Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
## Hyperliquid Operates Stable Through Market Turmoil, Activates Cross Margin ADL Mechanism for the First Time
In the context of recent volatile market movements, the Hyperliquid platform has demonstrated its system resilience. According to PANews on October 12, Hyperliquid founder Jeff announced that the platform has maintained 100% uptime, with no bad debts incurred.
**ADL: The First Financial Protection Mechanism in Two Years**
Notably, Hyperliquid has just implemented the Automatic Deleveraging (ADL) mechanism for cross margin positions for the first time. This is a rare event, occurring after more than two years of platform operation without activating this mechanism.
**Practical Impact on Traders**
An important point to clarify is that ADL does not affect the liquidation outcomes of previous users. Although some transactions triggered ADL and yielded modest profits, the overall significance of this mechanism is to allow traders to close positions at relatively favorable prices temporarily, enabling more meaningful profit and loss decisions compared to being forced into full liquidation.