ADL is a last-resort process used by exchanges that forcibly closes profitable traders' positions to cover the losses of bankrupt accounts, which can disrupt the market and penalize non-liquidated users. Maintains Market Stability: It acts as a layer of protection against major market volatility, hedging against liquidity risks and reducing the potential for a cascading chain of liquidations.3. What Contributes to the Security Fund?

ADL acts as the last resort to protect these OKX security funds by deleveraging opposing profitable or highly leveraged positions (referred to as deleveraged positions), which promotes market fairness to users with less leverage. Deleveraging is achieved by matching and offsetting such deleveraged positions with bankrupted positions. ADL also helps maintain market stability and liquidity by automatically adjusting the positions from both sides, instead of relying solely on the order book.

Class Action Waiver Any claim or dispute arising under these Terms will take place on an individual basis without resort to any form of class or representative action (the “Class Action Waiver”). THIS CLASS ACTION WAIVER PRECLUDES ANY PARTY FROM PARTICIPATING IN OR BEING REPRESENTED IN ANY CLASS OR REPRESENTATIVE ACTION REGARDING A CLAIM.