Hypercall Distributes 1 Million SYN Monthly to Incentivize Market Makers

Hypercall has announced its treasury and liquidity plan, with the first treasury SLP positioned as an options version of HLP. Users can deposit USDC to hold shares in a market-making account that quotes Hypercall options. The revenue sources include bid-ask spreads, market-making incentive sharing, basis hedging, idle fund earnings, and taking over liquidated positions. Risks include adverse selection, hedging costs, and tail risks. The SLP plan will buy options box spreads to obtain fixed-rate returns. Additionally, Hypercall will distribute 1 million SYN monthly, allocated based on the trading volume of market makers for the month, and a daily leaderboard will be established, with the same rules applicable to SLP. Hypercall also plans to launch a covered call options treasury, holding xStocks tokenized stocks and selling a call option weekly with a strike price typically about 5% higher than the current price, with the option premium paid in advance.

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