- Aster is launching “Machi mode,” a feature rewarding traders with points for liquidations, starting next week.
- Machi Big Brother leads liquidation rankings with 71 liquidations since November 1, far ahead of others.
- Hyperliquid introduced “growth mode,” allowing permissionless market deployment and significantly reduced fees.
- Growth mode fees on new markets can drop by over 90%, reaching as low as 0.00144% on high staking and volume tiers.
- New markets under growth mode must be unique assets and remain in that mode for 30 days to maintain stability.
Aster, a decentralized exchange, announced it will launch a new feature called “Machi mode” next week. This mode awards traders with points when they get liquidated, embracing the high-risk “degen” trading culture. The feature is named after Taiwanese-American entrepreneur and crypto investor Machi Big Brother, who has a record of liquidations. Aster highlighted this with a tribute on X, saying, “You get liquidation points for getting rekt… this one’s for you, king @machibigbrother.” Some users responded positively, appreciating the unique approach to trading liquidations.
According to data from Lookonchain, Machi Big Brother has experienced 71 liquidations since November 1. This number is significantly higher than the second and third spots, held by James Wynn with 26 liquidations and Andrew Tate with 19. The ranking has become a popular joke in parts of the crypto community where taking high risks is common. In September, another trader named “0xa523” surpassed Wynn on Hyperliquid by logging losses exceeding $40 million in under a month. Wynn briefly deactivated his social media in July after posting “broke” but returned with new high-risk positions.
Separately, Hyperliquid, a competitor of Aster, introduced HIP-3 “growth mode” on Wednesday. This upgrade allows anyone to launch new markets without permission while offering dramatically lower taker fees. Fees for newly created markets in growth mode fall by more than 90%, decreasing from 0.045% to between 0.0045% and 0.009%. On the highest staking and volume levels, fees can be as low as 0.00144% to 0.00288%. Growth mode activation is restricted to unique assets that do not overlap with existing perpetual markets run by validators. Once enabled, growth mode stays locked for 30 days to prevent rapid changes and maintain market stability.
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