Hypliquid退出了2亿美元的杠杆以太坊交易，利润为180万美元，HLP吸收了400万美元的损失

使用钱包“ 0xf3f4”的超流动性交易者存入了430万美元的USDC，在以太坊上开设了50倍的杠杆杠杆位置，积累了113000 ETH，价值超过2亿美元。以太坊的价格上涨后，交易员撤回了资金，将其利润率降低到了所需的水平并触发清算水平。尽管被迫关闭，但交易员仍然保留了180万美元的利润（对于清算的非典型结果），而超流动性的流动性池（HLP）吸收了400万美元的亏损。

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.

一名分散交易过度流动性的交易员以180万美元的利润退出了2亿美元的杠杆以太坊贸易，而该平台的流动性池吸收了400万美元的损失，促使杠杆调整以减轻未来风险。

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.

交易者使用钱包“ 0xf3f4”，在周一的平均价格为以太坊上的50倍杠杆杠杆作用，以1,770美元的价格在以太坊上开放了50倍的杠杆。职位规模增至113,000 ETH，现在价值超过2亿美元。

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.

随着以太坊的价格上涨，交易员撤回了资金，将其利润率降低到所需水平并触发清算水平。尽管被迫关闭，但交易员仍然保留了180万美元的利润，这是清算的非典型结果，而Hypliquid的HLP损失了400万美元。

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是一个社区拥有的保险库，涵盖会员职位的赤字。它以有利的商标价格购买了交易者的头寸，但以较低的市场价格出售，从而造成了损失。 Hypliquid证实HLP的历史利润仍为6000万美元。

“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.

“没有协议利用或黑客。该用户的PNL未实现，撤回了，从而降低了其边缘，并已清算。他们以PNL的约180万美元结尾。 HLP在过去的24小时内损失了约400万美元，” Hyperliquid在周二的一份声明中说。

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

该平台还以40倍的限额将比特币杠杆限制为25倍，以创建更大的位置尺寸并更好地处理大型清算。

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.

该活动引发了关于DEFI风险的讨论，尤其是在高杠杆交易的情况下。炒作在恢复之前将炒作从14美元短暂下降到13美元的范围。

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

集中式交流通常会从内部储量中吸收此类缺陷，而Hypliquid的模型依赖于社区支持的HLP来共享损失。

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

Hyperliquid的调整旨在防止类似的事件，同时平衡用户在选择杠杆作用和稳定系统的需求方面的灵活性。

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

该事件增加了Defi协议所面临的不断发展的挑战，尤其是通过高风险交易测试的分散风险分享模型。