Key point: ADL = bad. It's a last resort.
One of the largest differences between OKEx 2018 and OKEx 2020 is ADLs: they've gone from ALDs/clawbacks every week to basically no ADLs.
Happy to say that FTX has never had a clawback.
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The core design principle of ADL/Clawback mechanism is NOT to trigger it as much as possible.Hence our traders would receive the expected profits upon settlement @OKEX no traders were clawback/ADL-ed during the vol market & most importantly #OKEX manage to keep MMR relatively low
