Doug's ADL explanation for reference: x.com/0xdoug/status/1976850615…
1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer. What is ADL? How does it work? And why does it exist? https://x.com/0xdoug/status/1976850615621107743/photo/1
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