Orderly Network mocks up Crumple, a hedged trading pool concept using multi-exchange mark prices

Orderly Network outlined a concept called Crumple, a hedged trading pool that prices off Orderly's mark price averaged across major exchanges, rather than a single venue. It cites a trader who made $1.28M in 8 hours on Papertrade by moving that platform's single-exchange price. Crumple hedges leftover net exposure on Orderly, so leverage is lower due to hedging costs. Losing trades close at 50% down while traders lose full margin; SCRAP tokens are minted on losses. Orderly says the concept is unbuilt and video numbers are made up.

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