The battle for Hyperliquid’s USDH ticker is a referendum on what crypto wants to be: a community-first public good, or a globally scaled, institution-ready product. With the clock ticking toward the proposal and voting deadlines, Agora’s Nick van Eck and Paxos Labs’ Bhau Kotecha lay out their cases—100% revenue back to users vs. 95% with enterprise distribution, “Hyperliquid alignment” versus “bring it to the masses,” and what each would build on day one if they win. We also dig into liquidity, slippage claims, validator dynamics, and how a single ticker could shape the future of onchain markets.Thank you to our sponsors ⁠⁠Mantle⁠⁠!Guests: Nick van Eck, CEO and Co-founder of Agora Bhau Kotecha, Co-founder of Paxos LabsLinks: Unchained:  Stablecoin Issuers Enter Bidding War to Launch Hyperliquid’s USDH Sky Joins Bidding War to Launch Hyperliquid’s USDH Timestamps:🎬 ⏱️ 💵 🌊 📜 🏦 🤝 🎁 💸 🚀 ⚖️ ❓ 📉 🗳️ Learn more about your ad choices. Visit megaphone.fm/adchoices