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$FIS On Hyperliquid: What's the Real Benefit for the Community?
Recorded: July 29, 2025 Duration: 0:39:21Space Recording
Short Summary
Starfire is gearing up for a potential listing on Hyperliquid, aiming to enhance liquidity and trading opportunities for its community. The Ex-Space AMA highlighted strategic partnerships and the importance of community engagement in driving growth and navigating the evolving crypto landscape.
Full Transcription
Thank you. Hello Alex, can you hear me clearly?
Hello everyone, is it clear for you to listen?
Hello? Yeah, yeah, yeah, I can hear you clearly, no worries.
Okay. Thank you. . We have so many listeners today.
I think that we will start in around one minute later, okay?
Yeah, okay. one minutes later okay yeah okay . Thank you. I think that we can start now.
Or maybe one minute.
One minute. Thank you. okay
Hey, Starfight family! Welcome to our today's special Ex-Space AMA. I'm Alice from Gen Z Vietnam Play
Crypto. Super excited to hang out with you all again and of course to be joined by Mr. Steven Nguyen from Starfire.
So what's on the agenda? We are diving into a hot topic.
What is the real benefit of listing fees on Hyperliquid?
And more importantly, what does it mean for you, the Starfire community?
Let's get into it.
OK, thank you Alex. Thanks everyone for joining to the AMA today.
And absolutely, so this is the big news.
So we are exploring the potential listing for fees
on hyperliquid.
So hyperliquid is one of the fastest growing decentralized
and out there.
And the big idea is that we have received so many discussions
on forums, on voting, and on our channel.
And today I will break it down and why this should be the major move for Starfire.
And not just for visibility, but for expanding fish alternatives and open new doors for the ecosystem.
Okay, let's kick things off with the basics because some of our listeners today may be hearing about it for the first time.
What exactly is hyperliquid, Stephen?
And more importantly, why is Starfire looking into this platform and what makes it so exciting for the FIS community? Okay, thank you Alex. So I think that this question is the most I hear a lot from our
communities. So for those who are unfamiliar, Hyperliquid is a high performance decentralized exchange built on layer one blockchain and blockchain is paid now and is used fully on chain
audibus. So everything is transparent, fast and optimized specialities for trading. It offers deep
liquidity, low latency and antithelium that gives a lot of life centralized same. But this is 100% on-chain. Now as Starfire continues to
expanding our cross-chain staking infrastructure, we actively looking at revenue, dash-mash our
permissionless and modular approach, and luckily Hyperliquid really align with that. We have a review for several potential listings based on these key points.
Firstly, it's trading infrastructure.
So Hyperliquid is purpose built for speed and scale.
So they allow to tap into ultrafast low-cost trading with a full on-chain orderbook.
Secondly is modular access. Thanks for their HIP1 and HIP framework.
HIP3 is just a different destination for those who doesn't know.
We can deploy native fishpoken, open spot trading, and even expand to permissionless preparation, which is full flexibility.
For the trader community, Hyperliquid is already a strong bio pro on-chain trader.
That is a great mark for fish because we want to reach capital efficiency users who care about performance and transparency.
And the final thing is this is early visibility.
So it's still a fast growing ecosystem and getting in early code with FISH a lot more and before the token list is too crowded.
So in short, Hyperliquid gives us the technical tools, the right user base,
and the real opportunity to grow FIS utility, FIS and liquidity,
which is why we are actively evaluating this direction.
Okay Stephen, let's bring everyone up to speed now.
What is the current status of the proposal to list fees on Hyperliquid?
Has the community started voting or is it still in the discussion phase?
Yeah, I thought now it's the voting time on OpenSWARE.
And we received several formal discussions on our DAO forum.
And the feedback is super strong.
Let me share with you the few highlighting from the communities.
So Ambassador is a pioneer.
He's a pioneer user community.
He said that this boosts its abilities and access for preparation focused users.
Very positive things, right?
And Nhi Nguyen, she said that this boosts our token and sub-dial products stay.
And T-PAS is somewhat perfectly, that is a curated ecosystem and early listing often stand out.
Yeah, and of course on our DAO forum we receive a lot.
And of course in our discussion topic, many users are given very good feedback.
If listing on hyperliquid is for example,
general, he said that listing fees is the benefit for
currencies by increasing its disposal, liquidity, and trading option.
