Sonic Labs Joint Creation: Hates the use of Hyperliquid mechanism, leverage cannot be set to a fixed value
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.