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PANews February 26 News, Lighter announced the completion of its first practical test of LLP Strategies during a recent large liquidation of ARC perpetual contracts with a massive long position. A trader established an ultra-large long position in ARC, with the total open interest reaching 50 million USDC, against approximately 600 traders and market makers. The ARC contract belongs to Strategy 7, which is only capable of withstanding ADL risk with 75,000 USDC LLP funds. As the ARC price declined, the massive long position was first liquidated on the order book for about 2 million USDC, then further ADL'ed to LLP, and finally taken over by healthy shorts. Ultimately, this large trader lost about 8.2 million USDC, with LLP losses limited to 75,000 USDC, and the short side profited.