Hyperliquid founder Jeff stated that during the recent market volatility, Hyperliquid maintained 100% uptime with zero bad debts. This was the first time in Hyperliquid's more than two years of operation that cross-margin auto-deleveraging (ADL) was implemented. While some specific ADL trades yielded poor results, the overall effect was that traders realized significant profits by closing their positions at temporarily favorable prices.
Hyperliquid founder: Hyperliquid used ADL for the first time in extreme market conditions
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