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Joined May 2020
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Definity Labs retweeted
The #BitcoinOG who shorted $BTC and $ETH before the crash — making over $160M — is adding to his $BTC short again!
Current position: 3,440 $BTC($392.67M)
Liquidation price: $128,030
xitter.cf/lookonchain/status/197…
This #BitcoinOG's $BTC short has reached 3,000 $BTC($343.85M), with a liquidation price of $130,450.
Interestingly, someone bought a token called "RETARD" and sent to his wallet.
xitter.cf/lookonchain/status/197…
Definity Labs retweeted
I'm DONE with HLP if this is what making "everyone whole" means
I had a lot stored in the vault, did not withdraw the last time with the ETH whale shenenigans, and took already a hit there staying in with 7 figs.
The second time around, when people are litterally out there trying to liquidate the whole vault, the prudent move is to not leave it up to chance, waiting to get fully liquidated, when I have zero optics on what the team/validators decide to do
Took a big fat loss to avoid getting totally rekt, then they just randomly mark the vault back up using an arbitrary oracle price at an arbitrary moment in time
I was a huge supporter, but like that's just a load of BS to make whole the people that were probably stuck or locked or not prudently watching, while the risk minimization choice was to withdraw (and then it's up to the team to pull the trigger whenever, but I have ZERO insight in those decision, so I can't make that choice myself)
I don't even care that HLP is not safe or that upside is not 'a given', but you just handed my funds to some other less prudent people (or zealots) still in HLP by marking it up randomly.
It would have been better to not make anyone whole, at least that way everyone is treated fairly, now you just randomly select some risky gamblers and hand them the funds of people protecting capital at a moment where the protocol is being exploited.
And don't come at me with the BS of: "oh but you enforced a death spiral by withdrawing bla bla"
that only counts when the team doesn't have a time machine to undo whatever they want at any given time.
For me 2 things can happen
- NO BAILOUT , fine for me, we know the risks of HLP
- Equal bailout for every user involved at the timestamp where you marked the oracle price for $Jellyjelly
now it's just a bailout that's not evenly distributed
Sad @chameleon_jeff @xulian_hl
Yesterday is a good reminder to stay humble, hungry, and focused on what matters: building a better financial system owned by the people. Hyperliquid is not perfect, but it will continue to iterate and grow through the collective efforts of builders, traders, and supporters.
Users with JELLY long positions at the time of settlement will be refunded by the Foundation as if their position settled at the closing price of 0.037555. This results in all JELLY traders being settled at a price advantageous to them, except flagged addresses.
To recap what happened:
A trader self-traded a 4M USDC JELLY position at 0.0095.
The price of JELLY then rose more than 4x, with HLP backstop liquidating the 4M position.
The short position led to a loss in HLP’s account value.
The OI cap formula is a dynamic function of global liquidity and OI on other venues including major CEXs. A 4M USDC position fell within those limits, but additional open interest was prevented from being opened beyond the automatically triggered cap.
However, the key issue was that once HLP took over the position, it shared collateral with the other component vaults in the strategy and therefore did not trigger ADL.
Risk management on Hyperliquid is being strengthened in various ways, including:
+ HLP: The Liquidator vault will have a tight cap representing a small percentage of total HLP account value, rebalanced less frequently, and more sophisticated logic around taking backstop liquidations. ADL will be triggered if the Liquidator loses above a certain threshold, instead of moving collateral automatically from the other component vaults. Note that ADL is not expected to trigger during organic market activity.
+ OI caps: Open interest caps will be refined to be dynamic relative to market cap.
+ Delistings: Validators will vote onchain to delist assets that fall beneath thresholds.
Thank you for your continued feedback, support, and commitment.
Hyperliquid
Definity Labs retweeted
Whales Have Spoken – kaiAura-Aura v3 Stable Pool is Here!
Based on community feedback, we’re introducing the kaiAura-Aura v3 Stable Pool to optimize liquidity and trading efficiency.
Here’s what you need to know:
🔹 Why the Upgrade?
The initial kaiAura-Aura pool was designed for a strong 1:1 peg, but large transactions faced high price impact, limiting capital flexibility. While this ensured peg stability, it also slowed protocol growth.
🔹 What’s Changing?
Introducing a v3 Stable Pool to work alongside the existing v2 Volatile Pool, ensuring:
✅ Efficient Swaps: The stable pool allows larger transactions with lower price impact.
