Everyone Can See Where You Get Liquidated 💥
Every liquidation heatmap I use for TA exists because on an onchain perp venue your position, your leverage and the price that wipes you out are all public.
$HYPE made that normal, and tools like CoinGlass and HypurrScan turn those levels into maps that anyone can trade against.
Perps on $SOL work the same way, since a position is a program state anyone can read from the moment you open it.
In June one well-known Hyperliquid trader was liquidated seven times in ten hours with onchain trackers narrating every hit live, and that is the problem with a visible cluster of liquidations, it becomes a target and once price reaches it the forced selling does the rest.
October 10 last year showed how fast those clusters unwind, with more than $19B of leveraged positions wiped out in a single day, the largest on record.
On Arcium a perp venue can keep each position's size and leverage as sealed inputs, split into fragments across a cluster of nodes where no single node holds a readable copy, and still run the margin check correctly, so the only thing that becomes public is a liquidation when it actually happens.
That liquidation still settles on Solana as an ordinary public transaction, so the venue stays auditable.
Worth being exact on what is live, because sealed computation has run on Mainnet Alpha since February 2 with more than 2.5 million computations, while C-SPL, which will seal the collateral amounts moving in and out, has not shipped, so a sealed perp venue is buildable today but not fully sealed yet.
My read is that the first perp venue that stops publishing its liquidation map pulls in the DeFi size that currently refuses to trade onchain.
#DeFi #Solana
Every liquidation heatmap I use for TA exists because on an onchain perp venue your position, your leverage and the price that wipes you out are all public.
$HYPE made that normal, and tools like CoinGlass and HypurrScan turn those levels into maps that anyone can trade against.
Perps on $SOL work the same way, since a position is a program state anyone can read from the moment you open it.
In June one well-known Hyperliquid trader was liquidated seven times in ten hours with onchain trackers narrating every hit live, and that is the problem with a visible cluster of liquidations, it becomes a target and once price reaches it the forced selling does the rest.
October 10 last year showed how fast those clusters unwind, with more than $19B of leveraged positions wiped out in a single day, the largest on record.
On Arcium a perp venue can keep each position's size and leverage as sealed inputs, split into fragments across a cluster of nodes where no single node holds a readable copy, and still run the margin check correctly, so the only thing that becomes public is a liquidation when it actually happens.
That liquidation still settles on Solana as an ordinary public transaction, so the venue stays auditable.
Worth being exact on what is live, because sealed computation has run on Mainnet Alpha since February 2 with more than 2.5 million computations, while C-SPL, which will seal the collateral amounts moving in and out, has not shipped, so a sealed perp venue is buildable today but not fully sealed yet.
My read is that the first perp venue that stops publishing its liquidation map pulls in the DeFi size that currently refuses to trade onchain.
#DeFi #Solana
