According to @AveryChing, public-source ADL code on decentralized perpetuals exchanges lets traders know exactly how forced deleveraging will execute, with code-as-documentation and formal verification enabling solvency proofs that centralized exchanges cannot match. Source: https://twitter.com/AveryChing/status/1999009962941632833 Tarun Chitra stated that decentralized perpetuals exchanges should publish verifiable ADL policies and said Hyperliquid’s ADL is not public. Source: https://x.com/tarunchitra/status/1998985138789838914 This transparency directly reduces uncertainty around liquidation events and solvency for perp DEX participants, making ADL policy disclosure a trading-relevant exchange selection factor, per @AveryChing. Source: https://twitter.com/AveryChing/status/1999009962941632833