Dev log

What shipped, and what comes next

2026-11-11

Hook, adapter, registry and fee router written and tested

Unit and fuzz tests on the fee rule (never above 3%, toward detection both ways, all-in price never beyond the reference plus the base fee), the 0.30% fallback for stale, far and reverting channels, only openPool can initialize, and a fork test against the v4 PoolManager on Elysium with real USDC and KNTQ. The live PoolManager's bytecode is the same length as v4-core's (24,009 bytes).

2026-11-11

Measured the Elysium basis

Elysium HYPE/USDC pools sat 1.6 to 1.7% under HyperCore @107 at 17:48 UTC, and between −1.19% and −3.29% over twelve hours. A pool priced on the raw mid would charge every buyer about 1.4%. The reference is therefore HyperCore mid × measured basis, and the gap fee charges only the move Elysium has not followed yet.

Hook deployed, first house pool, first gap fee

Hook at 0xC052552b3E744927f84D9c7C9bF9F9065488A0C4.

With EL1Read

The adapter reads HyperCore inside the swap

Only the adapter's source changes, through the 48-hour timelock. The basis becomes an onchain EMA updated on every Liquidisium swap, and the keeper leaves the price path.

With EL1Write

Hedge vault

Opted-in positions keep a HyperCore HYPE perp short equal to their HYPE delta at each epoch. Funding and PnL return to each position pro rata.