Hyperliquid founder clarifies: Platforms prioritizing protocol revenue is FUD, and the ADL mechanism nets users hundreds of millions of dollars

Hyperliquid founder Jeff wrote in a post that rumors that the platform prioritizes protocol revenue are pure FUD. He pointed out that the auto-deleveraging (ADL) event on October 10th actually generated hundreds of millions of dollars in net profits for users. While adopting a guaranteed liquidation mechanism would have yielded greater profits for the platform's HLP, the risk was higher. Jeff emphasized that the ADL mechanism is designed to transfer potential profits to users and reduce systemic risk, achieving a "win-win" situation. He added that Hyperliquid's ADL queue logic is similar to that of mainstream centralized exchanges, calculated based on leverage and unrealized profit and loss. While more complex algorithms are currently under development, the team believes that "keeping the mechanism simple, robust, and easy to understand" is the best solution.