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I noticed an interesting event with HLP — just a couple of months ago, the protocol liquidated a large BTC whale's position worth about $700 million. During this operation, the protocol's safe earned approximately $15 million, which for deposit holders resulted in a nice bonus — about 5.8% profit at one point. This boosted the annual yield (APR) to around 110%, which of course looks impressive. Currently, HLP holds a long position in Ethereum worth about $23 million. It's interesting to observe how such events impact the protocol's profitability — it seems like a good example of why the liquidation mechanism can be beneficial for all participants.