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@canikizu "It is basic math. LLP was 400m tvl and only need to service 2B OI so there were only so much OI it needs to cover. On the other hand HLP as 400m TVL and there was 15B OI to cover it couldnt do it and ADL took place. A simpler example would be GMX which is a AMM perp dex where the TVL always is enough to cover OI has seen BTC dipped down to only $104102 which is better than Lighter"
X Link @canikizu 2025-10-12T20:55Z XX followers, XX engagements

"@chewaeth @Lighter_xyz @HyperliquidX Think about it another way. LLP had 400m TVL and down X% for covering 0.9B OI. If Lighter had the same OI as Hyperliquid 15B how down LLP would be If LLP worked as intended insurance fund why is Lighter looking to compensate LLP depositors"
X Link @canikizu 2025-10-12T22:25Z XX followers, XXX engagements

"@YippieDeGod @Pickle_cRypto What does that mean How come one got falsely liquidated"
X Link @canikizu 2025-10-15T05:35Z XX followers, XX engagements

"@0xLouisT Irony is that Hyperbeats delta-neutral strategy coins got ADLed and ended up with biggest profit ever since the short legs was traded way below the spot price. It boils down to the design of the coin and how they take into account of ADL i guess"
X Link @canikizu 2025-10-13T12:40Z XX followers, XXX engagements

"@ngmingmingmi @LGdanuT Even people on Binance got ADLed and Chinese twitter complained about it. Lighter didnt get ADL and LLP people got suffered and the platform is giving out compensation lol. If there is compensation does it mean the platform worked as intended"
X Link @canikizu 2025-10-12T20:46Z XX followers, XX engagements

"If @Lighter_xyz LLP works as intended insurance fund and they took a hit why is there a need for platform to compensate LLP depositors"
X Link @canikizu 2025-10-12T20:48Z XX followers, XX engagements

"Yes HL is the place with most heavily leveraged traders and most aggressive one. On Binance and Bybit the higher the notional value of the trade the less leverage one can get. For example on Binance 12m trade can only have max leverage of x25 (capital $480k) a 100m trade can only have max leverage x10 (need capital of 10m). On Hyperliquid as long as you have enough fund in cross you can open x40 with 10m resulting in notional of 400m"
X Link @canikizu 2025-10-12T13:07Z XX followers, XX engagements