The real issue isn't whether liquidation levels should be visible—it's who's actually addressing liquidation hunting at the protocol level.

From a trading perspective: making liquidation thresholds public makes sense on paper. Transparency builds confidence. But here's the catch—once those levels are exposed, they instantly become hunting grounds. Coordinated orders pile up right at those targets, turning inevitable liquidations into prey.

So transparency alone doesn't solve it. You need anti-hunting safeguards baked into the mechanism itself: order execution smoothing, throttle limits on cascade liquidations, maybe randomized liquidation timing. Without those design features, publishing levels just hands hunters a roadmap.

The platforms that crack this will be the ones that figure out how to stay transparent while making liquidation events harder to weaponize.