📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Hyperliquid co-founder Jeff explains the operation mechanism of the HLP protocol vault.
Gate.io According to Wu Shu, Jeff, co-founder of Hyperliquid, explained how the HLP protocol vault works. HLP, Hyperliquid's first-of-its-kind license-free vault, has returned $60 million in profits to depositors with no deposit fees.
Jeff pointed out that, unlike the profit-making model of the market-making department within centralized exchanges, HLP mainly undertakes two functions: market-making and backup clearing. In terms of market-making, HLP adopts a passive strategy, with a trading volume share of less than 2%. In terms of backup clearing, HLP is responsible for taking over positions that cannot be cleared in the market.
Jeff also clarified that the claims regarding the platform's solvency risk are not true, but admitted that there is a risk exposure of manipulation in HLP.