Must Read Series 🚩 Does Hyperliquid still have a role in the on chain derivatives race after this battle? Many people are saying that this wave of on chain derivatives has been counterfeited, and I laughed at it. Even Binance and OKX are going to join forces to strangle Hyperliquid. You actually said that on chain derivatives have been counterfeited? This precisely indicates that on chain derivatives have been thoroughly proven to have the ability to directly challenge CEX, and this time it is only a vulnerability issue in Hyperliquid's own risk control design Last night, I talked to the team at Edegx about the issue with HyperLiquid, and they all felt that the behavior of HyperLiquid modifying the price of the oracle was too manipulative, but they couldn't afford to pay for the lack of risk control mechanisms. The core issue was that the HyperLiquid team was too confident in the product's risk control design and didn't realize the flaws in the product's mechanism So I asked the Edgex project how to solve this problem, and the people at Edegx answered very directly, that is, to learn CEX directly. CEX has stepped on all these pitfalls in history, why not learn its risk control design To learn specifically, please refer to the post @ StarGoddesX98. Simply put, these issues with on chain derivatives can be solved. CEX's mature risk control system is worth learning from in DEX, and these advantages can be directly applied to edgex's product design Once Edgex encounters a situation similar to sniping, how will he respond? Firstly, unlike HyperLiquid's own oracle, EdgeX uses a third-party oracle and cannot directly modify the clearing price 1) Dynamic margin transfer ratio, dynamically adjusting the margin transfer ratio based on the user's profitability and leverage situation. Margin transfer "refers to funds leaving the wallet and isolating margin positions. Examples include withdrawals, transfers from PERP accounts to spot funds, and removal of segregated margin. This maintains healthier margin requirements and reduces the impact of large positions on the market when closing positions. 2) Dynamic leverage and risk limits, as the value of a trader's contract position increases, the supported leverage ratio decreases accordingly. In short, as the contract value increases to a specific level, the initial margin requirement will gradually increase by a fixed percentage. Each trading pair has its own basic maintenance margin rate, and margin requirements will be adjusted according to changes in risk limits. Although DEX can open multiple accounts, the percentage of initial margin increases with leverage, so even with multiple accounts, the ratio of total initial margin to total funds remains unchanged. 3) Set up a special risk fund, and edgeX will put 10% of Vault earnings into risk margin to cope with extreme situations and reduce the impact on new users who have just deposited into Vault. The design of risk control mechanisms for these products actually combines the characteristics of CEX and DEX to make more rigorous risk control measures At present, Hyperliquid has indeed torn open the space for derivatives on the chain, which you cannot oppose no matter what. The joint killing of Binance and OKX is the most direct proof, but Hyperliquid's product risk control design is still very immature, and it is not a problem in the derivatives track on the chain Chatting with members of edgeX has made me even more convinced of the future of on chain derivatives. I am not shy about collaborating with the edgex team, and I have been using edgex products. I highly recognize their product strength and risk control design. Fans who have used edgex on chain contract products praise that edgex is easy to use and the experience is no less than that of hyperliquid But what makes me most happy is the high understanding and implementation of risk control by the edgeX team, as this part is often difficult for users to perceive because it is more professional Let's embrace on chain derivatives together and share CEX's market share. For users who missed out on the early airdrops of HyperLiquid, I also recommend that you follow my link to use EdgeX. EdgeX is still in the point airdrop stage and has a very high proportion of airdrops My edgeX invitation link (invitation code: 187636242) https://pro.edgex.exchange/referral/landing/187636242 After following my link, you can join my exclusive edgeXtg group: https://t.me/ +pxL_9BSL-OtiZGRl