Decentralized exchange Aster is embracing the more speculative side of cryptocurrency trading with the introduction of "Machi mode," a novel feature designed to award points to traders who experience liquidations.
This new feature, scheduled to launch next week, was announced with a direct tribute to Machi Big Brother, whose real name is Jeffrey Huang. Huang is a Taiwanese-American entrepreneur and former musician who has recently gained notoriety as a high-risk investor in the cryptocurrency market, often associated with significant liquidations.
"You get liquidation points for getting rekt," Aster stated in a post on X, explicitly dedicating the feature to Machi Big Brother.
The announcement generated immediate reactions from the crypto community. One user replied, "Love the machi mode energy cant wait to get rekt and earn points," while another commented, "only in crypto do liquidations become a feature."
Machi Big Brother Leads Liquidation Rankings
Data from Lookonchain indicates that Machi Big Brother has accumulated 71 liquidations since November 1st. This places him significantly ahead of other notable traders, with James Wynn recording 26 liquidations and Andrew Tate following with 19. This ranking has become a recurring point of discussion and humor within the crypto community, where aggressive trading strategies are sometimes viewed as a display of commitment.
In September, a trader on Hyperliquid known as "0xa523" surpassed James Wynn to become the platform's largest losing whale, incurring over $40 million in losses in less than a month.
James Wynn has also been a prominent figure in these liquidation discussions. In July, Wynn briefly deactivated his X account after changing his bio to simply state "broke." He returned several days later, resuming high-risk trading positions.
Hyperliquid Introduces HIP-3 "Growth Mode"
Aster's competitor, Hyperliquid, also launched an upgrade on Wednesday called HIP-3 "growth mode." This enhancement allows any user to deploy new markets permissionlessly and offers substantially reduced taker fees.
The growth mode feature slashes all-in fees by over 90% for newly launched markets, decreasing them from 0.045% to between 0.0045% and 0.009%. For users at the highest staking and volume tiers, fees can be further reduced to as low as 0.00144% to 0.00288%.
This system enables market deployers to activate growth mode on an asset-by-asset basis without requiring centralized approval, thereby lowering the barriers to entry for both traders and developers. To be eligible, new markets must represent entirely distinct assets and cannot overlap with existing validator-run perpetuals, preventing "parasitic" volume. Once activated, growth mode is locked for 30 days to ensure market stability and discourage rapid fee adjustments.