A look at hyperliquid and HUSD plates from another perspective At present, USDC is a vampire in the Hyperliquid ecosystem, siphoning more than $100 million in revenue to Circle every year. This money should have stayed on the chain, but now it is in the pockets of traditional financial institutions. Think about it, if Hyperliquid were to grow 10 times in size, that would be an outflow of $1 billion a year. According to the Panxue method of Sichuan pepper, "pinch the head and remove the tail, and run water in the middle", although this water is the user's water, it will be better if the source is provided by me HUSD's design is clever in two points: 1) converting stablecoin interest into HYPE buying pressure, and 2) realizing ecological internal circulation through Builder Code. The former solves the problem of value capture, and the latter solves the problem of value distribution. Simple calculations: A rebate budget of 100 HUSD can support a trading volume of $100,000. This means that early-stage projects can acquire users at a fraction of the cost, while still maintaining fee income. This kind of unit economy is simply not possible in a traditional DEX. So @ZKSgu what do you think?