CEO @sonic_strategy | Connecting tradfi & crypto $S $SYN
Vancouver, British Columbia
Joined January 2016
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Hypercall is bringing vaults to Hyperliquid.
First up: SLP, a market-making vault, and single-stock covered call vaults.
Anyone can back a strategy and see every trade.
Derivatives are moving on-chain. Options are next.
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Dustin Zinger retweeted
Wow SLP and this vault ecosystem should really help Hypercall build out more liquidity and organic vol selling to accommodate incoming traders (typically vol buyers purchasing calls / puts)
Excited to see progress here for ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 , we’ve seen this mechanic work very well to bootstrap liquidity for platforms like dydx-chain:native gmx:native and hyperliquid:native with HLP.
Covered call vaults are coming to Hypercall.
Stocks came to Hyperliquid as perps first. Open interest on trade[xyz] went from $372M in January to $3.89B.
Options are next, and vaults make them simple to use. Hypercall is in Mainnet Alpha.
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Over $40B has traded on one on-chain options exchange so far, per Celestia.
Proof the demand is real.
Hypercall brings options to Hyperliquid, where option sellers can hedge with perps in the same place.
Options are next.
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On-chain options did $4.9B in 30 days.
On-chain perps did $627B.
Under 1%.
In traditional markets, options trade about 3x futures.
Option sellers hedge with perps. That's why @SynapseProtocol built Hypercall on Hyperliquid.
Options are next.
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Big options trades need a fair way to get priced.
Hypercall's RFQ V2 is live: market makers compete to quote, up to 10 legs fill as one trade, all or nothing.
That's how desks trade options today. Now it's on-chain.
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RFQ V2 is live on Hypercall: better fills on size.
Makers compete to price your package. Up to 10 legs fill as one trade, so no legging risk. Stay anonymous, so makers price the trade, not the wallet. Sweep the best quotes across makers in one go: all fill or none.
nitter.gq/SynapseProtocol/status…
Options people are now talking about on-chain options.
@trajan0x joined @Options to walk through Hypercall: 24/7 options, settled on Hyperliquid.
Worth a listen.
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Jake Sylvestre of @SynapseProtocol joins us to explore Hypercall, 24/7 options on Hyperliquid and the future of on-chain trading. Plus Bitcoin, Ethereum, HYPE & more on "The Crypto Rundown 243: Are you Hyped to Trade Nvidia Options on HYPE?"
Listen to this episode on your favorite podcast platform including YouTube: youtu.be/_N960VT8Vfc
And subscribe to the full Options Insider Radio Network on your favorite podcast platform:
🍎Apple: dms0xc.s.gy/mC77lX
🎧Spotify: dms0xc.s.gy/eBVJH2
Dustin Zinger retweeted
You asked, we listened: solo mining is live on LuxxPool!
Find a block solo and receive 99% of the block rewards, or choose PPLNS and share in pool finds.
Winter’s coming—fire up the miner and tell the family the heat is a feature. 🔥
Great for a Hammer Miner DC-series or solo Scrypt miners.
Sign up and connect: luxxpool.luxxlabs.ca/
$LUXX $LUXFF litecoin:native $DOGE
Promised, then done. 5.9M unclaimed airdrop $S burned onchain Oct 15, and the transactions are public for anyone to check.
Proud to run validators on Sonic.
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5.9M S burned! 🔥
As previously communicated, unclaimed tokens from the Sonic airdrop were scheduled to be burned.
On October 15, the burn was triggered permissionlessly onchain, permanently removing 5.9M S from circulation.
Transaction hashes:
sonicscan.org/tx/0xf2c8634f7…
sonicscan.org/tx/0x4b335d2f4…
Hypercall portfolio margin is live on Hyperliquid (API first).
Options and hedges in one account, margined together. That's how pros trade.
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good article - but Hypercall spot PM is live
Api only for now.
Loans are also possible today via box spreads
Two other PM categories I'd add:
predictions/binaries/outcomes: We'll support this via HIP-4 insights.hypercall.xyz/hip4-… but am sure others will add as well.
These are essentially just spreads so they improve cap efficiency
Vega hedges - so this is a class no one supports yet (outside of deribit) but @volmexfinance has BVIV live on HL today.
You can use these in SPAN to reduce risk under certain scenarios docs.hypercall.xyz/docs/refe…
This is a thing on Deribit w/ DVOL although not used too much - but you can imagine it being useful for portfolio shocks (e.g. for sp500 and vix as well)
Dustin Zinger retweeted
ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 is the hyperliquid:native aligned options protocol.
All hedging flow from options sold on Hypercall take place on Hyperliquid
CoinDesk on Hypercall: $640M in options traded since June.
Over 80% of it was S&P 500 options.
Market makers hedge those trades on Hyperliquid perps.
Options flow becomes perp volume. That's why we hold $SYN.
@SynapseProtocol $SONI.CN $SONIF
coindesk.com/markets/2026/10…
On-chain options were 0.2% of on-chain perp volume in 2025 (@OAK_Res).
In September they were approaching 1% (@PinkBrains_io).
Small base. Fast climb.
That's the shift we're positioned for with $SYN. $SONI.CN $SONIF
It's Sunday. Wall Street is closed.
More than half of tokenized U.S. stock trading happens right now, outside market hours.
People want markets that never close. Stocks went first. Options are next. That's why we hold $SYN.
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🚨HUGE: The IMF says more than HALF of tokenized stock trading happens outside US market hours.
The IMF’s latest Global Financial Stability Report studied the five most liquid tokenized US equities, including Tesla, Nvidia and Google.
About 80% of trades were for less than one share.
But tokenized stocks showed about 1.5 times the volatility of their traditional versions, and were considerably less liquid.
Tokenized stocks remain small at about $2.3 BILLION, while the wider tokenized real-world asset market is about $65 BILLION.
Closed. 11.25M shares issued, paid entirely in ~7.92M $SYN.
Perps came on-chain first. Options are next.
We intend to own a piece of the rails. $SONI.CN $SONIF
SonicStrategy (CSE: SONI) has closed the $2.25M SYN token tranche of our private placement.
11.25M shares issued at $0.20, paid entirely in kind with ~7.92M SYN tokens, strengthening our digital asset treasury and our exposure to on-chain finance, including Hypercall options.
sonicstrategy.io/news/sonics…
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Dustin Zinger retweeted
this is the confirmation i was waiting for
hyperliquid:native wants native options. @SynapseProtocol has already built it
when hyperliquid becomes the dominant venue for onchain derivatives, ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 has the top seat at the table
🇸🇬 DAS: Hyperliquid founder @chameleon_jeff says at @blockworksDAS that options are the obvious next piece for the platform, so traders can hedge them against spot and perps on the same order books.
Dustin Zinger retweeted
Jeff was asked: if you couldn't work on Hyperliquid's infra anymore and had to build on top of it, what would you build?
He said options.
We did 🫡
Hypercall is live. BTC, ETH, S&P 500 and more, quoted by real makers, hedged on HL.
Here's what that looks like 🧵
Dustin Zinger retweeted
We plan to fast-track LTC and DOGE options on Hyperliquid.
The first proposed program is with @Luxxfolio, a Litecoin-first miner that would sell covered calls on part of its LTC and DOGE treasury. 🧵