On the evening of the 14th, a tweet by Hyperunit core member shoku caused a huge response, attracting over 250,000 views in just five hours. Even Hyperliquid founder Jeff personally retweeted and praised the product. However, the official Hyperunit Twitter account currently has only 3,753 followers, and not much Chinese attention has been seen, suggesting the project is still in its early stages. Hyperunit is the deposit and withdrawal infrastructure of Hyperliquid, and now you can deposit or withdraw BTC through Hyperunit, and ETH, SOL will soon be opened.
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ToggleNo financing background, the team comes from high-frequency quantitative companies or is familiar with the Hyperliquid founder
The core team comes from high-frequency quantitative companies such as HRT, Jump, Fortress and IDF. From this, it can be inferred that the team may have known the Hyperliquid founder Jeff himself, as Jeff also came from HRT. And like Hyper, the Hyperunit team has no external investment.
The disclosed core member shoku is also an investor in Ethena, Berachain, Shogun, Monad, and Munchables.
Hyperunit's core is composed of multi-signature keys
The Hyperunit core is composed of a 2 of 3 multi-signature key, with the three keys controlled by Hyperunit, Hyperliquid and Infinitefield respectively, which means that a single entity cannot act maliciously alone.
For BTC deposits, BTC will be sent to the designated multi-signature wallet on the BTC mainnet. After the deposit is received, Hyperunit will send the BTC to the connected Hyperliquid address. For withdrawals, Hyperunit will generate an address bound to the user's account. The withdrawal amount will be sent to that address, and then the funds can be received on the BTC mainnet.
What is the positioning of Unit after the launch of HyperEVM?
However, in the current MVP (Minimum Viable Product) stage, the shortcoming of Hyperunit may be that it only supports native asset chains. For example, BTC on the BTC mainnet and ETH on the ETH mainnet, but this is expected to be quickly improved in product iterations.
Another issue is the positioning. When HyperEVM goes live, there will likely be many WRAPPED or LSD tokens, and at least solvBTC has been confirmed to land on HyperEVM. After so many native assets are launched, what will be the positioning of Hyperunit? This is a question worth exploring.
Risk Warning
Cryptocurrency investment is highly risky, and its price may fluctuate violently, and you may lose your entire principal. Please carefully evaluate the risks.
