Key Takeaways
- Decentralized exchange Aster has launched a new feature called Machi mode that rewards traders with points for getting liquidated.
- The mode is a nod to high-risk crypto investor Machi Big Brother (Jeffrey Huang), who has a notable track record of liquidations.
- Data shows Machi Big Brother leads liquidation rankings, with other prominent traders like James Wynn and Andrew Tate also appearing.
- Competitor Hyperliquid recently introduced HIP-3 growth mode, aiming to reduce fees and lower barriers for deploying new markets.
Aster Introduces Machi Mode to Gamify Liquidations
Decentralized exchange Aster is embracing the risk-taking culture within cryptocurrency with the introduction of Machi mode. This innovative feature is designed to award traders points specifically for experiencing liquidations.
The update, scheduled for release next week, is directly inspired by Machi Big Brother, whose real name is Jeffrey Huang. Huang is a Taiwanese-American entrepreneur and former musician who has gained attention for his high-risk investment strategies in the crypto space and a documented history of liquidations.
“You get liquidation points for getting rekt,” Aster announced on X, explicitly dedicating the feature to Huang with the message, “this one’s for you, king @machibigbrother.”
💡 The crypto community has reacted with a mix of amusement and acknowledgment of the unique nature of this feature. One user commented, “Love the machi mode energy cant wait to get rekt and earn points,” while another noted, “only in crypto do liquidations become a feature.”
Machi Big Brother Leads Liquidation Rankings
Machi Big Brother has emerged as a prominent figure in high-risk crypto trading. According to data compiled by Lookonchain, since November 1st, he has experienced 71 liquidations, significantly surpassing other notable traders. James Wynn follows with 26 liquidations, and Andrew Tate is third with 19.
This ranking has become a subject of discussion and amusement within certain segments of the crypto community, where engaging in high-risk trading is often viewed with a degree of bravado.
💡 Previously, in September, a Hyperliquid trader known as “0xa523” overtook James Wynn to become the platform’s largest losing whale, accumulating over $40 million in losses in less than a month.
James Wynn has also had notable moments in the spotlight. In July, he briefly disappeared from social media, deactivating his X account after changing his bio to simply state “broke.” He later returned to the platform days after, re-engaging with high-risk positions.
Hyperliquid Enhances Market Deployment with Growth Mode
In parallel developments, Aster’s competitor Hyperliquid introduced its HIP-3 growth mode on Wednesday. This upgrade allows anyone to deploy new markets permissionlessly and benefits from substantially reduced taker fees.
The growth mode feature slashes all-in fees for newly introduced markets by over 90%, decreasing them from a standard 0.045% to a range of 0.0045%–0.009%. For users at the highest staking and volume tiers, these fees can drop even further, reaching as low as 0.00144%–0.00288%.
✅ This system empowers market deployers to activate growth mode on an asset-by-asset basis without requiring centralized approval, thereby reducing entry barriers for both traders and developers. To qualify for growth mode, new markets must represent entirely distinct assets and cannot overlap with existing validator-run perpetuals, aiming to prevent the accumulation of parasitic volume. Once activated, growth mode remains in effect for a period of 30 days to ensure stability and prevent frequent adjustments to fee structures.
Expert Summary
The cryptocurrency exchange Aster has launched Machi mode, a new feature that rewards users for getting liquidated, directly referencing prominent high-risk trader Machi Big Brother. This move highlights a segment of crypto culture that embraces risk, while competitor Hyperliquid has introduced growth mode to similarly foster market activity by reducing fees and lowering deployment barriers.
