HYPE position

How Perplog accumulates HYPE from its fee revenue, why the team commits to it, and why the founder's live wallet balance is deliberately not rendered on this page.

The commitment

After infrastructure, founder cash draw (ratchet with MRR, $50k/mo hard ceiling), team salaries, and a 3–6 month runway buffer, every surplus dollar of fee revenue is periodically swapped from USDC to HYPE on the Hyperliquid spot market and staked on Hyperliquid. Run manually by the founder on a best-effort cadence — target every few weeks as revenue accumulates past the HL spot minimum. Ecosystem-aligned by design: the treasury holds the same asset as the community, and the staked HYPE earns the team the very same HL tier discount that users get.

Why no live balance here

An earlier design showed a live KPI of the wallet's staked / undelegated / spot HYPE. But the builder-fee receiver is quasareum.eth — the founder's primary on-chain identity, and the wallet he trades from personally (accumulating HYPE there is the whole point: the staking-tier discount applies to his own trading). Splitting "project" HYPE from "personal" HYPE would mean moving the stake to another wallet — which defeats the discount the accumulation exists to produce.

So the stake and the founder's personal position are the same position, same wallet, by architectural necessity. Serving a first-row readout that ties his public identity to a live balance is a personal-security exposure not warranted by the marginal transparency gain — the info is already on-chain for anyone who wants it. We don't obscure; we just don't voluntarily publish a targeting page.

How to verify independently

Everything needed to verify the commitment is on-chain — zero Perplog servers in the loop:

1 · Builder-code revenue inflows

The receiver wallet (quasareum.eth) gets fees daily via HL's builder-fills pipeline. Public CSV per day; aggregated on /stats/revenue.

2 · HYPE position of that wallet

Queryable via the Hyperliquid info endpoint — returns staked / undelegated / pending HYPE.

POST https://api.hyperliquid.xyz/info
{ "type": "delegatorSummary", "user": "0x42c137538bee9d7eca612b41a807b5fb7b863c20" }

3 · Cross-reference

Fee-revenue growth on /stats/revenue over a window should translate to commensurate HYPE growth on that wallet, minus infra / founder cash / salaries / reserve. Any sustained divergence is a red flag worth calling out publicly.

Rules the team commits to

Surplus always converts to HYPE eventually

We don't hoard USDC. "Best-effort cadence" means a few weeks, not a few years.

1-year lock from acquisition

HYPE acquired in a given month is locked for one year before any team member can unstake it for personal use.

Monthly unlock after the lock

Following the 1-year lock, unlocking is linear per month — no cliff, no bullet release.

Pre-announcement for any unstake

Unstaking for personal use is announced ≥30 days ahead, with the reason. No silent exits.

Related: the revenue dashboard — where the fee inflows that fund this accumulation are disclosed.