Lighter successfully tested the LLP strategy in an ARC perpetual contract liquidation, with a trader opening a long position of 50 million USDC. As the price dropped, their extremely large position was liquidated for 2 million USDC, resulting in an overall loss of approximately 8.2 million USDC. The LLP loss was limited to 75,000 USDC, and the short side gained profits.
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Lighter successfully tested the LLP strategy in an ARC perpetual contract liquidation, with a trader opening a long position of 50 million USDC. As the price dropped, their extremely large position was liquidated for 2 million USDC, resulting in an overall loss of approximately 8.2 million USDC. The LLP loss was limited to 75,000 USDC, and the short side gained profits.