Metamind.eth

How would you improve upon this summary bullet ✅ Fact-check: Multiple sources report that on 10 October, the crypto market saw nearly US$20 billion in leveraged position liquidations.  📌 Revised bullet: Contagion risk: The 10/10 cascade wiped out ~US$20 billion in leveraged positions, triggering a rapid cross-venue contagion of forced selling.

A Difficult Personal Decision I’ve made the personal decision to step away from trading on HyperLiquid. And I want to stress that word - personal (and difficult). I’m not asking anyone to follow me. I’m simply acting in alignment with where my values have moved. Most of you have watched my thinking evolve over time. That’s what we’re supposed to do as human beings: evolve, refine, shed old frameworks, and build better ones. And look - I know you’re not supposed to develop an emotional attachment to a protocol, but HyperLiquid was different for me. Jeff built something the market desperately needed. He dragged structural fairness into the spotlight and paved the way for a better conversation. He and the HL team deserve their chapter in crypto’s history books. I personally hope they continue to write new ones. But if you’ve followed me for any length of time, you also know I’m an idealist - maybe to a fault - and I can’t turn off the portion of my brain that not only can see things as they currently are but continues to believe in what they should be. 10/10 ripped the mask off the industry for the new folks. Or for those who’ve been around long enough, it simply reminded us how fragile and easily manipulated this ecosystem still is. The fact that one centralized exchange can trigger a global liquidation cascade and force temporary price dislocations across every protocol? That’s not a “black swan.” That’s a design flaw. Here’s a short recap: Binance relied on its own oracle - which depegged a stablecoin. That started a smaller, but manageable, liquidation chain. The real chaos began when their API mysteriously went offline. Market makers, who operate largely delta-neutral, suddenly couldn’t hedge on their primary venue. With hedging impossible, they pulled quotes across CEXs and DEXs. With no liquidity present, price falls off a cliff. And across the industry? Victory laps. “Zero bad debt!” “Liquidations processed flawlessly!” Great. The protocol didn’t die. But users did. Protecting the protocol IS important - obviously. But it is not the same thing as protecting traders. If we want broader adoption, if we want legitimacy, if we want crypto to grow without getting handcuffed by regulators, we have to start building real consumer protection into our systems. TradFi has circuit breakers, obligations for MMs, structural guardrails. Crypto has...hope. And an instruction manual that says, “Good luck out there!” So why am I leaving HyperLiquid? Because I choose to back teams who are actively trying to solve these design flaws, not merely observe them. I’ve spoken with Jeff and another member of the Core 11. They don’t appear to see this as part of the roadmap right now. That’s their choice and I respect it. And to be clear - nobody has a perfect fix. There is no silver bullet. What matters to me is who’s walking toward solutions rather than ignoring the problem. We lost people on 10/10. Real lives were ended. Real families were destroyed. Over...a design flaw allowing one entity to control the world? Crypto doesn’t get to just sweep that under the rug. So the question becomes: Who’s actually building protections that might prevent the next Binance-induced disaster? On Solana, I’ve only found one. Drift’s liquidation protection isn’t magic. It’s not flawless. But it exists - and more importantly, it worked. It checks: “Is the oracle price diverging by more than 50% from the 5-minute TWAP?” If yes it simply puts a temporary halt on liquidations. That single line of logic saved a lot of people. Scam wicks get filtered. The insurance fund catches the edge cases. It’s not some grand philosophical overhaul - it’s simply a meaningful step toward sanity. I’m not as brilliant as Jeff. I don’t pretend to know the best way to solve this at scale. But I am a customer - and customers vote with their dollars. The industry keeps repeating, “Protecting the protocol is protecting the trader.” But that’s not the full picture. A car isn’t complete without a driver. Both are equally important to the beautiful symbiosis that exists. This is a heartbreaking post to write. This isn’t a Drift advertisement. It feels more like a gut-wrenching breakup with a first love - not because the love disappeared, but because you finally recognize that you’re growing in different directions. HL will always be a part of my story. It’ll stay on my shortlist whenever people ask where to trade. But it’s time for me to move forward - toward my values, toward my ideals - and to say to Jeff and the team, with real appreciation: we’ll always have Paris. 🫡 From the depths — The White Whale 🐋

@SignoreGondi @EvenRealities Bluetooth connection and the update is through the app on your phone.

