Doug Colkitt

Doug Colkitt, Founder of Ambient Finance and a notable contributor at Fogo, dives into the chaos of a historic $19B liquidation in the crypto market. He sheds light on Auto-Deleveraging (ADL) and how it wreaked havoc on delta-neutral strategies. The group unpacks the collapse of Binance’s USDe and the design challenges underlying perpetual exchanges. Colkitt also advocates for better infrastructure through on-chain clearing and insurance funds to fortify the future of trading. A fascinating exploration of the wild world of crypto!

Doug Colkitt, Founder and CEO of Ambient Finance, sheds light on the recent whale attack that nearly cost Hyperliquid $15 million. He discusses how a memecoin was leveraged for this high-stakes manipulation. Colkitt navigates the complexities of perpetual swaps, while diving into the controversial decisions made by Hyperliquid that raised eyebrows in the DeFi community. He also tackles the criticism surrounding these actions, potential preventative measures for future attacks, and the implications for decentralized trading practices.

Doug Colkitt, a crypto market analyst with extensive knowledge in liquidation mechanics, joins to dissect the recent crypto market crash. He explains how leverage buildup and delta-neutral strategies led to record liquidations, and discusses the role of auto-deleveraging (ADL) in managing risk. Doug highlights the differences in insurance funds across platforms and dives into the complex dynamics of market liquidity during stress. Listeners gain insights into the factors that influenced this chaos and what builders can learn from the event.