And another guy's name,
Nikas, yeah, again, he said that this will,
we will gain more speccing, more DLA,
you get developer buildings and more fund investing.
So this is an example of two of these discussions that give very specific feedback if we
list based on hyper liquidity. And the good news, yeah, is the snapshot vote is already live.
And as of today, despite a column of 600,000 votes against zero again.
So this is a clear signal of strong support from the StarFi community.
Yeah, alright.
So for anyone curious about the process, how the listing actually works on Hyperliquid?
Is it similar to other decks or does it have any unique flow that projects like Starfire need to follow?
Okay, this is very good.
When we talk about listing fees on Hyperliquid,
it's actually involved in three modular components.
So this is called HIP.
HIP, what it stands for?
HIP is a hyperliquid improvement proposal.
So let me break down.
First is HIP number one.
This is all about token deployment and spot trading.
Two, a Dutch option will secure a gas slot to meet native version of fish on hyperliquid.
One is deployed, it will automatically open a spot trading pair with USDC.
And based on recent option, we will estimate the cost will be around 500 to 1000 HID.
HID is the token, hyper-deprecation, okay.
And depend on the on-demand at the time.
So next is HIP2.
This is the bucket making models.
So think of it like IMMMM but instead of a liquidity pool it will work directly on the
other book everything is fully on chain and customized so the cost will depend on
first is your what's in the show line price we set how many price level we want and the size of each order and how many
buy orders we want to see upfront basically this gives us a way to bootstrap the real
liquidity right from the start so and finally the hip trees this is a preposterous futures model so because
hip3 is the testnet so this is optional but super powerful
so if we want to fish sugar can be tradable
in the market so it's similar to how users trade on Binance by Bit. We can activate this model, but it will require a deposit of 1 million time.
It's a lot, right? 1 million.
So it's something that we evaluate carefully based on market demand and timing.
things that we evaluate carefully by our market demand and timing.
Okay, and here's the big one. The question everyone's thinking about.
What is it for the Starfight community if Fisk gets leased on hyperliquid?
And how do everyday holders actually benefit from this move?
from this move?
Yeah, yeah.
So what is the real benefit for the staff-like community
if we list the fees on hydroliquid?
So first is we can expand liquidity and better access.
So with hydro number two, we can tap into hyperliquid on-chain order for it.
Because it's fast, it's efficient and it will bring deep liquidity.
So that means tighter spread and better execution.
And it's supposed to a new way of daily trading high intent trader. Secondly is we can get more utilities because every trade on fish spot market can help generate protocol level fees.
These can be redirected back to the static down treasury and creating sustainable look that strengthen our fish token value over time.
And next is we can improve our price.
So because with active trading online, transparent on the book,
and price discovery become much more efficient.
So that's between for long-term market health and token
credibility. And because we can get scalable models for ecosystem tokens, the HIP number
one and HIP number two framework is just for FISC. It will give us a repeatable path for future shutdown and LSP token like our
shutdown project like chaos.gmo and details will help rebuild, reunify
liquidity and infrastructure across Starfight ecosystem.
And the cost-trendgies, and this listing perfectly from payment for Startup Growth into SVM and EVM and other modular networks.
It will reinforce our mission to bring lead quitstaking to every major chain with real liquidity we hire. liquidity is higher and of course it will have the early mover advantage and because hyperliquist
is still in the early stage with a curated token list by getting enough we can secure more visibility
stronger positioning and less competition something we might not have in wait.
So you can see there's so many benefits for the committee.
Okay, next slide.
Okay, that's all sound exciting.
But let's keep it real for a second.
Are there any risks or trade-offs we should be aware of with this listing, Stephen?
And what should the committee keep in mind before moving forward?
Okay, thank you, Alex.
And of course, there are also a few things that we need to be mindful.
First, it's cost uncertainties because launching on Hyperliquid isn't entirely free. The
HIP1-option and HIP2 setup and the liquidity for reasoning all require high token. And because the The action price is fluctuate, it can be tricky to estimate the exact budget in advance.
Second is limited focus on spot trading just for now.
It's a wide hyperliquid support spot market.
And the platform momentum is still very much driven by perpetuals and that means initial trading activities for
which might take a little time but not unless we actively engage with liquidity and usage.
And finally liquidity risk for Bitcoin token. So right now most of the trading volume on hyperliquid is concerned around major assets.
