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Yunxi

· 2024-04-15 18:51

Dear users, when the total maintenance margin level< = 100%, the system will start a liquidation process to drop the level of risk you account. The system first cancels all makers and checks if the total maintenance margin level is greater than 100%, and if so, terminates the liquidation process. If the total maintenance margin level does not return to more than 100% after the order is cancelled, the system will close the contract Position first and then process the loan. For borrowed funds (including actual borrowed funds and negative balances), the system will prioritize repayment of coin liabilities with large borrowed amounts according to the size of the borrowed amount. When selling assets, we will give preference to the coin with the largest USD value of the asset. After the assets are sold, the system will collect 2% of the liabilities into the insurance fund pool to cover the margin shortfall of bankrupt position. During the repayment process, the system will check whether the total maintenance margin level has returned to more than 100%, and if so, the Liquidation Close Position process will be terminated. This is a description of the risk control mechanism of the unified account, you can refer to it: https://www.gate.ac/zh/help/unified_account/risk_control_mechanism/33015

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TomatoScrambledEggsWi

· 2024-04-15 17:41

Is it borrowed u, there is a Margin Level after opening a unified account, and if it is lower than the ratio, it will be automatically sold to you, and my shib is also sold in this way.

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DumbCatCat

· 2024-04-15 16:49

Can the platform force the sale of members' coins at the lowest price?

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