Welcome back to another edition of the ValiDAO Digest!

Each week, we update our dear readers with all the major developments happening within the ecosystems where we operate, provided by your very own local, organic, seed-oil-free validator.

Hyperliquid

Hyperliquid has adjusted its margin design after a $4M loss in the HLP vault, caused by a user with a massive long position withdrawing (more details below).

As a result, a 20% margin ratio is now required when removing or withdrawing unrealized PNL on open positions.

On another note, it has been exactly one month since spot BTC went live, with over 720 BTC ($61M) bridged so far, generating $30M–$50M in daily volume.

HyperFlash

HyperFlash will be launching soon, where you'll be able to liquid stake your HYPE for MEV-boosted yields.

We're proud to secure HyperFlash as a genesis validator!

But why does MEV matter for liquid stakers on Hyperliquid?

Similar to Jito's block auctions on Solana, HyperFlash aims to create tailored coordinated MEV auctions specifically for the HyperEVM ecosystem.

Berachain

Berachain has launched Bepolia, the canonical testnet for users and apps to experiment with Proof of Liquidity.

The first round of 30-day Boyco vaults has officially ended, with claims now live.

Initia

Initia has announced Ethena’s upcoming role as the DeFi dollar of the Interwoven economy, alongside the sUSDe-INIT Enshrined Liquidity pair.

Additionally, Lazy Chain has revealed its upcoming Interwoven Rollup, powered by Initia with Celestia underneath.

Humanity Protocol

Humanity has crossed 4M Human IDs created on their recent testnet.

For those who aren't familiar, Humanity Protocol is a Sybil-resistant blockchain built for secure, private, and decentralized identity verification.

Learn more here.

That's it for this week!

As always, we're committed to providing free-range, locally sourced, and seed-oil-free consensus services from geographically diverse locations.

Until next time!