Trading Notes | Decentralized Perpetual Contracts
① On transparent on-chain platforms like Hyperliquid, large positions and liquidation prices are usually visible to anyone.
② Since V4, dYdX has run on its own blockchain built using the Cosmos SDK.
③ On transparent on-chain platforms, the liquidation prices of large positions are publicly visible and may attract the attention of other traders, making it even more important to manage leverage.
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