在涉及果冻令牌的重大清算事件之后，Hyplliquid加强了风险管理

在涉及果冻令牌的重大清算事件之后，加密衍生品平台超流动液正在加强风险管理。防止受影响的损失

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

涉及果冻代币的重大清算事件促使加密衍生品平台超级流动性加强其风险管理协议。

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.

为了减轻在定居点担任长果冻职位的受影响交易者的损失，该平台将以0.037555美元的价格向他们偿还。但是，重要的是要注意，标记的帐户将不符合此退款的条件。

What triggered the Hyperliquid liquidation incident involving the JELLY token?

是什么触发了涉及果冻代币的超液体清算事件？

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.

该问题始于交易员以果冻的400万美元自行贸易，低价为0.0095美元。此举导致果冻的价格飙升超过四次，促使Hyplliquid的后台保护系统（HLP）介入并清算了该职位。

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

但是，这种清算最终导致HLP的帐户价值造成损失。

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.

虽然超流动性有限制以防止过度的开放兴趣，但当HLP控制该职位时，问题出现了。该系统没有触发自动（ADL）来管理风险，而是像往常一样继续运行，因为它在多个保管库中共享了抵押品。这个缺陷使HLP暴露于意外损失。

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首席执行官Gracy Chen批评了Hyproliquid对3月26日事件的处理，警告说，其风险管理方法可能会将其变成“ FTX 2.0”。她对该平台如何管理清算活动表示担忧，这表明它对交易所的稳定性构成了重大风险。

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

3月26日果冻事件发生后，超流动性做出了什么变化？

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正在做出几项关键更改，以防止3月26日的另一个主要问题。该平台正在收紧对清算人金库的控制权，该库将涉足出错的大型交易。现在，它将无法承受太大的风险，而来自其他保险库的钱将不会自动用于弥补损失。如果损失超出了设定的限制，应急系统（ADL）将开始稳定事物。

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.

另一个重要的更新是，交易限制（OI CAPS）现在将根据市场规模进行调整。这将防止巨额交易引起突然的价格飙升或崩溃。

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将引入一个投票系统，如果验证者没有足够的流动性或市场活动，则验证者将决定是否删除某些资产。这些更改旨在使平台更安全，更稳定。

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

悬挂式果冻事件的危险引起了什么担忧？

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.

一个X用户Hung Dang提出了有关最近的超流动事件的关键点，质疑在平台介入之前退出保险库的用户会发生什么。如果他们早点退出，他们的损失将是自己的，而不是被保库操作员覆盖。

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，由于他们无法知道超流动性是否会介入，因此他们处于困难的位置 - 遇到了可能避免的其他人可能避免的损失。这突出了交易者在危机期间遇到的不确定性。

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

总体而言，果冻事件是对超流动性的警钟，揭示了需要更强大安全措施的系统漏洞。