Odaily Planet Daily News According to Hyperliquid's announcement, due to the abnormal trading event in the JELLY market, users holding JELLY long positions will be compensated at a price of 0.037555 at the time of settlement. Except for the marked address, this compensation is beneficial to all JELLY traders.
In addition, Hyperliquid reviewed the JELLY liquidation event and stated that Hyperliquid has strengthened risk management, including:
HLP Liquidator Management: Set a stricter account value limit, reduce the frequency of rebalancing, and introduce more complex repurchase liquidation logic. If the loss of Liquidator exceeds the threshold, it will trigger ADL instead of automatically using other component collateral;
Opening limit: The opening limit will be dynamically adjusted according to the market value;
Asset delisting mechanism: Validators will delist assets below the threshold through on-chain voting.