Artur Hem
@alldone
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Artur Hem
@alldone
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Artur Hem
@alldone
The economy’s a cocktail now: 1 part AI hype, 2 parts wartime bonds, shaken over melting fiat, garnished with a Bitcoin twist. Sip slowly—hangovers are denominated in gold
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Artur Hem
@alldone
Life’s just a series of “this week will be less busy” until you die
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Artur Hem
@alldone
-Is it a bull or bear? -It’s a bipolar kangaroo with PTSD. Just hold tight
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Artur Hem
@alldone
gm
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Artur Hem
@alldone
Any jokes about USDT depeg?
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Artur Hem
@alldone
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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Artur Hem
@alldone
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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Artur Hem
@alldone
The whole story on Hyperliquid & $JELLY 👇 background context > hyperliquid (HL): decentralized perp exchange > HLP: internal liquidity vault of hyperliquid > jelly token: small market cap (~$10-20M initially) what happened > trader wallet (0xde95) opened huge ~$8M short on jelly > trader purposely removed margin, forcing hlp to inherit and auto-liquidate the massive position > simultaneously pumped jelly price on-chain, squeezing shorts hard > jelly pumped from ~$10M to over $50M market cap in under an hour > hlp initially suffered huge unrealized loss (~$12M) second exploitation > amid chaos, new wallet (0x20e8) opened big long, quickly profiting ~$8.2M on hyperliquid > exchanges like binance and okx noticed volatility and quickly listed jelly perps, amplifying activity
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Artur Hem
@alldone
here we go
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