Public PnLs and liquidation lines turn traders into bait. That’s not “transparency,” that’s target practice... Here’s the fix 👇 • Order book stays visible (depth at each price = real market). • Your data stays private by default: positions, size, PnL, stops/liquidation. • No real-time doxxing of risk so coordinated shakeouts can’t hunt you. • Result: harder to front-run, harder to MEV, way harder to engineer liquidation cascades. We had a recent example a few months ago (even if in crypto feels like years lol): James Wynn got clipped for ~$100M on $BTC longs, and a lot of folks think the visibility itself fueled the “hunt.” Even CZ’s out here saying he’s puzzled why DEXs broadcast your orders in real time, big traders become sitting ducks when everyone can map their liq points. Privacy-by-default perps aren’t anti-transparency. They’re pro-fairness. Show the book, hide the wallets. Let price be the battleground, not someone’s doxxed liquidation. Great to see projects like...
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