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- 02:14HyperSwap announces SWAP tokenomics: 25% will be allocated to community genesis distributionJinse Finance reported that HyperSwap, a DEX protocol based on the Hyperliquid network, has released the tokenomics for its SWAP token. The total supply of SWAP tokens is capped at 100 million, with the TGE set to launch on October 20. Of the total supply, 25% will be allocated to the community genesis distribution (fully unlocked), 25% to investor genesis distribution (fully unlocked), 25% to future liquidity mining issuance (of which 15 million tokens will be linearly unlocked over 36 months, and the remaining 10 million tokens will be linearly unlocked over 12 months), 8% will be allocated to current and future core contributors (12-month cliff, then linearly unlocked over the following year), 10% will be used for future trading activity airdrops (unlocked after 6 months), 3% will be allocated to the advisory team (linearly unlocked one year after genesis), 2.5% will be used for the HyperSwap liquidity pool, and 1.5% will be allocated to HIP-2. In the future, 25% of the token issuance will be distributed in the form of xSWAP, which is a locked version of the SWAP token. xSWAP can be exchanged for SWAP at a 1:1 ratio after a maximum lock-up period of 6 months.
- 02:11The Federal Reserve will hold a payment innovation conference on the 21st, with representatives from Chainlink, Circle, and others attending.According to ChainCatcher, the Federal Reserve will hold a payment innovation conference on the 21st, with representatives from Chainlink, Paxos, Circle, and a certain exchange attending the meeting.
- 02:11Data: Hyperliquid saw a net outflow of $1.5 billion over the past 7 days, with over $1.4 billion flowing into Arbitrum.According to ChainCatcher, data from Artemis shows that in the past 7 days, Hyperliquid has become the chain with the largest net outflow of funds, with a net outflow reaching 1.5 billions USD. Data indicates that among the funds flowing out of Hyperliquid, as much as 1.46 billions USD have moved to the Arbitrum network. During the same period, Arbitrum recorded a total net inflow of 1.8 billions USD, ranking first among all chains, with most of the funds coming from Hyperliquid. This suggests that a large amount of funds may have recently exited Hyperliquid via the Arbitrum cross-chain bridge.