Arjun Mohan on X: "why do we prioritize cancels again??" / X
To view keyboard shortcuts, press question mark View keyboard shortcuts Messages Home Explore Notifications Messages SuperGrok Premium Lists Bookmarks Communities Profile More Post Maanav Khaitan @MaanavKhaitan Article Reply See new posts Conversation Arjun Mohan @arjunbmohan why do we prioritize cancels again?? The battle over limit order book microstructure has erupted into crypto's latest holy war, with prioritized cancels at its center. Hyperliquid's mechanism—giving cancels and post-only orders precedence over takes—has sparked fierce debate across DeFi. Proponents argue it enables market makers to quote tighter spreads without fear of getting picked off, creating retail-friendly markets with deeper liquidity. Critics counter that it merely creates an illusion of liquidity that can vanish in milliseconds. "All quotes become soft quotes," as @0x94305 puts it, potentially undermining the very price discovery process markets are meant to facilitate. The technical critique cuts deepe
Arjun Mohan @arjunbmohan why do we prioritize cancels again?? 2:42 PM · May 13, 2025 305 Views 8 0 8 4 0 4
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