Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Aster News Today: DeFi Competition Heats Up: Incentivizing Liquidations to Draw in Traders

Aster News Today: DeFi Competition Heats Up: Incentivizing Liquidations to Draw in Traders

Bitget-RWA2025/11/19 12:28
By:Bitget-RWA

- Aster, a decentralized crypto exchange, launched "Machi mode" to reward traders with points for liquidations, embracing risk-taking culture. - Competitor Hyperliquid slashed taker fees by 90% via HIP-3 "growth mode," targeting liquidity providers and challenging centralized exchanges. - Both strategies reflect DeFi's arms race to attract traders through gamification (Aster) and technical efficiency (Hyperliquid), blurring financial utility with community identity. - Traders praised Aster's "failure-as-fe

Aster, a decentralized crypto exchange, has introduced "Machi mode," a unique addition that gives traders points when their positions are liquidated—an approach that openly celebrates the high-risk, unpredictable nature of crypto trading. This new feature, which will go live next week,

(Jeffrey Huang), a well-known trader famous for his repeated liquidations, making him an unexpected figurehead in the space. The announcement on X stated: "You earn liquidation points for getting rekt," prompting one commenter to joke, "only in crypto do liquidations become a selling point" .

Machi Big Brother's impact is intentional.

from Lookonchain that he has been liquidated 71 times since November 1, far exceeding others like James Wynn (26) and Andrew Tate (19). In crypto communities, such rankings are often worn as a mark of pride, reflecting the culture's embrace of risk. Aster is tapping into this mindset, traders to pursue even riskier bets.

This launch comes as competition intensifies in the decentralized finance (DeFi) sector. Hyperliquid, Aster's main competitor,

-HIP-3 "growth mode"-on Wednesday, cutting taker fees for new markets by more than 90%. The change , aiming to draw in liquidity providers and rival centralized platforms like Binance. Hyperliquid's CEO highlighted that the feature is permissionless, letting deployers introduce new assets without needing centralized approval, though new markets must avoid duplicating existing perpetuals to prevent "parasitic" trading volume .

Aster News Today: DeFi Competition Heats Up: Incentivizing Liquidations to Draw in Traders image 0
Both Aster's Machi mode and Hyperliquid's fee reductions highlight the ongoing battle to attract traders in the DeFi derivatives arena. While treats liquidations as a cultural badge, Hyperliquid bets on technical improvements, believing that extremely low fees will boost activity. These approaches reflect the industry's move toward user-focused innovation, where platforms compete not only on technology but also on building a strong community identity and .

Traders have responded with a mix of excitement and skepticism. Many on social media applauded Aster for "making failure a feature," while some questioned whether rewarding losses is sustainable. Meanwhile, Hyperliquid's token (HYPE) has

, which may be due to broader market trends rather than doubts about the update itself.

As DeFi platforms compete for market share, the distinction between gamification and real financial utility continues to

. The introduction of Machi mode by Aster and growth mode by Hyperliquid illustrates this shift, appealing to traders who thrive on risk and are eager to experiment—even if it means getting "rekt."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Investors Steer Through Sector Fluctuations: Diverging Paths in Crypto, Industrial, Retail, and Biotech Markets

- Mutuum Finance (MUTM) advances through 2025 crypto roadmap phases, with Phase 6 exceeding 88% allocation, reflecting strong investor demand for projects with clear technical milestones. - FLSmidth CEO Mikko Keto departs in 2026 after streamlining operations and improving financial resilience, underscoring industrial sector emphasis on strategic continuity and efficiency. - Home Depot's November 18 earnings report gains attention amid Trump's $82M bond investment, highlighting retail sector stability amid

Bitget-RWA2025/11/19 14:14
Investors Steer Through Sector Fluctuations: Diverging Paths in Crypto, Industrial, Retail, and Biotech Markets

FDIC Approves HSBC's Use of Tokenized Deposits in the United States and UAE

- HSBC plans to launch tokenized deposits in the U.S. and UAE, leveraging the $24B tokenized real-world assets market growth. - FDIC's proposed guidelines under the GENIUS Act aim to standardize stablecoin regulations, offering legal parity for blockchain-based deposits. - Leadership transition with George Osborne potentially accelerating HSBC's digital strategy amid scrutiny over its high debt and market risk profile. - Proactive FDIC reforms, including year-end stablecoin issuance applications, could red

Bitget-RWA2025/11/19 14:14
FDIC Approves HSBC's Use of Tokenized Deposits in the United States and UAE

Adobe’s $1.9 Billion Acquisition of Semrush: A Bold Move Toward AI-Powered Marketing

- Adobe agrees to acquire Semrush for $1.9B, boosting its shares 75% pre-market. - The deal aims to enhance Adobe's AI-driven marketing capabilities, aligning with digital trends. - Analysts see the move as a strategic response to AI's impact on digital marketing and Adobe's valuation challenges.

Bitget-RWA2025/11/19 13:58
Adobe’s $1.9 Billion Acquisition of Semrush: A Bold Move Toward AI-Powered Marketing

Cybersecurity’s AI Battle: Doppel Takes the Lead Responding to a 300% Increase in Social Engineering Threats

- Doppel raised $70M in Series C funding at $600M+ valuation to combat AI-powered social engineering attacks, which have surged 300% annually. - The AI platform uses machine learning to detect anomalies like deepfake voice modulation and AI-generated phishing emails in real-time. - While Doppel expands partnerships, VeriSign and C3.ai face scrutiny over stock sales and declining revenues amid AI adoption risks. - Doppel CEO Alex Johnson warns that AI security tools risk becoming vulnerabilities themselves

Bitget-RWA2025/11/19 13:58
Cybersecurity’s AI Battle: Doppel Takes the Lead Responding to a 300% Increase in Social Engineering Threats