Luke Cannon (lukecannon.eth)

ICYMI lots of discussions about Hyperliquid & the impact of recent traders' flow on HLP One wallet exited a $200M+ ETH long by withdrawing profit & letting it get liquidated / taken over by HLP with almost no slippage (HLP lost $4M while closing the position) Hyperliquid reduced max leverage on ETH & BTC as a result, & now requires 20% margin ratio when transferring/withdrawing collateral The trader has tried again multiple times since with varying success (lost $100k trying on LINK today) Separately, a suspected insider wallet continues opening very large positions to farm copy traders after its famously success on a very large ETH long just prior to the announcement of the strategic crypto reserve

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Was amazing to meet @garrett in-person for the first time at ETH Denver & he convinced me to start posting about Hyperliquid here Curious what people on Farcaster think of Hyperliquid generally, the biggest criticisms/questions ppl have about it, etc

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Ideas for CTG forks: Crypto the game but .01 ETH entry Crypto the game but 1 ETH entry & you get it back at the end (winner gets 1 week of yield on the prize pool) Crypto the game but anyone can be voted out at any time, no daily cadence What else?

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When you're trying to organize votes but you run out of votes & now you're getting voted for too

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