
Ξliézer Ndinga|Mar 30, 2025 13:56
Great summary by @RektHQ on the Hyperliquid debacle. This whole story unveiled 1) predatory competition among CEXs/DEXs, 2) oracle manipulation to settle the Jelly token with +80% haircut, 3) extreme centralisation of Hyperliquid, 4) discretionary decision making process by Hyperliquid and lastly 5) poor risk management infrastructure
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