Decentralized exchange Aster is tapping into crypto’s degen community with the launch of “Machi mode,” a feature that rewards traders with points for getting liquidated. The update, going live next week, is a direct nod to Machi Big Brother (Jeffrey Huang), the Taiwanese-American entrepreneur known for his high-risk trading style and frequent liquidation streaks.
You get liquidation points for getting rekt,” Aster wrote on X, tagging Huang and calling him “king.”
Users quickly joined in, with one posting, “can’t wait to get rekt and earn points,” and another noting that “only in crypto do liquidations become a feature.
Source: Aster
Machi Big Brother tops this month’s liquidation totals
According to Lookonchain, Machi Big Brother has registered 71 liquidations since Nov. 1, far ahead of James Wynn with 26 and Andrew Tate with 19. The leaderboard has become a running joke in parts of the crypto community, where extreme risk-taking is often embraced rather than criticized.
In September, Hyperliquid trader 0xa523 drew attention after recording more than $40 million in losses in under a month.
Wynn, another familiar name in these rankings, briefly disappeared from X in July after changing his bio to “broke,” only to return days later and continue trading with fresh high-risk positions.
Hyperliquid rolls out HIP-3 “growth mode”
While Aster experiments with gamified risk, competitor Hyperliquid has introduced HIP-3 “growth mode,” allowing anyone to deploy new markets without permission and at sharply reduced taker fees.
The update cuts fees for newly launched markets from 0.045% to 0.0045%–0.009%, with even lower rates 0.00144%–0.00288% available at the highest staking and trading tiers.
Growth mode can be activated on a per-asset basis, but only for unique markets that do not conflict with existing validator-run perpetuals. Once enabled, the mode remains locked for 30 days to prevent rapid fee adjustments.