zeitmine

my conviction on @Kinetiq_xyz is purely a bet on @0xOmnia and the team delivering a pristine experience with @Enter_Elysium. the progress so far is quite satisfying. there's a wave of protocols steering the ship towards the ecosystem. no big protocols yet, but I feel that's the beauty of it. maybe a bit weird, but if we're looking into mythology, Elysium is the place of absolute peace, free from the struggles of the normal world. besides the struggles of HyperEVM that the Kinetiq team fixes with the launch of Elysium, there's another important aspect that I think will make sense in the grand scheme of things. any chain that launches goes through these phases of cannibalization and economic parasitism. all the protocols launching in that specific ecosystem have a single motivation: compete for users and liquidity, rise to the top and create the most value for your token. there's nothing wrong with this per se, but it is why PvE turns into PvP so quickly, as the resources on any chain will eventually become finite. let's not even touch on the vast number of L2s which give crumbs back to the actual L1 as they achieve structural decoupling. Elysium seems to be designed around the exact opposite idea. instead of creating another sovereign economy that slowly decouples from the layer underneath it, its success is still structurally tied to the success of Hyperliquid. $HYPE remains the native gas asset. applications on Elysium are meant to interact with HyperCore liquidity rather than recreate it somewhere else. more activity on Elysium can therefore translate into more market making, arbitrage, hedging and ultimately more volume flowing through HyperCore. the L2 doesn't need Hyperliquid to lose for Elysium to win. quite the opposite. if Elysium becomes a better execution environment for applications that simply cannot operate efficiently on HyperEVM today, it expands the surface area of what can be built around Hyperliquid while keeping the economic gravity centred around the same ecosystem. and this simple reflexivity is also reaching other builders, the ones which are not trying to compete purely in their own interest on Elysium, but actually the ones giving back to the Elysium ecosystem and the Kinetiq community. it's through protocols like @AscendLaunch, @NestExchange or @MontraXYZ, which have already announced that they will use part of their fees to buy back kinetiq:native tokens and burn them, in a similar process to what the Hyperliquid Foundation is doing. and imagine if you get 10-20 protocols doing the same, working together to push the chain further. what will this attract in the end? a stronger community, more activity, more interest from developers, making Elysium a more attractive place to launch your protocol and work together to build something great. simply put, a high-throughput utopian world. i strongly believe we are about to see a new standard being set for how any ecosystem should operate and how the force and alignment of the builders inside the ecosystem can create a halo effect. e/acc