[Hyperliquid Officially Activates Cross-Margin Auto-Deleveraging (ADL) Liquidation System] BlockBeats News, November 28: Hyperliquid has activated the cross-margin auto-deleveraging (ADL) liquidation system across all its major perpetual contract markets, introducing a deeper level of risk management in response to rising open interest and fluctuating funding rates. Following a series of internal stress tests and simulations conducted over the past month, the ADL system is now officially live to ensure orderly market operations during periods of extreme volatility, particularly when liquidity tightens or large positions approach liquidation. When the insurance fund is unable to fully absorb the losses from liquidated positions, ADL (Auto-Deleveraging Mechanism) serves as a backup liquidation method. In such cases, positions of profitable traders with high leverage and unrealized gains may be partially or fully reduced to cover the funding shortfall. Hyperliquid emphasizes that ADL will only be triggered under exceptional circumstances and is designed to maintain market integrity by preventing cascading defaults that could disrupt the entire ecosystem.