Summary
- Hyperliquid announced the introduction of a new margin system.
- After the March 15th upgrade, the margin ratio will change to 20% and will only apply to isolated margin positions.
- A whale investor previously earned substantial profits using 50x leverage.
Decentralized exchange (DEX) Hyperliquid announced on the 13th (local time) via X (formerly Twitter) that it will introduce a new margin system.
Hyperliquid explained, "A network upgrade is scheduled for March 15th at 9:00 AM (Korean time), and after the upgrade, margin transfers will require a 20% margin ratio."
They added, "This ratio will not affect the opening of new cross-margin positions, but will apply to isolated margin position openings."
Previously, it was reported that a whale using 50x leverage on Hyperliquid liquidated a long position of 175,000 Ethereum (ETH), securing profits of $1.86 million.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
