1 million USDC deposited into an on-chain backstop liquidator by @tradexyz to reduce ADL during periods of high volatility
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According to Odaily, monitored by HyperliquidNews, 10 days ago, @tradexyz deposited 1 million USDC into the on-chain back-up liquidator to help reduce automatic deleveraging during periods of high market volatility. This liquidator is enabled only for cross-margin assets and has processed 4.15 million USD in liquidations to date, generating 28,281 USD in profit.
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