preferred pronouns are adverse selector/adverse selectee
Joined July 2016
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It is important to clarify that this is a fixable technical issue on Hyperliquid. The exchange has on the whole been wildly successful at pioneering a fair and efficient market design that benefits smaller makers and retail compared to the more traditional style.
@HyperliquidX's IOC speed-bump mechanism has a flaw. Normally designed to protect makers in the interests of a more liquid market, it breaks down in periods of high activity. When blocks become full, pending modifies and cancels queue up for later blocks, so their latency increases. However, IOCs behave as though they have a separate blockspace dedicated for them, and their latency barely budges. You can see this in the lower left chart, showing latency of different order types during 19 activity bursts.
The result is that under relatively modest load (25-30k tps), IOC + 8 bps (priority fee) orders can pick off resting liquidity before it has a chance to get out the way. Meanwhile, under higher load (35-40k tps), even IOCs without any priority fee can pick off resting liquidity.
This, in my opinion, is antithetical to the ethos and design of the ALO and cancel prioritization mechanism and needs investigation by the team. It exists to reduce toxicity from HFT takers, and is breaking down precisely when most needed.
It may also be exploitable. If IOCs really are insulated from the congestion affecting cancels and modifies, a malicious user could spam orders, delaying makers’ cancels while their own IOCs go through, and taking the liquidity left stale.
One single example that occurred on AVAX today caused 1.3M$ of volume to be adversely selected for a total loss of ~13k$ over the subsequent 10 seconds. This affected us materially. Faced with such episodes of adverse selection, spreads and liquidity are undoubtedly worse than they could be otherwise.
Would appreciate if anyone with a contact at HL could share this with the team.
Regularly clocking a tick (time the process knows it has data to process) to order (time we call the kernel to send) latency of under 1 microsecond now, including updating pricing on and checking every instrument in our tradable universe
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Asked models about the possibility of oil stabilizing at 100, here is how they rated each other's responses. Opus came out best, but curiously every model except Gemini rated its own response as the best, which indicates consistency between the model preferences and how they write
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And let me guess, any person who doesn't contribute to bringing about this regime should be punished?
I honestly think that America needs 20-50 years of a right wing authoritarian regime, Latin America style, with no real elections and suspension of habeas corpus to fix this.
100 million people need to be deported and entire networks of woke activists need to be put in jail permanently. Leftist media needs to be permanently dismantled. A non-woke Church or something like it needs to regain control over morality, shut down onlyf🐱ns, shut down the leftist universities, etc.
Full year zero transformation of society into something that's actually functional, healthy, white and growing again.
Hyperliquid OI in $ holding steady or even slightly climbing post 11 Oct actually means that a lot of new positions are opening up if you take into account the decline of many assets' prices by about a third since then
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Latency spikes on hyperliquid getting kinda ridiculous, I now routinely get filled on orders i've attempted to cancel 2-3 secs ago whenever volume picks up. I hope the team is working on optimizing the chain for throughput..
I have discovered a LLM benchmark so neat and effective that I'm afraid to share it lest it be contaminated..
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We've psyopped ourselves on AI by using it in web UIs and tools where it's an "assistant" - the user implicitly becomes the authority that does the real work. Build your own tool where the system prompt tells them they're an expert that does high-quality work, you will be amazed.
Furthermore, people are building agents that are far too general. Create multiple agents with a limited scope, clear instructions and access to a specialized agent loop and tools, and they will do a job much faster, cheaper and better. If you have something in mind, I've found that Claude Opus with thinking can one-shot it, and a couple of extra iterations to improve can give you something very polished and capable.
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