In the volatile world of derivatives trading, Automated De-Leveraging (ADL) acts as a safety net, deployed only when all other measures fail. Binance and Hyperliquid, two giants in the crypto space, offer contrasting approaches to this crucial function, each with their own philosophy. Binance’s ADL leverages a layered insurance system and human oversight, delaying the inevitable until they can intervene with additional funds before pulling the trigger. Hyperliquid, on the other hand, takes a more radical approach, deploying its on-chain mechanisms directly, prioritizing transparency and efficiency even at the expense of emotional sensitivity. 🎯 Trigger Moment: Who pulls the master switch? 🔌