Hyperliquid, a trading -expert blockchain network, has increased margin requirements for traders after the missing pool of millions of dollars during a massive ether (Eth) Destruction, the network said.
On March 12, an entrepreneur intentionally fluids at about $ 200 million ether positions, causing hyperliquid, HLP, who loses $ 4 million, which does not want trade.
Starting March 15, Hyperliquid will begin to require entrepreneurs to maintain a collateral margin by at least 20% in some open positions to “reduce the systematic impact of large positions with an impact on the hypothetical market closure,” Hyperliquid said in a post of March 13 x.
The incident featured the growing disease that faces hyperliquid, which has emerged as the most popular web3 platform for leveraged eternal trading.
Hyperliquid has organized margin requirements for entrepreneurs. Source: Hyperliquid
Hyperliquid said the $ 4 million loss is not from an exploitation but rather an unpredictable consequence of its trading platform mechanics under extreme conditions.
“(Y) Esterday’s event has highlights an opportunity to strengthen the margining framework to address extreme conditions more stable,” Hyperliquid Says.
These changes only apply to certain circumstances, such as when entrepreneurs remove collateral from open positions, Hyperliquid said. Entrepreneurs can still take new positions with up to 40 times action.
Eternal futures, or “perps,” are -in -linen contracts with futures with no expiration date. Margin Collateral traders – Usually USDC (USDC) for hyperliquid – to secure open positions.
By removing most of his collateral and lying his own position, the trader is effectively -cashed with his trade without the availability of slippage -or losses from selling a large position at the same time.
Instead, those losses are carried by Hyperliquid’s HLP Liquidity pool.
HLP of Hyperliquid has over $ 350 million in TVL. Source: Delete
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Top PerS Exchange
On March 13, the HLP had a total amount locked (TVL) of approximately $ 340 million derived from user deposits, According to In Defillama.
Launched in 2024, the flagship of Hyperliquid gained an exchange of 70% of the market sharing, which exceeded rivals such as GMX and DYDX, according to a January Vaneck asset Manager report.
Hyperliquid Tout A trading experience comparable to a centralized exchange, featuring fast times of regulating and low fees, but less decentralized than other exchanges.
On March 12, Hyperliquid clocked approximately $ 180 million per day in the volume of transactions, Defillama said.
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