So for smaller and mid-cap tokens like this, it we've seen a few really good questions coming in on X.
Here is one of the best ones. Let's kick things off with the first one.
The first is the question on X from the user named Retardio. What strategic synergies exist between Starfight and Hyperliquid X and how does this
partnership benefit both communities in the long term? Is it simply just increased exposure or are
there any technical integrations or shared governance structure? Stephen?
Thank you Alex for picking this question.
I can see that Retadio is a very good user, very active user on Discord.
And honestly, the core staff is an algorithm, share modular and permission addition for the future of
JV. Starfair will build infrastructure that allows any project to create liquidity
staking solutions and hyperliquid enables project to launch and scale native tokens
and liquidity strategy from HIP1 and HIP2. That's where Synergy starts.
from HIP1 and HIP2 that's where Synergy starts. And from the strategic settings we can bring
stuff I can bring utility rich token, rich token, and future subtype token like KOHM into a growing trader cross ecosystem like Hyperliquid. And the other flip side Hyperliquid
can keep that by a highly composable on-chain trading volume with low latency and good liquidity
options and all without relying on traditional AMMs. So over long term, this will create a clear path for subDAO token
to launch natively on hyperliquid using the same HIP framework and a chance for a change
for shared liquidity and even co-incentivize programs like liquidity reward for down-to-down coordination.
And eventually, if governors open up for both sides, there's room for
government participants and join the same thing.
And so, yes, visibility is a plus.
But because we can line the raw work for the
digital capabilities and scalable token launch and ecosystem growth.
Okay, thank you for the answer for the first question.
So the second question is question is from the username
Fira. How will the fist listing on Hyperliquid X enhance liquidity and trading opportunities
for the Starfire community?
Okay, for these questions, for listing how to liquid open up the whole new liquidity layer for step 5 community.
First, by deploying through HIP1 and HIP2, we can create a native spot market for free tokens
that is fully on-chain, fast and gas efficiency.
And we're giving users a smoother and strength
centralized experience working day free.
Second, the heavy liquid engines like HIP2
will ensure there's automated fit asset securities.
And this means that
time to spread and better execution and more confidence for traders even in early phase of this thing.
And for long term, as a growing growth, active market maker and definitive trader on hyperliquid will get exposed into fees. This will increase the demand, disabilities
and ultimately help stabilize market for everyone, which is including existing holders.
So it's not just about more place to trade, but it's about higher quality trading, strong price discovery and better liquidity for
whole style of course stuff. Okay awesome insight Stephen, thank you. And now let's get hear from you
the community. We've got some great questions coming in from everyone attending live today so let's jump into them and what's on your
mind steven can you choose um one person please oh yeah yeah thank you uh hello everyone if you
are still hearing me and still in this uh uh stuff i am i just please raise your hand of course i can see you and i think can pick you okay
so many new and on the face uh let me choose one uh let me choose the guy's name tommy okay
uh tell me okay
okay to me uh i can see you uh raise can hear yeah hello to me where are you now uh can i ask my question
which city or which country is it india oh hello to Tommy from India. Nice to meet you. And what is your question today? Okay. What measures is Stafi taking to leverage hyperliquid cross-chain bridging capability
to enhance the interoperability of fish and R-token across ecosystem like Solana ethereum and polkadot and how will this impact fish holder
okay for this question this very good questions uh so
so uh do you uh do you really uh trading or stacking with the fish right now
uh really uh trading or stacking with the fish right now
sorry yeah i i can hear you uh so um so for these questions um let me see um for you i think that
for Starfight, you know that Starfight is already the multi-chains protocol and we support ecosystem
like Ethereum, BNB, Polygon and so on. And now with the potential listing on Hyperliquid,
exploring how it's 10, it's inter-personalities into new ways.
Why Hyperliquid itself is not a bridge,
but is a high speed like one that could
add liquidity hub for token like Fisk and future RR tokens.
So here's what we are thinking.
First, we can deploy native Fisk version.
