Tradexyz Deploys $1M USDC Backstop Liquidator for Cross-Margin Assets

In an effort to mitigate automatic deleveraging during periods of high market volatility, @tradexyz deposited $1 million USDC into an on-chain backstop liquidator. This move has already yielded significant results, with the liquidator processing $4.15 million USD in liquidations and generating a profit of $28,281 USD to date.

The backstop liquidator is specifically designed for cross-margin assets and is only activated during times of high volatility. By providing this on-chain solution, @tradexyz aims to reduce the impact of automatic deleveraging events on traders and investors.