在涉及果凍令牌的重大清算事件之後，Hyplliquid加強了風險管理

在涉及果凍令牌的重大清算事件之後，加密衍生品平台超流動液正在加強風險管理。防止受影響的損失

A major liquidation event involving the JELLY token has prompted crypto derivatives platform Hyperliquid to step up its risk management protocols.

涉及果凍代幣的重大清算事件促使加密衍生品平台超級流動性加強其風險管理協議。

To mitigate losses for affected traders who held long JELLY positions at settlement, the platform will be reimbursing them with $0.037555. However, it’s important to note that flagged accounts will not be eligible for this refund.

為了減輕在定居點擔任長果凍職位的受影響交易者的損失，該平台將以0.037555美元的價格向他們償還。但是，重要的是要注意，標記的帳戶將不符合此退款的條件。

What triggered the Hyperliquid liquidation incident involving the JELLY token?

是什麼觸發了涉及果凍代幣的超液體清算事件？

The issue started with a trader executing a self-trade of 4 million USDC in JELLY at a low price of $0.0095. This move caused JELLY’s price to surge more than four times, prompting Hyperliquid’s backstop protection system (HLP) to step in and liquidate the position.

該問題始於交易員以果凍的400萬美元自行貿易，低價為0.0095美元。此舉導致果凍的價格飆升超過四次，促使Hyplliquid的後台保護系統（HLP）介入並清算了該職位。

However, this liquidation ended up causing losses to HLP’s account value.

但是，這種清算最終導致HLP的帳戶價值造成損失。

While Hyperliquid had restrictions in place to prevent excessive open interest, the problem arose when HLP took control of the position. Instead of triggering automatic (ADL) to manage the risk, the system continued operating as usual because it shared collateral across multiple vaults. This flaw exposed HLP to unexpected losses.

雖然超流動性有限制以防止過度的開放興趣，但當HLP控制該職位時，問題出現了。該系統沒有觸發自動（ADL）來管理風險，而是像往常一樣繼續運行，因為它在多個保管庫中共享了抵押品。這個缺陷使HLP暴露於意外損失。

Bitget CEO Gracy Chen criticized Hyperliquid’s handling of the March 26 incident, warning that its approach to risk management could turn it into “FTX 2.0.” She expressed concerns over how the platform managed the liquidation event, suggesting it posed significant risks to the exchange’s stability.

Bitget首席執行官Gracy Chen批評了Hyproliquid對3月26日事件的處理，警告說，其風險管理方法可能會將其變成“ FTX 2.0”。她對該平台如何管理清算活動表示擔憂，這表明它對交易所的穩定性構成了重大風險。

What changes is Hyperliquid making after the March 26 JELLY incident?

3月26日果凍事件發生後，超流動性做出了什麼變化？

Hyperliquid is making several key changes to prevent another major issue like the one on March 26. The platform is tightening control over its Liquidator vault, which steps in for big trades that go wrong. Now, it won’t be able to take on too much risk, and money from other vaults will not be automatically used to cover losses. If losses go beyond a set limit, an emergency system (ADL) will kick in to stabilize things.

Hyproliquid正在做出幾項關鍵更改，以防止3月26日的另一個主要問題。該平台正在收緊對清算人金庫的控制權，該庫將涉足出錯的大型交易。現在，它將無法承受太大的風險，而來自其他保險庫的錢將不會自動用於彌補損失。如果損失超出了設定的限制，應急系統（ADL）將開始穩定事物。

Another important update is that trading limits (OI caps) will now adjust based on market size. This will prevent huge trades from causing sudden price spikes or crashes.

另一個重要的更新是，交易限制（OI CAPS）現在將根據市場規模進行調整。這將防止巨額交易引起突然的價格飆升或崩潰。

On top of that, Hyperliquid will introduce a voting system where validators will decide whether to remove certain assets if they don’t have enough liquidity or market activity. These changes aim to make the platform safer and more stable for traders.

最重要的是，Hyproliquid將引入一個投票系統，如果驗證者沒有足夠的流動性或市場活動，則驗證者將決定是否刪除某些資產。這些更改旨在使平台更安全，更穩定。

What concern did Hung Dang raise about the Hyperliquid JELLY incident?

懸掛式果凍事件的危險引起了什麼擔憂？

One X user, Hung Dang, raises a critical point about the recent Hyperliquid incident, questioning what happens to users who withdrew from the Vault before the platform intervened. If they pulled out early, their losses would be their own, rather than being covered by the Vault operator.

一個X用戶Hung Dang提出了有關最近的超流動事件的關鍵點，質疑在平台介入之前退出保險庫的用戶會發生什麼。如果他們早點退出，他們的損失將是自己的，而不是被保庫操作員覆蓋。

However, since they had no way of knowing whether Hyperliquid would step in, they were in a difficult spot—potentially facing losses that others who remained might have avoided. This highlights the uncertainty traders encountered during the crisis.

但是，由於他們無法知道超流動性是否會介入，因此他們處於困難的位置 - 遇到了可能避免的其他人可能避免的損失。這突出了交易者在危機期間遇到的不確定性。

Overall, the JELLY incident was a wake-up call for Hyperliquid, revealing system loopholes that need stronger security measures.

總體而言，果凍事件是對超流動性的警鐘，揭示了需要更強大安全措施的系統漏洞。