haha "11.87B " was stated in their doc, then secretly deleted
haha "11.87B " was stated in their doc, then secretly deleted
该用户的聊天记录定位。
haha "11.87B " was stated in their doc, then secretly deleted
haha "11.87B " was stated in their doc, then secretly deleted
* Almost no communication with their users * Initially listed 11.87B shares, then secretly deleted them * the docs says nothing whether rebase or NOT. However, even if we declare no rebase, it's still a huge failure for both TradexYZ and the users. * Still Didn't clearly explain how stock splits would be handled. No rebase = No stock splits = GG? * The only exchange that did nothing * Made 90% of users with long positions lose 10% of their notion
* Almost no communication with their users * Initially listed 11.87B shares, then secretly deleted them * the docs says nothing whether rebase or NOT. However, even if we declare no rebase, it's still a huge failure for both TradexYZ and the users. * Still Didn't clearly explain how stock splits would be handled. No rebase = No stock splits = GG? * The only exchange that did nothing * Made 90% of users with long positions lose 10% of their notion
Over 90% of SPCX users were long, meaning these HyperLiquid + Trade.xyz users all suffered a 10% loss. Trade.xyz was the first exchange to list and stated 11.87B shares, but ironically, it was the only exchange that did nothing.
Over 90% of SPCX users were long, meaning these HyperLiquid + Trade.xyz users all suffered a 10% loss. Trade.xyz was the first exchange to list and stated 11.87B shares, but ironically, it was the only exchange that did nothing.
trade.xyz's handling of this matter is dishonest and disappointing.
trade.xyz's handling of this matter is dishonest and disappointing.
tradexyz founder: https://x.com/sershokunin
tradexyz founder: https://x.com/sershokunin
<@1417225527978233886> I've read through <Non-Arbitrage Conditions for Perpetual Forwards> 1. For SPCX, when there was a known future price gap, it was not reflected through funding, nor were long positions compensated. That mechanism failed. In practice, this did cause a 10% loss for long positions. I opened my long position at launch based on the 11.87B shares figure. 2. The article does not explain how stock splits should be handled. How do you plan to handle stock splits? Are you also planning to compensate long positions through funding? That would be very hard to believe. Could u clarify? Thank u.
<@1417225527978233886> I've read through <Non-Arbitrage Conditions for Perpetual Forwards> 1. For SPCX, when there was a known future price gap, it was not reflected through funding, nor were long positions compensated. That mechanism failed. In practice, this did cause a 10% loss for long positions. I opened my long position at launch based on the 11.87B shares figure. 2. The article does not explain how stock splits should be handled. How do you plan to handle stock splits? Are you also planning to compensate long positions through funding? That would be very hard to believe. Could u clarify? Thank u.
This is trade.xyz guy. I think it is better to discuss trade.xyz problem here, in this open space.
This is trade.xyz guy. I think it is better to discuss trade.xyz problem here, in this open space.
For stock splits, can you confirm the exact position-adjustment mechanics? For example, if xyz:META has a 3-for-1 split, would a 100-contract long position become 300 contracts with the entry price divided by 3, preserving notional exposure?
For stock splits, can you confirm the exact position-adjustment mechanics? For example, if xyz:META has a 3-for-1 split, would a 100-contract long position become 300 contracts with the entry price divided by 3, preserving notional exposure?
Please clarify these two situations, thanks
Please clarify these two situations, thanks
1. If Meta announces tomorrow that its stock is doing a 3-for-1 split, would long positions directly lose two-thirds of their notional value? 2. If NVDA announces a special dividend of $10 per share tomorrow, would our xyz:NVDA long positions instantly lose $10 per share?
1. If Meta announces tomorrow that its stock is doing a 3-for-1 split, would long positions directly lose two-thirds of their notional value? 2. If NVDA announces a special dividend of $10 per share tomorrow, would our xyz:NVDA long positions instantly lose $10 per share?
> since it tracks per share 1. If Meta announces tomorrow that its stock is doing a 3-for-1 split, would long positions directly lose two-thirds of their notional value? 2. If NVDA announces a special dividend of $10 per share tomorrow, would our xyz:NVDA long positions instantly lose $10 per share?
> since it tracks per share 1. If Meta announces tomorrow that its stock is doing a 3-for-1 split, would long positions directly lose two-thirds of their notional value? 2. If NVDA announces a special dividend of $10 per share tomorrow, would our xyz:NVDA long positions instantly lose $10 per share?
<@1417225527978233886> sorry to tag u, but it is very important. If trade.xyz does not rebase pre-IPO stocks for share-count changes, does that mean it would also not rebase stocks for stock split?
<@1417225527978233886> sorry to tag u, but it is very important. If trade.xyz does not rebase pre-IPO stocks for share-count changes, does that mean it would also not rebase stocks for stock split?
Just like today, Binance ruthlessly wiped out the long positions on HyperLiquid. If hyperliquid(xyz) continues to do nothing, this will happen again and again
Just like today, Binance ruthlessly wiped out the long positions on HyperLiquid. If hyperliquid(xyz) continues to do nothing, this will happen again and again
> since it tracks per share Furthermore, if a stock undergoes a stock split, will Hyperliquid (XYZ) also do nothing? Does this mean the longs could suffer heavy losses at any time?
> since it tracks per share Furthermore, if a stock undergoes a stock split, will Hyperliquid (XYZ) also do nothing? Does this mean the longs could suffer heavy losses at any time?
This feels like playing word games instead of protecting users, turning our bullish positions into pure gambling instead of investing based on stock fundamentals.
This feels like playing word games instead of protecting users, turning our bullish positions into pure gambling instead of investing based on stock fundamentals.