“Hyperliquid’s Security Revamp: When Jelly Met Wobble” 🍓💥

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So, you know how sometimes you try to make a cute little jelly dessert and the whole thing just ends up a wobbly, expensive mess? Well, Hyperliquid just had their own jelly incident, and it was about as sweet as a lemon. 🍋

Turns out, some over-enthusiastic trader played a little too much “guess who’s coming to liquidation” and left Hyperliquid’s (HYPE) market-making vault holding the proverbial bag of jelly, to the tune of $10.63 million. Yikes! 😱

they’re changing how their liquidation vault triggers work. Before, it was like a game of musical chairs where everyone loses. Now, it’s more like musical chairs where you get booted if you’re too risky. Fun!

Hyperliquid’s also jazzing up their open interest caps, which is like setting a limit on how much jelly you can pile on your toast. Now, it’ll adjust based on the market’s mood swings. Because nobody likes a jelly overload. 🥐

And for the cherry on top, validators get to play “hot potato” with risky assets. If an asset gets too hot to handle, they can vote to chuck it out the window. Safety first, kids! 🚦

But it’s not all rainbows and unicorns. Hyperliquid’s still trying to clean up the jelly mess. According to DeFi Llama, their liquidity vault’s value has shrunk faster than my hopes and dreams. And HYPE? Well, it’s tanking harder than my high school prom date. 💔

So, if you’re looking for a bit of schadenfreude with your morning coffee, you’re welcome. 🍵

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2025-03-28 11:16