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Gate.io Automatically Upgrades the Liquidation Mode and the Margin Mechanism for Hedging Positions
Gate.io Automatically Upgrades the Liquidation Mode and the Margin Mechanism for Hedging Positions
2024-09-26 07:39:47 UTC
8372 Read
Dear Gate.io User:
To further improve user experience and minimize risks, Gate.io has upgraded the liquidation process and trigger conditions, and hedging positions.
Please note:
To experience the new liquidation mode, your App must be updated to version 6.9 or higher, and make sure there are no positions or pending orders for 1 hour in your futures account.
Please make timely updates to your App.
Existing positions will not be affected if you do not upgrade to the new liquidation mode.
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.
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 26, 2024
To further improve user experience and minimize risks, Gate.io has upgraded the liquidation process and trigger conditions, and hedging positions.
Please note:
To experience the new liquidation mode, your App must be updated to version 6.9 or higher, and make sure there are no positions or pending orders for 1 hour in your futures account.
Please make timely updates to your App.
Existing positions will not be affected if you do not upgrade to the new liquidation mode.
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.
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 26, 2024
