Hyperliquid will set a strict upper limit for the Settlement Reserve, and JELLY long users will settle refunds at $0.037555.

BlockBeats News, March 28th, Hyperliquid announced that users holding a long position in JELLY at settlement will be refunded by the foundation at a settlement price of 0.037555. This means that all JELLY traders will settle at a price favorable to them unless they are from marked addresses. Hyperliquid is strengthening risk management in several ways, including:

· HLP: The liquidation treasury will have a strict cap, only a small portion of the total HLP account value, reducing the rebalancing frequency, and adopting more sophisticated logic around emergency liquidations. If the liquidation treasury's loss exceeds a certain threshold, an Auto-Deleveraging (ADL) will be triggered instead of automatically transferring collateral from other treasury components. Please note that an ADL is not expected in the event of organic market activity.

· Open Interest Cap: The open interest cap will be dynamically adjusted based on market value.

· Delisting Assets: Validators will vote on-chain to delist assets below a certain threshold.