The YZY emoji coin library on the Lighter platform failed to automatically deleverage during the forced liquidation wave, facing the risk of short-squeeze, which led to its bad debts exceeding $143,000 (almost half of its $321,000 value) and accumulated over $53,000 in financing costs. As the YZY USDT price rebounds from the low in October, if this squeeze continues, the library will face the risk of funding exhaustion, highlighting Lighter's more aggressive risk tolerance compared to platforms like Hyperliquid.