@Metamind729 @EvenRealities how best to connect?

⚙️👓⚡️ OTA update to my @EvenRealities specs! This feels like the future. Amazing design and high quality hardware.

Welcome welcome welcome! 🔥 🔥 🔥 pumped to see this day come bud that you reject humanity and return to Monke! Good Monke 🫡

@CryptoSchuster @ItsJakeWhiskey @CourtOfThForest @exchgART Absolutely 🔥 Return to Monke! @monkedao

#NewProfilePic Had to end the year with the animal everyone has been waiting for in @CourtOfThForest 😉🐒 Auction begins TODAY at 3pm PT on @exchgART. Who's going to get this monkey and make me change my PFP?

@CryptoSchuster @CryptoConan @DegenApeAcademy @CourtOfThForest @y00tsNFT @SolanaMBS ♥️ What else are frens for…

what's the #NFT project you are most bullish on long-term? 👀

@SolProfessor565 What in world! Get well soon bud.

I’m alive 🙏

@IsabelaUdudec @SolanaMBS @MonkeDAO @MonkeQueens Been a rollercoaster of a week, but with good frens we’ll make it through every time. Welcome Izzy and congrats on the beautiful flowerpower monke!!! @MonkeQueens

Gm GM @SolanaMBS @MonkeDAO & @MonkeQueens 🌺. 🌱fren here. Reject humanity. Return to Monke.

What’s better than getting 1 fren to reject humanity and return to Monke? Getting 2 frens!! Welcome @IsabelaUdudec to @MonkeDAO @SolanaMBS

@giogavino @SolanaMBS @MonkeDAO Feels great to have an IRL fren join. Months of my nagging have paid off 😆 welcome to MonkeDAO! Let’s give this Monke a warm welcome.

Been a long time coming but here we are, finally part of the @SolanaMBS @MonkeDAO family. Reject humanity. Return to Monke.

@thomasbahamas @MonkeDAO One of the biggest Monke line ups I’ve seen for sure.

@MonkeDAO @Metamind729 Holy hell, what a squad

Kicked off Breakpoint week last night with an intimate Monke Dinner at the OG Monke Meetup spot. Monke dinner PART TWO starts now... 🍽️🐒 So much love. So many Good Monkes. 💕🐒 #ReturnToMonke

@eye_innovation1 You know how it is 🤜 🤛

@monoliff 🥚

Let’s make this the biggest egg chain, I’ll start: 🥚

Meeting other monkes @Metamind729 & @Sleeves1234 to share alpha. Spreading good vibes and bananas ofc! #touchgrassSunday @MonkeDAO

Issue #28 of The Banana Split is now out from the @MonkeDAO newsletter team! 🐒🍌 Head to the #newsletter channel in our server to get a sense of what's been happening this last week or check out the link below 👇 monkedao.gitbook.io/welcome-to-mon…

@CryptoSchuster @salomondrin @frankdegods @y00tsNFT Couldn’t agree more. Someone had to do it. Glad it was done so well. Looking forward to see how this evolves over time!

@CryptoSchuster @MonkeDAO 🐒 🤝 🦍 Ty ser. Funny what happens when we work together in this space! What a tarted as a little game has spawned many other ideas. @MonkeDAO @DegenApeAcademy @SolanaMBS @DegenApeAcademy

@0x1dad @MonkeDAO @OlivierLegris @LtLollipop9 @Rach58431628 @TheOnlyNom @apedsol @Jay__sol Good vibes only. And more bananas ofc lol

Every day in @MonkeDAO I get reminded why I'm bullish and love the monke community 🐒❤️ Special thanks to some cool monkes: @OlivierLegris helped draft it & tons of support from the monke board & @LtLollipop9 @Rach58431628 @TheOnlyNom @apedsol @Metamind729 @Jay__sol 🤝