Hyperley Cavid has announced that it has increased the margin requirement for traders, after which the larger Ether (ETH) has faced millions of dollars since the liquidity pool.
On March 12, a businessman deliberately ended a long position in Ether, worth about $ 200 million, which resulted in the loss of $ 4 million by the Hyper Like’s Lakidity Pool HLP, which ended the transaction.
In a post on the X (formerly Twitter) on March 13, the HyperLocade announced that starting March 15, it would require that some open positions maintain at least 20 % collateral margin. The purpose of the new requirement is to reduce the systemic risks from large -scale positions that make virtual effects on the market when facilitating deals.
The incident highlights the challenges facing hypertensive, which is a rapidly growing permanent futures trading platform in the web3.
Hypertroid adjusts margin requirements for traders. Source: Hyper -Liked
The hyperlavicide explained that the loss of 4 million was not caused by hacking or fraud, but “in extreme circumstances, the trading platform’s mechanism is a predicted result.”
“Yesterday’s events offered the opportunity to strengthen the margin system to deal with extreme conditions,” said HyperLakide.
This change does not apply to all transactions and is limited to certain situations, such as withdrawing the collateral from an open position. Traders are still able to take new positions with 40 times.
Permanent futures do not benefit the futures of futures, which do not have a expiry date, and the hyper liquid usually sells USDC (USDC) as a margin and trade.
In this case, the traders managed to make a profit by avoiding the price fluctuations, which resulted in the withdrawal of most suicide attack and then resolved their positions themselves. Meanwhile, the loss was tolerated by the HLP liquidity pool of Hyperley Cavid.
Hyperley Caved’s HLP Million in TVL is more than 350 million. Source: Defile
Major Permanent Future Exchange
According to Defilama’s data, till March 13, 2025, the total assets under the Administration (TVL) in Hyperley Cavid’s HLP Lakedity Pool had about $ 340 million.
According to a January 2025 report of the Permanent Future Exchange, Hyper Liked, Asset Administration Company, Wan Ek, launched in 2024, leaving its rivals behind GMX and DYDX 70 % of its market share.
Hyperlavide offers a commercial experience that features faster settlement times and lower fees than CEX (CEX), but it is said that the other decentralization is less than the exchange (DEX).
According to Defilama’s data, by March 12, 2025, the daily trade volume of Hyperley Cavid reached about $ 180 million.
