💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
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.