Bybit CEO: Hyperliquid's 50x leverage whale ETH multi order clearing event may drive innovation in CEX and DEX clearing mechanisms

Odaily Planet Daily News: Bybit CEO Ben Zhou stated in an article on the X platform that the massive clearing of ETH by the 50 times leverage whale on Hyperliquid is essentially using the platform's clearing engine to exit. CEX is actually facing the same challenge. When the whale is liquidated, the CEX clearing engine will also take over the position. Reducing the overall leverage ratio is one method and may be the most effective method, but it will harm the business because users always want to obtain a higher leverage ratio. In addition, although it is also possible to consider deploying tools such as dynamic risk limiting mechanisms, such as reducing the total leverage ratio according to the total position size as the position size increases, using multiple accounts by users cannot fundamentally solve this problem. If DEX hopes to provide long-term high leverage services and avoid situations like the 50 times leverage whale on Hyperliquid using platform clearing engines to exit, it may need to try CEX level risk management, such as market monitoring to detect abusers and market manipulators. It is interesting to pay attention to the subsequent development of this matter, which may promote innovation in clearing mechanisms.