Decentralized exchange Aster is delving into the degenerate culture of cryptocurrencies with the launch of “Machi Mode,” a new feature that rewards traders with points for liquidations.
The update, scheduled to go live next week, is a direct tribute to Machi Big Brother (real name Jeffrey Huang), a Taiwanese-American entrepreneur and former musician who has recently become a high-risk investor in the cryptocurrency space with a track record of liquidations.
“Get liquidation points when you get rekt,” Aster wrote in a post on X on Wednesday, adding, “This is yours, king @machibigbrother.”
One user responded, “I love the energy of gore mode and can’t wait to get rekt and earn points,” while another said, “Only in cryptocurrencies is liquidation a feature.”
Aster activates gore mode. sauce: aster
Related: Trader loses $21 million on Hyperliquid after private key leak
Town Big Brother dominates liquidation rankings
According to Lookonchain data, Machi Big Brother has recorded 71 liquidations since November 1, far ahead of second place James Wynn (26) and Andrew Tate (19). The ranking has become a joke in some parts of the crypto community, where high-risk trading is often worn as a badge of honor.
In September, hyperliquid trader 0xa523 overtook Win as the platform’s biggest loss whale, amassing more than $40 million in losses in less than a month.
Wynn is also a prominent title holder. In July, the trader temporarily deactivated his X account and disappeared from social media after updating his bio to simply say “bankrupt.” A few days later, he returned with two high-risk positions.
Related: Centralized exchanges face massive liquidation undercount allegations
Hyperliquid launches HIP-3 “Growth Mode”
Aster competitor Hyperliquid unveiled HIP-3 “Growth Mode” on Wednesday. This is an upgrade that allows anyone to develop new markets without permission while taking advantage of significantly reduced taker fees.
This feature reduces all-in fees for newly launched markets by more than 90%, from 0.045% to 0.0045%-0.009%. At the highest staking and volume tiers, fees can drop even further and reach just 0.00144% to 0.00288%.
The system allows deployers to activate growth mode on an asset-by-asset basis without requiring centralized approval, lowering the barrier to entry for traders and developers. To qualify, a new market must be a completely separate asset, must not overlap with anything persistent that existing validators run, and must avoid “parasitic” volume. Once activated, growth mode will remain locked for 30 days to ensure stability and prevent sudden rate switches.
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