✅ Deeper Liquidity: The volatile pool remains active, ensuring market depth & visibility.
✅ Optimized Trading: Most trades will execute in the stable pool, with larger trades dynamically pulling from the volatile pool.
Traders should use aggregators like @odosprotocol or the @Balancer UI for optimal execution across both pools.
#kai continues to evolve, bringing more flexibility, better execution, and stronger liquidity for the community.
Let’s keep building! 💜
Definity Labs retweeted
Ethereum Foundation selling while World Liberty FI keeps buying $ETH.
The market is in a risky zone, and many with strong positions have already taken profits.
But let's be honest, we all focus on the long game.
xitter.cf/arkham/status/18839656…
Definity Labs retweeted
Brian / Coinbase,
After dealing with insolvency last cycle (FTX), we demand answers into why it is taking 9+ hours to send/receive $SOL (takes less than 1 second on chain).
Is @coinbase insolvent, where are your proof of Solana reserves?
This is unacceptable.
@brian_armstrong
Definity Labs retweeted
Exposing @coinbase's Unjust Treatment of On-Chain Traders
My @coinbase account has been restricted for over a week, and despite giving them ample time to resolve the issue, their lack of response has been disappointing. I've since come across numerous reports from others facing similar restrictions.
Given the reach of my platform, I felt it was my responsibility to highlight this egregious behavior. Since speaking out, countless users, across all portfolio sizes, have shared similar experiences, making it evident that @coinbase is treating on-chain traders like criminals and denying them basic financial freedoms.
Coinbase has restricted my account without any explanation, and support refuses to provide clarity.
As a paying Coinbase One customer with over $2,000,000 in inaccessible assets, I’d appreciate an immediate explanation.
cc: @coinbase @CoinbaseSupport @brian_armstrong
Definity Labs retweeted
Coinbase has restricted my account without any explanation, and support refuses to provide clarity.
As a paying Coinbase One customer with over $2,000,000 in inaccessible assets, I’d appreciate an immediate explanation.
cc: @coinbase @CoinbaseSupport @brian_armstrong
Definity Labs retweeted
BREAKING: @CoinbaseSupport HAS BEEN HIT BY A COMMUNITY NOTE FOR CLAIM THAT “THERE’S A LOT OF FUD/MISINFORMATION OUT THERE ABOUT COINBASE RESTRICTING ACCOUNTS”
VIA @DegenerateNews
Definity Labs retweeted
The beacon chain genesis happened four years ago on Dec 1, 2020. With a modest 0.5M ETH staked on day one, the parallel PoS chain provided zero immediate benefits to users. And yet the seed blossomed to become the strongest foundation blockchains have ever seen:
→ 10K consensus participants
→ $125B economic security
→ economic finality via L1 slashing
→ 51% attack recovery via L0 slashing
→ 100% uptime
No other PoW or PoS chain comes close—the gap is immense. This is the power of long-term thinking, of taking the long and hard road.
Looking ahead, there is a tremendous opportunity to cement Ethereum as the settlement layer for the internet of value. The beacon chain is far from perfect. There is a lot of work on a years-long upgrade journey.
We want improved censorship resistance and MEV handling. We want smaller staking deposits, better delegation, faster finality. We want smarter issuance. We want full chain validation accessible to smartwatches, we want post-quantum security. In parallel to the consensus layer (CL) we want full danksharding at the data layer (DL) and native rollups at the execution layer (EL).
I believe Ethereum can get it all. Many L1 improvements will ship incrementally every year for years to come. Some improvements like chain snarkification and post-quantum security will likely benefit from a holistic redesign.
To complement L1 health upgrades, L2s will provide amazing performance improvements in months not years. Fast UX? Study ping-latency preconfs. Low fees and unbounded throughput? Study horizontal scaling of execution and DA. Synchronous composability? Study shared sequencing and real-time proving.
The future of is bright. I invite you to get involved. Ethereum may just be humanity's most ambitious and exciting decentralised computing project.
Definity Labs retweeted
Kai’s performance is on FIRE! 🔥
Hype is building as whales lock into kai’s liquidity pools.
Join kai and build your sustainable yield layer: app.kaiaura.finance
Definity Labs retweeted
BREAKING: 🇺🇸 Donald Trump officially elected President of the United States of America.
