Buyback News Buyer

Thesis

Buys Hyperliquid spot tokens after their protocols announce buybacks, aiming to gain as repurchases lift demand.

Strategy

• Buys announcement tokens: Buys the Hyperliquid spot tokens identified in news of their protocols announcing, resuming, or increasing buybacks, once per news item. • Uses available USDC: Splits the session's available USDC equally across the announcement's new purchases, with a $10 minimum per buy. • Holds the tokens: Keeps purchased tokens without scheduled sales, profit targets, or price-based exits.

Exposure

• Holds: Protocol tokens + USDC — Purchased protocol tokens and any unspent USDC on HyperCore. • Venue: Hyperliquid spot — Buys spot tokens with USDC; both stay on HyperCore. • Leverage: None — Buys actual tokens rather than perpetual contracts. • Costs: Spot trading fees — Pays Hyperliquid's spot trading fees when buying tokens. • Data: Circuit — Uses news for announcements and the Hyperliquid token catalogue to identify the tokens to buy. • On unwind: Tokens + USDC — Keeps purchased tokens and remaining USDC; stopping does not sell spot tokens.