@RadioCacaNFT received exclusive copyright release to convert @SpaceX ‘s theme videos to nft. These nfts @bakery_swap and https://t.co/q66cTlNhQX will also be auctioned. Is your bag ready? You know where to go!
@cz_binance
On the Radio 🎶
The Beatles - Octopus's Garden
The official RACA Twitter account is currently under hacker attack.
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Stay safe.
Hyperliquid’s fully onchain liquidations cannot be compared with underreported CEX liquidations
Hyperliquid is a blockchain where every order, trade, and liquidation happens onchain. Anyone can permissionlessly verify the chain’s execution, including all liquidations and their fair execution for all users. Furthermore, anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance.
Some CEXs publicly document that they dramatically underreport user liquidations. For example on Binance, even if there are thousands of liquidation orders in the same second, only one is reported. Because liquidations happen in bursts, this could easily be 100x under-reporting under some conditions. Source below.
Hopefully the industry will see transparency and neutrality as important features of the new financial system, and others will follow.