Some people said Ostium > Hyperliquid.
But this is how they’re choosing to handle the exploit they went through.
1. There’s still no concrete recovery plan for LPs, and that’s the part that matters most. No numbers, no percentage, no timeline. So what happens to the people whose LP funds are gone? Zero certainty.
2. Trader positions will be liquidated if they’re at liquidation price when trading resumes. This is the most brutal part. Traders won’t get a chance to adjust their positions to avoid liquidation.
Can we even call OstiumLiquidate now?
3. Most likely they won’t cover 100% of the losses. Instead, it hangs on their partners showing up.
OstiumLiquidate!