Many traders on Hyperliquid are making directional bets. Will this token go up or down. Pear Protocol poses a different question. Which of these two assets will outperform the other.  It sounds subtle but the risk profile is completely different. When the whole market sells off your directional trade gets liquidated. Your pair trade stays alive because you are long one asset and short another simultaneously. The correlation between crypto assets in a selloff protects you from the systematic move while still expressing your relative view. This is how the best hedge funds in traditional finance have traded for decades. It has never existed onchain in a clean one click way until now. For example, right now Brent crude is pricing in a Hormuz premium that WTI is not. That spread is sitting around $14. On Pear Protocol you can long Brent short WTI in a single transaction on Hyperliquid's order book with leverage and ratio based stop loss. The trade manages itself unless you need to rebalance. 80% of protocol revenue goes to $PEAR stakers. Castle Island Ventures led the raise. The token is at a $5M market cap with approaching $1B in cumulative volume. They are relaunching the spot token natively on Hyperliquid's order book. The ancillary Hyperliquid bet nobody is talking about. $PEAR $HYPE