The ins and outs of Hyperliquid's recent delisting of Jelly I just talked to @ StarGoddesX98 from @ edgeX_exchange about the Jelly liquidation event in the HLP takeover of the vault by Hyperliquid. It wasn't that HyperLiquid unplugged the network cable, but directly modified the oracle price, that is, the Jelly price. So everyone saw Jelly leveling off at a low price This directly led to jelly users on the hyper platform who were long making less profit or even losing money And even fewer users who shorted Jelly cleared, including the loss of Jelly's empty orders in the official HLP vault When I think back on this behavior, it's quite frustrating. I directly modified the token price, but in the situation at that time, if I wanted to choose the lesser of the two harms, I had to do it this way. The fundamental problem was still the risk control mechanism of Hyperliquid itself As an early supporter and promoter of Hyperliquid, I am quite emotional and deeply connected. After all, I did achieve great results in the Hype airdrop and led many people to airdrops worth millions of dollars on single accounts Even if Hyperliquid doesn't work out in the end, I will still make a profit from it, because I sold half of the airdropped chips, but I still don't want it to go downhill in my heart. For those who join Hyperliquid later, they do need to consider the related risks, after all, everyone is here to invest and make money, not to accompany them I am still very optimistic about on chain derivatives, because Hyperliquid has indeed opened a hole in the market and created a bloody path. If Hyperliquid still goes downhill in the end, it is its own problem, not the problem of on chain derivatives