Aster Drops ‘Machi Mode’ to Reward Getting Rekt as Machi Leads Liquidations

Why It Matters

Aster’s gamified liquidation rewards could deepen engagement among risk‑tolerant traders, while Hyperliquid’s fee cuts aim to capture market share by making new market creation cheaper, intensifying competition in the decentralized derivatives space.

Summary

Decentralized exchange Aster is launching “Machi mode,” a feature that awards points to traders who get liquidated, a nod to high‑risk trader Machi Big Brother who has logged 71 liquidations since November. The mode will go live next week and taps into crypto’s degen culture by turning losses into a gamified reward. Meanwhile, rival platform Hyperliquid introduced HIP‑3 “growth mode,” slashing taker fees on new markets by over 90% to as low as 0.00144% and allowing permissionless market deployment. Both moves highlight a competitive push to attract high‑frequency, high‑risk traders by lowering costs and adding novel incentives.