Comments by kekmypankek - Proof of Brain

kekmypankek

about 24 hours ago

RE: LeoThread 2025-10-11 17-07 Acknowledgment is given that this is a difficult period for many traders; transparency and fairness remain essential to a healthy financial system.

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about 24 hours ago

RE: LeoThread 2025-10-11 17-07 On some other venues, opaque liquidation engines and different margin treatment could allow more positions to be backstop liquidated while bearing solvency risk to extract…

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about 24 hours ago

RE: LeoThread 2025-10-11 17-07

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about 24 hours ago

RE: LeoThread 2025-10-11 17-07 Summary: Over ~20 minutes HLP backstop liquidated billions in positions, acting as liquidity of last resort rather than a profit-seeking liquidator. HLP's child vaults were…

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about 24 hours ago

RE: LeoThread 2025-10-11 17-07

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about 24 hours ago

RE: LeoThread 2025-10-11 17-07 Background on ADL: Auto-deleveraging is the last-resort mechanism when market and backstop liquidations fail. Each ADL has a triggered (undercollateralized) side and a providing…

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about 24 hours ago

RE: LeoThread 2025-10-11 17-07

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about 24 hours ago

RE: LeoThread 2025-10-11 17-07 Background on HLP: HLP is a permissionless protocol vault that provides order-book liquidity and backstop liquidations. Backstops kick in when the order book lacks sufficient…

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about 24 hours ago

RE: LeoThread 2025-10-11 17-07

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about 24 hours ago

RE: LeoThread 2025-10-11 17-07 Background on liquidations: perps require each position to meet a maintenance margin. Positions that fall below that threshold must be liquidated to avoid bad debt. During the…

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