100万枚USDC deposited into on-chain backup liquidator, @tradexyz used to reduce ADL during high volatility

OdailyNews: According to HyperliquidNews monitoring, 10 days ago, @tradexyz deposited 1 million USDC into the on-chain backup liquidator to help reduce auto-deleveraging during periods of high market volatility. The liquidator is only enabled for cross-margin assets, having processed $4.15 million in liquidations so far and generating a profit of $28,281.