1/11 Unveiling what we have been working on for the last few months. We are making it easy for people to trade and spend crypto. And it will be on @HyperliquidX Some quick notes on why we made this and some sneak peak on the new app 👀

2/11 From the start, we wanted to make a platform where it's easy to trade onchain and use crypto for things in real-life. When we started two years ago, our first attempt is to build wallets that would interact with DEXes on different chains.

3/11 However, the experience of trading tokens on different chains were generally not as good as trading on one chain. Although we did explore using smart contract wallets to abstract UX barriers, interoperability is still generally difficult and we are going nowhere.

4/11 Early this year, we were starting works on a mobile app (top requested feature!) But we want it to be more than Visa card. We do not want to be just another "card company", and we are not trying to be a neobank either. Then this idea came - make it easy to trade on Hyperliquid. And this marked the beginning of the journey. "mafan" = troublesome.

5/11 That simple idea became very complicated, but that eventually became the HyperApp. User-friendly UI that is optimised for mobile - Mobile-friendly charts (similar to Binance's) - Information hierarchy; - Big fonts and buttons

6/11 I've tested it for days and I can use it with one hand while walking. Next, we also try to take a stab on how we think accounts should look like on Hyperliquid.

7/11 Hyperliquid can be thought of as different "accounts" There's Spot, Perpetuals, EVM, Staking. And we are introducing one more called "Cash". "Cash" is the account that BasedApp provides to bridge payments and fiat services into Hyperliquid.

8/11 "Cash" is important as most people will need easy access to payments rails. Today, Cash only comprises of Visa Card that is available to some countries. In the future, you will be able to do on-ramps and off-ramps through "Cash" as well.

9/11 Today, we are an exempted entity by MAS to provide payments and crypto services to users. There's limitations on the countries that we can service today. We are working with other third-party payment providers in other jurisdictions to bring it to more countries.