Hyperliquid will set a strict upper limit for the Settlement Reserve, and JELLY long users will settle refunds at $0.037555.

On March 28th, Hyperliquid made an announcement. Users who held a long position in JELLY at settlement will receive a refund from the foundation at a settlement price of 0.037555. This indicates that all JELLY traders will settle at a price that is beneficial to them, unless they are from marked addresses. Hyperliquid is enhancing risk management in several aspects, such as: · HLP: The liquidation treasury will have a strict limit, which is only a small part of the total HLP account value. This will reduce the rebalancing frequency and adopt more sophisticated logic regarding emergency liquidations. If the loss of the liquidation treasury exceeds a certain threshold, an Auto-Deleveraging (ADL) will be triggered instead of automatically transferring collateral from other treasury components. It should be noted that an ADL is not expected in the case of organic market activities. · Open Interest Cap: The open interest cap will be adjusted dynamically based on market value. · Delisting Assets: Validators will vote on-chain to delist assets below a certain threshold.