19h ago
For those who think traders will be liquidated in @Lighter_xyz due to the $98 HYPE wick, study this:
Oh you don't understand? No worries, maths are hard.
You just need to know: Mark price are capped to deviate by 0.5% from Index Price - Unless you can manipulate price in other dexes as well.
In order to force liquidation of other traders, you can't just manipulate price in Lighter , you need to manipulate spot price of the underlying assets + manipulate all the centralized exchanges that provide oracle price to the asset as well.
15.8K
141
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.