2026-01-19 14:32:09

The crypto derivatives market has always overlooked a core pain point—the design flaws of the clearing engine. While existing perpetual contracts offer good leverage efficiency, their liquidation logic is too absolute: either survive or be liquidated immediately. Behind this binary approach is essentially treating market volatility as a weapon against traders.

The new project FX100 aims to break this deadlock by introducing the concept of Hybrid Primitives to redesign the clearing mechanism. What is the core idea? It’s no longer a black-and-white liquidation decision but an exploration of more flexible risk management models. Whether this improvement can truly enhance the trader experience remains to be seen, and it will be interesting to observe the actual implementation of this project in the future.

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DaisyUnicorn

· 10h ago

Sigh, another project trying to save the world... As for liquidation, it's really a game of probabilities. How good can FX100's tricks really be? --- I'm optimistic about the optimization of the liquidation mechanism, but the key is whether it can truly protect traders' funds. Just changing the logic isn't enough. --- The idea of a hybrid native language sounds good, but I'm more concerned about whether the fees will hit me with a hidden trap... Lessons from experience. --- This is exactly what I want! Finally someone is putting effort into this area. After being exposed once before, I became very cautious. --- Wait, isn't flexible liquidation just leaving a backdoor for risk management? I'm a bit worried it might actually make bankruptcy easier. --- That's a good idea, like opening a distress signal before liquidation. It feels much more humane than the current "one-size-fits-all" approach. --- I'm actually more interested in FX100's data. Anyone can talk about hybrid native languages, but only the ones that can run are meaningful.

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StakeWhisperer

· 10h ago

To be honest, the liquidation mechanism is really a big pit right now; many people have been wiped out directly due to fluctuations.

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GasFeeTears

· 10h ago

To be honest, the current liquidation mechanism is really disgusting. If a margin call happens, it happens, with no buffer... FX100's hybrid primitive sounds pretty good, but the key still depends on how well the code is written—don't let it be another PPT project. If the liquidation process can really be optimized, I guess it will attract quite a few spot traders to come over.

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GmGmNoGn

· 10h ago

Hmm... another project claiming to "break the deadlock." Just listen and don't take it too seriously.

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FlatlineTrader

· 10h ago

Sounds good, but can this flexible liquidation mechanism really be implemented... A good-looking paper plan isn't enough. --- The liquidation issue is indeed outrageous; just waiting to see if FX100 can truly change the game. --- The hybrid native language sounds professional, but it feels like another scheme to collect fees? --- Finally, someone is going to change this garbage liquidation logic. I've always thought it's just exchanges cutting the leeks. --- So basically, it's about risk management upgrades—avoiding liquidations is the goal, and I don't care much about the rest. --- If this really works, the way perpetual contracts are played will have to be rewritten. --- Wait, is this another fundraising project? Let's see how it performs on the mainnet first. --- I just want to know if liquidation will become more complicated... Small traders simply can't understand it. --- Wow, flexible liquidation sounds like a benefit for big players.

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