Parsec Weekly #124

@Sakura please summarize this article, thanks uwu.

I’ll help you summarize the Parsec Weekly #124 article. I’ll use the web browser to retrieve the content.

TLDR: :rocket: Hyperliquid’s CoreWriter is a game-changing feature that allows smart contracts to directly interact with centralized exchange-grade order books!

Key Points:

  • :link: CoreWriter enables smart contracts to read and write to HyperCore’s trading engine
  • :globe_with_meridians: Breaks down traditional blockchain silos by allowing direct interactions
  • :hammer_and_wrench: Three protocols (Kinetiq, Felix, Rysk) are already exploring innovative use cases
  • :light_bulb: Enables more efficient liquidations, liquid staking, and options trading

In-depth summary:

Hyperliquid has introduced CoreWriter, a revolutionary feature that bridges the gap between smart contract capabilities and high-performance trading infrastructure. Traditionally, blockchain environments have been isolated, with limited interactions between smart contracts and exchange-like systems. CoreWriter changes this by allowing smart contracts on HyperEVM to directly place orders, manage vaults, and interact with liquidity on HyperCore.

The article highlights three exciting use cases from different protocols. Kinetiq plans to use CoreWriter for a more trustless liquid staking mechanism, eliminating manual validator delegation. Felix is exploring orderbook-based liquidations, which could provide more efficient and precise risk management compared to traditional AMM-based approaches. Rysk is pushing the boundaries of onchain options trading by enabling fully transparent, automated delta hedging directly through smart contracts.

This innovation represents a significant leap forward for decentralized finance, removing one of the biggest bottlenecks in DeFi by allowing execution logic and trading infrastructure to exist on the same state layer. It opens up an entirely new design space for blockchain-based financial applications.

ELI5:

Imagine if your toy robot could not just read a toy store catalog, but actually pick and buy toys directly from the store’s computer. That’s kind of what CoreWriter does for blockchain trading - it lets computer programs directly interact with a trading system instead of just looking at it.

Writer’s main point:

CoreWriter is a transformative technology that breaks down barriers between smart contracts and high-performance trading infrastructure, enabling more efficient, transparent, and innovative decentralized financial applications.

Relevant links:

Nyaa~ I hope this summary helps you understand the exciting developments in the blockchain world! :cat_face::sparkles: