On the evening of the 14th, a video posted by Hyperunit core member shoku on Twitter caused a significant stir, attracting over 250,000 views within five hours. Even Hyperliquid founder Jeff personally retweeted and praised the product. However, the official Hyperunit Twitter account currently has only 3,753 followers, and there has not been much attention from the Chinese community, suggesting that the project may still be in its early stages. Hyperunit serves as the deposit and withdrawal infrastructure for Hyperliquid, allowing users to deposit or withdraw BTC, with ETH and SOL set to be available soon.
No financing background; the team comes from high-frequency quantitative firms or is acquainted with Hyperliquid’s founder.
The core team hails from high-frequency quantitative firms such as HRT, Jump, Fortress, and IDF. This suggests that the team may already know Hyperliquid founder Jeff, who also comes from HRT. Additionally, like Hyper, the Hyperunit team has no external investments.
Core member shoku has also been disclosed as an investor in Ethena, Berachain, Shogun, Monad, and Munchables.
The Hyperunit core consists of a multi-signature key structure.
The core of Hyperunit is composed of a 2 of 3 multi-signature key structure, with the three keys controlled by Hyperunit, Hyperliquid, and Infinitefield. This means that no single entity can act maliciously on its own.
In terms of BTC deposits, users can deposit BTC into a designated multi-signature wallet on the Bitcoin mainnet. Once the funds are credited, Hyperunit will transfer BTC to the connected Hyperliquid address. During withdrawals, Hyperunit will generate an address linked to the user’s account. The withdrawal amount is sent to this address, after which the funds can be received on the Bitcoin mainnet.
What will the positioning of Unit be after the launch of HyperEVM?
However, at this stage of the MVP (Minimum Viable Product), a potential drawback for Hyperunit is its support for only native asset chains. For instance, Bitcoin on the Bitcoin mainnet and Ether on the Ethereum mainnet. However, this issue is expected to improve rapidly with product iterations.
Additionally, there is a positioning problem. Once HyperEVM is launched, it can be anticipated that there will be many WRAPPED or LSD tokens, with at least solvBTC confirmed to land on HyperEVM. With so many native assets going live, what will Hyperunit’s positioning be? This question is worth exploring.
Risk Warning
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