TechFlow news, March 28 — According to a Hyperliquid announcement, due to the abnormal trading incident in the JELLY market, users holding long positions in JELLY will be refunded by the foundation at the settlement price of 0.037555. Except for marked addresses, this compensation benefits all JELLY traders. Hyperliquid has announced improvements to risk management as follows:
1. HLP (Liquidator Treasury):
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The Liquidator treasury will have strict limits, representing only a small portion of the total HLP account value.
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The treasury will reduce rebalancing frequency and introduce more sophisticated logic for handling buyback liquidations.
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When losses in the Liquidator treasury exceed a certain threshold, ADL (Auto-Deleveraging) will be triggered instead of automatically transferring collateral from other component treasuries.
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ADL is not expected to be triggered under normal market conditions.
2. OI Cap (Open Interest Cap):
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The open interest cap will be dynamically adjusted based on the market capitalization of each market to ensure risks remain manageable.
3. Asset Delistings:
- Validators will delist assets that fail to meet standards via an on-chain voting mechanism.
