AC Sharp Review Hyperliquid HLP Liquidation Event: Position Size Is Not a Fixed Function of Leverage, DeFi Should Not Have Fixed Value Leverage
In response to the previous "an address imitated the previous 50 times leverage whale operation on Hyperliquid to throw 398 million JELLY empty orders to Hyperliquid, causing the Hyperliquid vault to face liquidation and loss", Sonic Labs co-creator Andre Cronje posted on the X platform: Position size is not a fixed function of leverage, but depends on available liquidity and volatility, small positions can be 1000 times leverage, large positions are only 1.2 times. There can be no fixed value in DeFi.