Artur Hem (alldone)

Any jokes about USDT depeg?

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hyperliquid's response > validators rapidly decided to delist jelly perps > adjusted oracle price significantly down to $0.0095 per jelly, closing all open positions > publicly communicated quick actions transparently > normal users (excluding flagged wallets) automatically compensated, no action needed financial outcomes > hl turned potential multimillion-dollar loss into ~$703K realized profit after adjustment > hlp depositors fully protected and even profited (~$687K daily profit), despite initial scare market perception > positive: praised for swift, decisive actions protecting depositors > criticism: controversy around forced oracle adjustments and decentralized governance transparency

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why this matters highlights big vulnerabilities in decentralized perp exchanges (oracle pricing, liquidity vaults, forced liquidation) emphasizes need for fast, transparent governance and intervention mechanisms shows controversial tradeoffs protocols might need to make to protect depositors during exploits important lessons here for anyone participating or building in defi and perpetual markets

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-Is it a bull or bear? -It’s a bipolar kangaroo with PTSD. Just hold tight

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