Hyperliquid's Safety Net: How ADL Saved the Day
In the world of crypto trading, things can get wild. One platform, Hyperliquid, recently faced a tough situation. It had to use a special feature called Auto-Deleveraging (ADL) for the first time in over two years. This happened because the market was super volatile, and even the platform's safety fund, called HLP, couldn't handle all the risk. So, what's HLP? It's ...