PANews, February 26 — Lighter announced the successful completion of its first practical test of LLP Strategies during a recent large-margin long liquidation event in the ARC perpetual contract. A trader established a massive long position in ARC, with an open interest totaling 50 million USDC, against approximately 600 counterparties including traders and market makers. The ARC contract belongs to Strategy 7, which is only capable of handling an ADL risk with 75,000 USDC LLP funds. As the ARC price declined, the large long position was forcibly liquidated on the order book for about 2 million USDC, then further ADL’d to LLP, and finally taken over by healthy shorts. Ultimately, the large trader lost about 8.2 million USDC, with LLP losses limited to 75,000 USDC, and the short side profited.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network Starts Second Migration: Here’s What You Must Do to Be Eligible
Pi Network has initiated second migrations, allowing Pioneers to transfer more Pi to Mainnet, enhancing wallet security with two-factor authentication. This update may positively impact Pi Coin's market price, currently just below $0.20.
CaptainAltcoin15m ago
Circle Minted $8 Billion USDC Since February 2026
Arkham's analysis reveals a significant increase in USDC minting by Circle, surpassing $8B and raising total supply above $78B. This trend highlights USDC's growing market trust and indicates potential long-term volatility compared to other cryptocurrencies.
BlockChainReporter2h ago
Top 100 tokens by market cap today - gainers and losers: PEPE up 17.61%, RIVER down 5.82%
On March 16, among the top 100 cryptocurrencies by market cap, Pepe had the largest gain at 17.61%; River had the largest decline at down 5.82%. The overall market showed significant divergence.
GateNews3h ago
Venus Protocol Suspected of $3.7M Flash-Loan Attack
Key Takeaways:
An alleged exploit on Venus Protocol enabled a wallet to borrow about $3.7 million in crypto assets on the illiquid $THE token as security.
The speech had taken out BTCB, CAKE and WBNB and was put into liquidation as collateral value declined.
It is estimated that there is
CryptoNinjas3h ago
Today's US cryptocurrency ETF net inflows: BTC 2227, ETH 11681, SOL 88561
Gate News Update: On March 16, according to Lookonchain monitoring, today's cryptocurrency ETF capital inflows in the United States are as follows: Bitcoin ETF net inflow of 2227 BTC, Ethereum ETF net inflow of 11681 ETH, Solana ETF net inflow of 88561 SOL.
GateNews3h ago
DeFi's Most Expensive One-Click Confirmation: $50 Million Evaporated On-Chain in an Instant
On March 12, an anonymous investor attempted to purchase AAVE on the Aave protocol using $50.43 million USDT but received only approximately $36,000 in tokens due to extreme slippage, resulting in a loss of nearly $50 million. The incident quickly sparked widespread discussion, raising controversies surrounding user responsibility and protocol design. Experts recommended preventing slippage risks through methods such as batch trading and limit orders. Meanwhile, MEV bots profited from the situation, triggering discussions about DeFi fairness. This incident serves as a reminder for users to carefully review warnings before trading to avoid repeating such mistakes.
PANews4h ago
