Total Assets: All assets in each Margin account, including Available Assets + Frozen Assets.
Available Assets: Assets that can be used for trading, including those transferred-in and borrowed.
Frozen Assets: Assets that are not available for trading or transferring out, and generally refer to the amount in an order.
Transfer-In Assets: Coins that are transferred to the Margin account of this trading pair from other accounts.
Borrowed Assets: The coin borrowed through the Margin account of this trading pair using Transfer-In Assets as margin.
Maximum Loan Amount
Maximum loan amount refers to the amount that a user can borrow by using max leverage:
Max Loan Amount = (Total Assets of the Trading Pair – Outstanding Borrowed Assets – Outstanding Interest) * (Max Leverage - 1) - Outstanding Borrowed Assets
Minimum Loan Amount: Each coin has a minimum loan amount. Any loan less than this amount will not be executed.
Note: Assets cannot be transferred out after borrowing.
Interest-Bearing Rules: Independent interest will be charged on every single borrowing order. The first interest (as 1 day) is calculated on the basis of a successful borrowing. Then, the interest will be calculated every 24 hours.
- Repayment currency must be consistent with borrowed currency.
- If the balance of the current coin is less than the borrowing amount, then you cannot make full repayment. You’ll need to change other coins to the current coin by manual trades.
- Once the principal and interest of a single borrowing order has been fully paid off, the order status will be changedto Paid-off, and the order is no longer charged for interest.
Risk Ratio = [(Total Assets of Quote Currency – Outstanding Interest on Quote Currency) + (Total Assets of Base Currency - Outstanding Interest on Base Currency)/(Borrowed Assets of Quote Currency + Borrowed Assets of Base Currency )]*100%
If the risk ratio reaches the liquidation line, liquidation will be triggered. All trades and actions are forbidden during liquidation.
Is there SMS alert before liquidation?
When the risk ratio reaches the liquidation line, system will send SMS alert to User. After receiving the message, User can transfer-in assets to avoid liquidation.