Most of a maker's edge is made or lost hedging, and SLP's hedging only works on Hyperliquid. It will hold spot and short | Hanami
Most of a maker's edge is made or lost hedging, and SLP's hedging only works on Hyperliquid. It will hold spot and short the perp, moving the pair with resting orders, so it earns the spread on hedges and the short collects funding. It can hedge NVDA calls on HIP-3 at weekends.
Reply to @SynapseProtocol: Makers lose money getting picked off by traders who saw the move a second before the quote updated. SLP checks every fill a minute and an hour later and widens quotes to anyone who keeps winning.
It's also short the tail. If everyone buys upside and the stock rips, SLP pays.(Historical earnings: For fiscal 2027 Q2 (period ended 2026-07-26), NVIDIA reported basic EPS of 4.87, diluted EPS of 4.85, net income of USD 118.010 billion, and revenue of USD 177.837 billion.
Consensus expectations: For fiscal 2027 Q3 (event date 2026-11-17), consensus expects EPS of 2.49 and revenue of USD 111.356 billion.)