PANews reported on March 26 that regarding an address today imitating the previous whale operation of 50x leverage on Hyperliquid, which dumped 398 million JELLY short positions on Hyperliquid and triggered potential liquidation and losses in its treasury, Sonic Labs co-founder Andre Cronje posted on X platform: I hate this approach, position size should not be a fixed function formula of leverage, but should depend on available liquidity and actual volatility, such as giving small positions 1000x leverage and large positions 1.2x leverage. In the DeFi field, leverage multiples cannot be set to a fixed value.
Sonic Labs co-founder: I hate the behavior of Hyperliquid mechanism being exploited, the leverage multiple cannot be set to a fixed value
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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