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@@ -70,6 +70,12 @@ The initial margin is calculated based on the matched prices ("Mark Price").
You can post margin in many stablecoins, which will then be automatically swapped into USDC using a third-party DEX (e.g. Uniswap), with the maximum amount of the stablecoin to meet the USDC margin requirement specified by you.
### Slippage setting
Your execution price is deterministically calculated (see [Fee and Market Impact](execution.md#fee-and-market-impact)) based on the latest oracle price, but, especially during a fast moving market, there can be a gap between the screen price and the actual execution price (primarily due to changes in oracle price and outstanding positions on the platform). 
To mitigate this risk, you can specify Slippage when opening a position, so that the actual execution meets your execution price requirement.
## Closing a position
Closing a position will calculate the PnL based on the best price offered by the Liquidity Pool and transfer it to the trader, together with the margin posted. 
@@ -78,6 +84,12 @@ You may request the PnL to be transferred in a stablecoin other than USDC, in wh
You can not lose more than the margin posted. 
### Slippage setting
Your execution price is deterministically calculated (see [Fee and Market Impact](execution.md#fee-and-market-impact)) based on the latest oracle price, but, especially during a fast moving market, there can be a gap between the screen price and the actual execution price (primarily due to changes in oracle price and outstanding positions on the platform). 
To mitigate this risk, you can specify Slippage when closing a position, so that the actual execution meets your execution price requirement.
## Liquidation
Outstanding positions are subject to liquidation if the relevant liquidation price is breached according to the price oracle ("Index Price").