Why are more and more people going to @ HyperliquidX to place orders, creating a seemingly irreversible trend. Because it is highly relevant to the previous article on HL clearing mechanism, I will continue to discuss it. （ https://app.hyperliquid.xyz/join/MAID ）？ Just two points 1. A clearing mechanism that maximizes the retention of user funds: Those who frequently open large orders on the exchange may have experienced such tragedies, even though their accounts still have assets worth 10000 to 20000 U. Once a needle strikes and triggers liquidation, all excess losses will be directly collected. And in HL 1.1. The condition for triggering liquidation is usually when the account balance is less than half of the initial margin (within 40 times leverage). For example, when a 100u margin is used for billing, if the account funds are less than 50u, it will be cleared For orders over 100000 units, the settlement process is to settle 20% every 30 seconds. When the liquidation deficit exceeds one-third, HLP treasury will bear the loss and directly accept this order. Maximizing the protection of users' funds. And it will not charge users for warehouse clearance fees and excessive clearing like CEX. 1.3. There is no high 0.5% clearance fee in the exchange, and VIP users are given priority in clearing when there is no collective clearing in the exchange. VIP orders are publicly and transparently queued for all orders. The liquidation profit and risk shall be jointly borne by HLP 2. Cheaper billing costs, greater leverage: 2.1 HLP uses a fixed margin rate mechanism, allowing for very large opening and leverage. Major liquidation losses shall be borne by HLP. two point two The rate of Hyperliquid is calculated based on a 14 day rolling trading volume (perks trading volume+2 times spot trading volume) grading, evaluated daily in UTC time. The transaction volume of the sub account is calculated as the main account, and the maker rebate is directly paid to the wallet. two point three The Taker rate is as low as a few basis points (0.024%), comparable to or lower than high volume CEX (such as Binance's 0.02% -0.04%), and the Maker rate is often 0% or negative (rebate). And although it is DEX, the full name is zero gas fee for the user side Almost no need to swipe VIP to get a billing experience that exceeds the transaction fee advantage of top tier VIP on CEX. Hyperliquid registered address: https://app.hyperliquid.xyz/join/MAID Hyper Contract Community, Billing Information Dashboard https://hyperdash.info/ Hyper ecological order tracking tool https://hyper. (faster100x.com)? ref=MAID20