$6.85 Dividend Paid | 0.70% Yield | DeFi Income Dividend #34

Our Income Tracks Activity — Not Direction.

Our strategy runs on the Hyperliquid ecosystem — one of the largest decentralized exchanges in crypto. We post bids and offers, collect a fee every time a trader crosses our quote, and hedge the inventory immediately so we stay neutral to price direction.

When trading is busy, cycles run short and dividends come quickly. Cycle #34 is the proof: seven days from reset to trigger, five sessions above the reset, and a dividend at the end of it. When the tape moves, we get paid faster.

Where We Are Now — And What This Cycle Delivered.

Our current annualized run rate is approximately ~16.7% — up from ~16.1% at the last dividend. The reason is worth stating plainly: this cycle took 7 days, well under our 2026 average of about 20. Our income is a function of trading activity, and the tape moved.

Twelve dividends in the first 237 days of 2026 — $10,870 on $100K. Fast cycles like this one are how the pace recovers. We do not forecast it. We report it, dividend by dividend.

Uncorrelated to Everything Happening in Markets.

No stock exposure. No bond exposure. No inflation exposure. While traditional markets have been whipsawed by tariffs, geopolitics, and rate uncertainty — our income has kept flowing. 34 dividends paid since launch. The source of our income doesn't change with headlines.