风无向🎒
风无向🎒|Aug 28, 2025 05:16
Hype really messed up this time. After WLFI and XPL prices deviated from the market price for a day, it led to $40-50M in liquidation for arbitrage users. They changed the pre-market contract liquidation price to the index price (referencing weighted prices from Binance and other markets) instead of Hyperliquid's market mark price. A lot of friends are doing BP arbitrage, leveraging platform lending and unified account models for arbitrage, which actually carries no exposure. However, sometimes MMR still increases due to the price difference between spot and contract prices. What happens if someone manipulates BP's spot price, like SOL's spot price deviating significantly from the contract price for 5-10 minutes? Would the sudden spike in MMR lead to liquidations? If something like this happens, how would BP respond? How would they deal with whales manipulating prices? @armaniferrante
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