default leverage will be 20x so make sure you adjust accordingly Total run time will be based on your total volume /margin used You can play around with the presets or bots settings as this is likely not the most optimal setting But the goal is to make this as passive as possible and I do think TreadFi points will be valuable in the future/worth getting as the cherry on top TreadFi points also ends in ~3 weeks (May 13th) TLDR the signs are obvious and you should have some sort of positioning for this - Have min 1 wallet on TreadFi to push easy volume + TreadFi points - Have 1 other wallet using new HL features That's all there is to it(Insightful)