Summary
- HyperLiquid announced plans to compensate long position users at $0.037555 per token due to the JELLY liquidation incident.
- HyperLiquid stated that it plans to comprehensively strengthen its risk management system in response to this incident.
- The liquidity pool will set a loss limit on the Liquidator vault, and the open interest limit will be dynamically adjusted according to market capitalization.
Decentralized derivatives exchange HyperLiquid (HYPE) has announced a compensation plan for users affected by the JELLY (JELLY) liquidation incident.
On the 28th (local time), HyperLiquid stated on X, "Users holding long positions at the time of settlement will be compensated at a fixed price of $0.037555 per token."
HyperLiquid plans to comprehensively strengthen its risk management system in response to this incident. To this end, the liquidity pool (HLP) will set a loss limit on the Liquidator vault, and if exceeded, automatic deleveraging (ADL) will be triggered.
Additionally, the open interest limit will be dynamically adjusted according to market capitalization, and the delisting of assets with liquidity or market capitalization below the standard will be decided by validators through on-chain voting.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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