$HAR seems to be hitting a pivotal moment as it transitions deeper into Hyperliquid's ecosystem.

What catches attention here is their convertible bonds approach — not just another short-term gimmick, but something that might actually tie into longer-term tokenomics. The emphasis on sustainable yield generation for stakers suggests they're thinking beyond the usual pump-and-dump cycles.

If the execution matches the vision, this could reshape how projects structure incentives on Hyperliquid. Worth watching how the bond mechanics play out in practice.