Aster News Today: DeFi Competition Heats Up: Incentivizing Liquidations to Draw in Traders
- 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,
Machi Big Brother's impact is intentional.
This launch comes as competition intensifies in the decentralized finance (DeFi) sector. Hyperliquid, Aster's main competitor,
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
As DeFi platforms compete for market share, the distinction between gamification and real financial utility continues to
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.
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