The Hyperliquid Experiment

Why it surfaced

Its central mechanism is unusually clear: pump.fun creator rewards are claimed on a loop, split evenly between HYPE and wHYPE, and deposited into one pool that has no withdrawal path described. The page turns that mechanism into a compact argument about whether fees should remove supply or accumulate market depth.

A technical essay describing an on-chain liquidity experiment built around creator rewards, HYPE, wHYPE, and a Raydium pool that is designed to keep growing.