MemCast
MemCast / episode / insight
#ai-hype4#buybacks2#compute-economics5#stablecoin5
HYPE token is used for fee discounts, governance, and buy‑backs rather than as a primary medium of exchange
  • Holding and staking HYPE lowers a trader’s fee rate, providing a direct economic benefit.
  • Governance proposals are voted on by HYPE holders, giving the community a voice in protocol upgrades.
  • A portion of exchange fees is allocated to buy‑back and burn HYPE, aligning token scarcity with platform revenue.
  • Jeff emphasizes that “you can’t really build for money,” positioning HYPE as a tool, not a speculative asset.
JeffBell Curve01:03:14

Supporting quotes

Quote
01:03:14
“You can't really build for money. It's just not actionable.” — Jeff
Quote
01:04:46
“We do have an exchange generating a ton of fees so we're going to do buybacks.” — Jeff

From this concept

Token Economics: HYPE vs Stablecoins and Buybacks

Hyperliquid prioritises USDC as the primary trading pair while the HYPE token serves as a utility for fee discounts, governance, and buy-back funding. The token is not positioned as a money-like asset; instead it underpins network incentives and aligns stakeholder interests.

View full episode →

Similar insights

“API model remains durable despite agentic AI”

Dario AmodeiDwarkesh Patel

“Token value varies enormously by use case”

Dario AmodeiDwarkesh Patel

“Industry equilibrium balances training and inference”

Dario AmodeiDwarkesh Patel