Asset selection is extremely important for us—even if it means we’re slower to onboard new assets. At the same time, it ensures we don’t overlook how easily an asset can be manipulated.
@TradeOnDESK
A massive whale with 124.6M $JELLY($4.85M) is manipulating the price of $JELLY(jellyjelly) to make Hyperliquidity Provider (HLP) face a loss of $12M!
He first dumped $JELLY, crashing the price and leaving HLP with a passive short position of 398M $JELLY($15.3M).
Then he bought $JELLY back, driving the price up—causing HLP to suffer a loss of nearly $12M.
https://t.co/Hs9p12iJjd
The aftermath of this AI rally is brutal—far worse than the DeFi cycle by miles. At least DeFi products generate fees, and their tokens are productive, yielding real returns. Meanwhile, these AI coins can’t even hold a floor.
$REI $150Mn to $7Mn mcap is brutal. I rmb cut it on the day trump launched, minus mid 6-figs on that trade 😮💨
Base eco was .. not spared from demolition. Remember $REI $LUNA $GAME $VADER? Strong teams with avalanche-esque charts.
Would lean towards accumulating if there were visibility on flows and supply distribution.
DESK Dev Updates :: Iteration 3
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:: Trading UX Enhancements ::
[✓] Order management from the chart
[✓] Dynamic Layout
[✓] Added time frame selection for funding rate
[✓] Displayed user’s limit order in order book
[✓] TP/SL option for limit order
[✓] Approve and deposit collateral in single button click
[✓] Allow stop order to be placed as follow buy/sell
[✓] Support Coinbase Smart Wallet Integration
[✓] Copy/Download/Share PnL banner
[✓] Copy/Post Referral Link to social media
:: UI & Navigation Improvements ::
[✓] New Market Page
:: Sequencer ::
[✓] Enhance performance on market stats endpoint
[✓] Cancel all order response contains list of order cancelled
[✓] Background backup task to improve performance and latency
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Some big initiatives we're working on as per community feedbacks: multi-chain integration and the release of multi-collateral support.
@crypton_3@TradeOnDESK exploit and smart contract risks should be mitigated through security measures like audits and security contests, which we have conducted with Cantina.
@manapowwr@TradeOnDESK Errr ser.. Just a reminder, the launch of DESK and everything here has bee approved by HMX token holders. (Attached snapshot for your reference: https://t.co/C9vjYbMyJD)
We still working hard, shipping improvements, work on more marketings.
DESK Dev Updates :: Iteration 2
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:: Trading UX Enhancements ::
[✓] Improve UI/UX for paginated data
[✓] Add Price Protection Threshold break down for each order type
[✓] User options during place order (Buy/Sell, Order Type, Reduce Only) are persisted even after user left the page.
[✓] Optimize chart query performance
[✓] Add notification when Limit Order is matched
[✓] Add Price Protection validation when placing order
[✓] 3 New landing pages for marketing campaigns
[✓] Support smart wallet contract signature validation
:: Liquidity ::
[✓] Improve market makers uptime by 20%
:: Date Sites Integration ::
[✓] Global stats endpoint for DefiLlama Integration
[✓] Orderbook endpoint for Coingecko Integration
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We’re rolling out major updates to enhance the trading experience next week, along with highly requested features from our community.
We’re also in the process of designing Vault + incentives for depositors—stay tuned!
Keep shipping! ⛴️📦
Flashblocks make Base faster
This 10x change makes Base the fastest EVM chain to date, bringing effective block times from 2 seconds down to 200 milliseconds —and they're live on testnet right now + coming to mainnet in Q2