Odaily Planet News — According to monitoring by @MLM, the Hyperliquid ecosystem treasury, HLP, earned approximately $15 million in profits after trader Garrett Bullish was liquidated. This single event brought depositors of the treasury about a 5.8% return, corresponding to an annualized yield of approximately 110%. Data shows that HLP currently still holds long ETH positions valued at around $230 million.
Hyperliquid HLP Earns $15M from Garrett Bullish Liquidation
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Summary
Hyperliquid HLP earned $15 million from the liquidation of trader Garrett Bullish, offering a 5.8% return to depositors. The event reflects strong performance amid a bullish trend in the market. HLP currently holds a long ETH position valued at $230 million, showcasing a solid position trading strategy. Annualized yield from the event is estimated at around 110%.
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