<ul><li>HyperLiquid has announced risk management improvements following a major incident involving its Hyperliquidity Provider (HLP) vault.</li><li>HyperLiquid's Foundation will refund users with JELLY long positions at the time of settlement, ensuring a beneficial settlement price.</li><li>The incident involved a trader manipulating the price of JELLY, causing significant unrealized losses for HLP.</li><li>HyperLiquid's risk management updates include stricter limits for the Liquidator vault, adjusting open interest caps, and implementing an on-chain voting system for asset removal.</li></ul>

Hyperliquid Announces Key Risk Management Updates Following JELLY Market Incident

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