Hypliquid退出了2億美元的槓桿以太坊交易，利潤為180萬美元，HLP吸收了400萬美元的損失

使用錢包“ 0xf3f4”的超流動性交易者存入了430萬美元的USDC，在以太坊上開設了50倍的槓桿槓杆位置，積累了113000 ETH，價值超過2億美元。以太坊的價格上漲後，交易員撤回了資金，將其利潤率降低到了所需的水平並觸發清算水平。儘管被迫關閉，但交易員仍然保留了180萬美元的利潤（對於清算的非典型結果），而超流動性的流動性池（HLP）吸收了400萬美元的虧損。

A trader on decentralized exchange Hyperliquid has exited a $200 million leveraged ethereum trade with a $1.8 million profit, while the platform’s liquidity pool absorbed a $4 million loss, prompting leverage adjustments to mitigate future risks.

一名分散交易過度流動性的交易員以180萬美元的利潤退出了2億美元的槓桿以太坊貿易，而該平台的流動性池吸收了400萬美元的損失，促使槓桿調整以減輕未來風險。

The trader, using wallet “0xf3f4,” deposited $4.3 million in USDC to open a 50x leveraged long position on ethereum at an average price of $1,770 on Monday. The position size grew to 113,000 ETH, now worth over $200 million.

交易者使用錢包“ 0xf3f4”，在周一的平均價格為以太坊上的50倍槓桿槓桿作用，以1,770美元的價格在以太坊上開放了50倍的槓桿。職位規模增至113,000 ETH，現在價值超過2億美元。

As ethereum’s price rose, the trader withdrew funds, reducing their margin below required levels and triggering liquidation. Despite the forced closure, the trader still retained a $1.8 million profit—an atypical outcome for liquidations, while Hyperliquid’s HLP took a $4 million loss.

隨著以太坊的價格上漲，交易員撤回了資金，將其利潤率降低到所需水平並觸發清算水平。儘管被迫關閉，但交易員仍然保留了180萬美元的利潤，這是清算的非典型結果，而Hypliquid的HLP損失了400萬美元。

HLP is a community-owned vault that covers deficits in members’ positions. It bought the trader’s position at a favorable mark price but sold it at a lower market rate, incurring the loss. Hyperliquid confirmed that HLP’s all-time profit remains at $60 million.

HLP是一個社區擁有的保險庫，涵蓋會員職位的赤字。它以有利的商標價格購買了交易者的頭寸，但以較低的市場價格出售，從而造成了損失。 Hypliquid證實HLP的歷史利潤仍為6000萬美元。

“There was no protocol exploit or hack. This user had unrealized PNL, withdrew, which lowered their margin, and was liquidated. They ended with ~$1.8M in PNL. HLP lost ~$4M over the past 24h,” Hyperliquid said in a statement on Tuesday.

“沒有協議利用或黑客。該用戶的PNL未實現，撤回了，從而降低了其邊緣，並已清算。他們以PNL的約180萬美元結尾。 HLP在過去的24小時內損失了約400萬美元，” Hyperliquid在周二的一份聲明中說。

The platform is also capping bitcoin leverage at 40x and ethereum at 25x to create larger position sizes and better handle large liquidations.

該平台還以40倍的限額將比特幣槓桿限制為25倍，以創建更大的位置尺寸並更好地處理大型清算。

The event sparked discussion on risks in DeFi, especially with high-leverage trading. HYPE briefly fell from $14 to the lower $13 range before recovering.

該活動引發了關於DEFI風險的討論，尤其是在高槓桿交易的情況下。炒作在恢復之前將炒作從14美元短暫下降到13美元的範圍。

Centralized exchanges typically absorb such deficits from internal reserves, while Hyperliquid’s model relies on community-backed HLP to share losses.

集中式交流通常會從內部儲量中吸收此類缺陷，而Hypliquid的模型依賴於社區支持的HLP來共享損失。

Hyperliquid’s adjustments aim to prevent similar incidents while balancing user flexibility in choosing leverage with the need to stabilize the system.

Hyperliquid的調整旨在防止類似的事件，同時平衡用戶在選擇槓桿作用和穩定係統的需求方面的靈活性。

The event adds to the evolving challenges faced by DeFi protocols, especially with decentralized risk-sharing models being tested by high-stakes trades.

該事件增加了Defi協議所面臨的不斷發展的挑戰，尤其是通過高風險交易測試的分散風險分享模型。