How do decentralized perpetual contracts work?
GMX uses a pool model: traders trade against the liquidity pool, and opening and closing prices are based on oracle prices.
On transparent on-chain platforms like Hyperliquid, large positions and their liquidation prices are usually visible to anyone.
The most important thing to keep in mind when managing a position: on transparent on-chain platforms, everyone can see the liquidation prices of large positions, making them easy targets. That makes controlling your leverage even more important.
$HYPE 81.58 (-0.95%)
#HYPE
Do your own research before placing an order.
GMX uses a pool model: traders trade against the liquidity pool, and opening and closing prices are based on oracle prices.
On transparent on-chain platforms like Hyperliquid, large positions and their liquidation prices are usually visible to anyone.
The most important thing to keep in mind when managing a position: on transparent on-chain platforms, everyone can see the liquidation prices of large positions, making them easy targets. That makes controlling your leverage even more important.
$HYPE 81.58 (-0.95%)
#HYPE
Do your own research before placing an order.