This is just the plan. So we will deploy native fees version into
HIT1 while we are still keeping the visible version on the chain and that keeps the trader
using access to fees token liquidity no matter what chain they are on. Second is we are actually looking at a way to connect liquidity on hyperliquid and still link back to
our token economies and other chains so this means for fish holders so more liquidity across
network and great visibility in their free trading world and ultimately more
utilities and demand for this token and as it becomes part of broader and cross-trained
equity system yeah uh so my um so to me so my answer is it uh is it satisfied for you
yeah yeah thank you thank you so much okay
what i think that too many person is raising uh right now thank you to me for your questions
so i think that i choose another one his name another one
choose another one his name another one is
yappy okay let me see let me uh i will approve you okay uh gappy uh uh can you hear me clean
hello Kathy you're on mute
hello Gabby you are on mute hello hello good day hello Steven my name is Steven
uh hello steven my name is steven hello uh hello uh gabby where are you now
good day i think can you hear me
yeah yeah i can hear you now i can hear you i can yeah yeah i will please every small question to ask
yeah yeah every small question to ask okay so yeah please tell me your
questions okay how you stuffy educate and onboard his community to maximize
the benefit of trading and staking taking taking fees on i'm hyperliquefied additionally
uh okay okay thank you thank you so much uh for uh your questions i think that for these questions
um you already know that we have so many activities right now to educate communities about trading and everything.
And of course, for our technology as well, for our sub-dial because we have produced everything. to tell us what we are supposed to do and what we will do in the future for
speculators and we also creating the discussion questions on telegram about
what we are doing and we also create a quiz on telegram in at 7 p. 7pm on UTC.
And this will test and give community about what we are doing.
So I think that with those activities,
so the user will completely understand what we are doing
yeah and yeah and there's no and we are the permission list and and everything is
such as parents see so everything is transparent and this is the way we we
educate the community yeah so no worry about that so of course in the futures when we
uh when we this thing on hyper liquid everything we tell the communities uh
nothing okay so my answer is it uh is it uh satisfy you gabby
yeah yes yes yes that's the answer yes no problem
and please can also can also ask another question is open uh okay okay please tell me
uh okay and please um how will this partnership and how stores and adoption within the
within the broader defy community especially for ls aas users
yeah i think that's uh these questions is completely is on uh you can check out x
and uh and uh you can see that uh we do everything on uh uh about partnership and everything's um
uh we do on our so you can check it yeah because if i yeah yeah yeah thank you thank you thank you very much thank you very much okay so this is for another questions
uh for another users yeah okay i think uh first is
please raise your hand so I know that you are still live and you still listen to me
noodles okay noodles I can see you
noodles
okay okay noodles can you hear me really?
Hello, you are on mute.
I already invite you.
Hello, Noodles, you are on mute.
Alright, am i audible
okay i hear you clearly now uh so where are you from noodles all right
i'm from nigeria actually oh yeah nigeria okay noodles please tell me
all right so my question is,
with like hyperliquid known for speed and low latency,
will fish traders experience faster access
to staked assets movement,
or is that layer still separate?
Did you get that?
Yeah, can you repeat questions okay i cannot hear you clearly uh can you speak all right so
my question was with hyperliquid with hyperliquid known for speed and low latency will fist traders
experience faster access to stick asset movements or is that layer still separate did you get that yeah yeah i can get you uh so uh since
hybrid is known for speed and low latency will just take experience faster access
access uh or this will pack or handle separately from high liquid so uh here's how it works. High liquid is a super fast and low latency environment for trading,
but it doesn't change how the underlying stacker mechanics work on chains like Ethereum or Pogadon.
So stacking and unstacking of native assets like Ethereum still follow the rules of their respective
chains. What Hyperliquid improves is liquidity layer. So once you have a liquid stacking
token like Office or native liquidity, you can trade them instantly with fast execution and low gas on hyperliquid. So hyperliquid is a faster trading
of already liquid tokens. Unstaking is a means that's still handled by underlying staking chains.
But for long term, as we launch more LSE and subdown, so we see Hyperliquist becoming a core piece of the real-time creative loops, especially for our token.
So does my question satisfy you, Noodles?
Yes, it does.
Thank you, Noodles. yeah thank you noodles okay uh uh alex i think that's his own questions from our committees
yeah so we might close now yeah so thank you so much steven and also tommy Noodle and Gabby. And a big shout out to everyone who tuned in today.
Always amazing to see the Starfight family show up again.
Thank you everyone for joining AMA today.
And thank you Alice.
This is a potential.
This thing is just not about dating.
It's really standing Starfighters across their feet. The not softball is live right now so your voice is really mental
so jump into the forum share your talk and let's share the next chapter office together
okay thank you everyone okay goodbye Thank you.
