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Gate.io Perpetual Futures Functions Upgraded(Upgrade to 6.9 or above for App )
Gate.io Perpetual Futures Functions Upgraded(Upgrade to 6.9 or above for App )
2024-09-24 09:09:34 UTC
5067 Read
Gate.io has optimized the liquidation trigger conditions, liquidation process, and hedge mode functions. Futures users must upgrade the App to version 6.9 or above to continue using these features, as users on older versions will not be able to open new positions.
Major changes:
1)Liquidation Trigger Conditions Upgrade
Old: Liquidation is triggered when the mark price hits the liquidation price.
New: Liquidation will be triggered when the maintenance margin level (MMR) falls to 100% or below. In cross margin mode, all positions share the margin, and unrealized PNL are offset and included into the total margin balance calculation, helping reduce the liquidation risk.
2)Tiered Liquidation Mechanism
Old: All positions are closed immediately once liquidation is triggered.
New: When liquidation is triggered, the engine will calculate if the maintenance margin level goes back to 100% or above at a lower risk limit level. If it does, the liquidation will stop there.
3)Profit and Loss (PNL) of Positions in Hedge Mode
Old: In cross margin mode, unrealized PNL and margin occupied of two hedging positions could be offset.
New: In cross margin mode, a standard margin will be required for the higher-value position to enter the market. The unrealized PNL are offset and included into the total margin balance calculation. Liquidation will be triggered when the maintenance margin level falls to 100% or below.
Thank you for your continued support.
Should you have any questions, don't hesitate to contact our 24/7 customer support.
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Trade over 2,600 cryptocurrencies safely, quickly and easily on Gate.io
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Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gateio_en
Gate.io Team
September 24, 2024
Major changes:
1)Liquidation Trigger Conditions Upgrade
Old: Liquidation is triggered when the mark price hits the liquidation price.
New: Liquidation will be triggered when the maintenance margin level (MMR) falls to 100% or below. In cross margin mode, all positions share the margin, and unrealized PNL are offset and included into the total margin balance calculation, helping reduce the liquidation risk.
2)Tiered Liquidation Mechanism
Old: All positions are closed immediately once liquidation is triggered.
New: When liquidation is triggered, the engine will calculate if the maintenance margin level goes back to 100% or above at a lower risk limit level. If it does, the liquidation will stop there.
3)Profit and Loss (PNL) of Positions in Hedge Mode
Old: In cross margin mode, unrealized PNL and margin occupied of two hedging positions could be offset.
New: In cross margin mode, a standard margin will be required for the higher-value position to enter the market. The unrealized PNL are offset and included into the total margin balance calculation. Liquidation will be triggered when the maintenance margin level falls to 100% or below.
Thank you for your continued support.
Should you have any questions, don't hesitate to contact our 24/7 customer support.
Gateway to Crypto
Trade over 2,600 cryptocurrencies safely, quickly and easily on Gate.io
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gateio_en
Gate.io Team
September 24, 2024
