Scam wicks are the collective enemy of all Perp Dexes since they hurt users the most!
Getting liquidated unfairly sucks and we are glad @HyperliquidX is making users whole but we need to (as an industry) make Liquidation Mechanisms more robust.
At @paradex, we've implemented several additional safeguards that together make for a really robust liquidation mechanism
1️⃣Reliable Spot Oracle Price @PythNetwork
2️⃣Funding Rate Dampening + Clamping
3️⃣Optimized Insurance Fund Unwind Algo that minimizes market impact
4️⃣Price band protection for market orders
It all starts with a really robust Mark Price 💪
A thread 👇
It's time to BLAST OFF. I just received 800 $BLUR from @BLUR_io's Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only L2 with native yield backed by Paradigm and Standard Crypto.
@openseapro 2. New collection is coming. I have spent the whole March working on this with @uglydog_eth . It should be free mint and I hope you like it.