How do on-chain perpetual contracts work?
On transparent on-chain platforms like Hyperliquid, large positions and liquidation prices are often visible to everyone.
GMX uses a pool model: traders trade against a liquidity pool, and opening and closing prices are based on oracle quotes.
When managing funds, the most important thing to keep in mind is that on transparent on-chain platforms, anyone can see the liquidation prices of large positions, which could make them targets. Managing leverage is even more important.
$HYPE 85.12（-0.082%）
#HYPE
For reference only. Not investment advice.
On transparent on-chain platforms like Hyperliquid, large positions and liquidation prices are often visible to everyone.
GMX uses a pool model: traders trade against a liquidity pool, and opening and closing prices are based on oracle quotes.
When managing funds, the most important thing to keep in mind is that on transparent on-chain platforms, anyone can see the liquidation prices of large positions, which could make them targets. Managing leverage is even more important.
$HYPE 85.12（-0.082%）
#HYPE
For reference only. Not investment advice.