For the first time in a while, I'm buying back some $ETH right now!
I'm not going all in, but I think that for once, $ETH is interesting after a year of no interest for me.
The big positive aspect of this correction since January is that we've had far less scammers now in the ecosystem.
I took about ten positions in March, and not a single rug pull in sight! 🙏
To date, Hyperliquid has processed over $1 trillion in trading volume and become the first DEX to rival CEX scale. As volume and open interest continue to grow, there are increasingly large tests for the margining system. Yesterday’s event highlighted an opportunity to strengthen the margining framework to address extreme conditions more robustly. Immediate review was undertaken to analyze the scenario in detail and investigate ways to mitigate similar situations. Risk management is, and has always been, a top priority. It is a constant focus, even if not publicly highlighted each day.
To that effect, there will be a change to require 20% margin ratio on margin transfers in a network upgrade after March 15 0:00 UTC. "Margin transfer" refers to funds leaving cross wallet and isolated margin positions. Examples include withdrawals, perp to spot transfers, and adding or removing isolated margin. This change does not affect the opening of new cross margin positions and only affects new isolated margin positions if cross margin usage would exceed 5x after the isolated position is opened. This update is intended to maintain healthier margin requirements and reduce the systemic impact of large positions with hypothetical market impact upon closing.
As always, Hyperliquid remains committed to providing a performant, transparent, and resilient trading environment and delivering the best possible experience for users.
Bitcoin remains unfazed by bond market volatility as most short-term macro investors exited the market early this year. reports @godbole17
https://t.co/hFDepTewfW