Odaily Planet Daily News: In response to the previous incident where an address imitated the 50 times leverage whale operation on Hyperliquid and threw 398 million JELLY empty orders to Hyperliquid, causing the Hyperliquid vault to face liquidation and losses, Sonic Labs co-founder Andre Cronje stated on the X platform that the size of the position is not a fixed function of leverage, but depends on available liquidity and implementation volatility. Small positions can be 1000 times leverage, while large positions are only 1.2 times leverage. There cannot be fixed values in DeFi.
OKEx will open the spot trading pair JELLYJELLYUSDT at 11:30 PM (UTC+8) on March 26, 2025.
Project Introduction: JELLYJELLY (Jelly-My-Jelly) is a meme token based on the Solana blockchain, focusing on the integration of 'social + blockchain', aiming to provide AI-driven interactive features (such as short video sharing and editing) through its namesake video application, granting holders priority access.
In response to a certain address's imitation of the 50 times leverage whale operation on Hyperliquid today, which resulted in 398 million JELLY empty orders being thrown to Hyperliquid, causing the Hyperliquid vault to face liquidation and losses, Sonic Labs co-founder Andre Cronje posted on the X platform: "I hate (using the Hyperliquid mechanism) this practice. Position size should not be a fixed function formula of leverage, but should depend on available liquidity and actual volatility. For example, small positions can be given 1000 times leverage, while large positions can be given 1.2 times leverage. In the DeFi field, leverage ratio cannot be set to a fixed value.
Regarding the suggestion from community users that Binance could consider launching JellyJelly, He Yi responded on X platform, saying, "Okay, received.
According to Foresight News, Nick Sway, CEO of Fuel Network, stated in an article that due to current market conditions, Fuel Labs has made a difficult but necessary decision to reduce its workforce by approximately 30%. This is a strategic step to focus attention, streamline execution, and maintain our roadmap. For those affected employees, it is committed to supporting a smooth transition: providing additional compensation beyond the scope of the contract agreement, providing a contact list for those who choose to join recruitment support, and multiple recruitment companies ready to provide assistance at any time
