Hyperliquid co-founder responds to skeptics: ADL is unrelated to HLP, denies claims of "destroying $653 million in revenue."

Hyperliquid co-founder Jeff posted on platform X to refute recent accusations regarding ADL (Automatic Deleveraging), stating that some commentators have drawn incorrect conclusions without understanding the core concepts. He emphasized that the ADL mechanism "does not transfer profits and losses to HLP" and pointed out that its treatment of users and HLP is completely symmetrical, stating that "ADL has nothing to do with HLP or back-to-back liquidation."

Jeff also denied the claim that "ADL destroyed $653 million in profits," stating that such remarks are based on misunderstandings, and criticized certain authors who claim to have an academic background for "using complex machine learning terminology to wrap erroneous conclusions," emphasizing that one should understand the subject of study before publishing research or comments.