aHYPESeat - Utilization-Based Seat Market
SeatMarket is a fee/collateral escrow system that provides gated access through a limited number of "seats." Users lock aHYPE collateral to occupy a seat and accrue fees over time based on system utilization. Unhealthy positions can be liquidated by anyone.
Key Features
- Limited Capacity: Fixed maximum number of seats (
maxSeats) - Collateralized Access: Users deposit aHYPE to occupy a seat
- Utilization-Based Fees: Fee rate scales with seat occupancy
- Liquidation System: Unhealthy positions can be kicked
- Deflationary Burns: Portion of fees burned to increase αHYPE value
- Enumerable Holders: Track all seat holders for backend integration
Use Cases
- API access gating for premium services
- Rate-limited access to compute resources
- Membership systems with dynamic pricing
- Collateralized subscription services
Contract Addresses
| Contract | Network | Address |
|---|---|---|
| Sentry SeatMarket | Hyperliquid EVM | 0x6301983885567Ff45aa2A5E5E5456d23A76F7962 |
Architecture
┌─────────────────────────────────────────────────────────────────┐
│ User Interface │
└─────────────────────────────────────────────────────────────────┘
│
┌───────────────┴───────────────┐
▼ ▼
┌───────────────────────────┐ ┌───────────────────────────────┐
│ aHYPE │ │ aHYPESeat │
│ AlphaHYPEManager05 │ │ SeatMarket01 │
│ │ │ │
│ - Deposit HYPE │ │ - Purchase seat (αHYPE) │
│ - Mint αHYPE │ │ - Accrue utilization fees │
│ - Withdraw αHYPE │ │ - Liquidation system │
│ - Claim HYPE │ │ - Fee distribution + burn │
└───────────────────────────┘ └───────────────────────────────┘
│
▼
┌───────────────────────────┐
│ HyperCore Precompiles │
│ │
│ - L1Read (state queries) │
│ - L1Write (mutations) │
│ - Validator delegation │
│ - Spot balance mgmt │
└───────────────────────────┘