diff --git a/execution.md b/execution.md index f122d9c..47fbc08 100644 --- a/execution.md +++ b/execution.md @@ -106,11 +106,11 @@ Liquidation closes the relevant position. It is subject to a liquidation penalty Trading at uniwhale is subject to the following constraints: -* Leverage cannot exceed 200x. -* A trader can carry at most 3 open positions for each pair. -* A trader can carry at most 3 open positions across pairs. -* A trader can carry at most $100,000 of margin across pairs. -* Minimum position (after leverage) is $100. +* Leverage cannot exceed a cap. +* The number of open positions for each pair a trader can carry is capped. +* The number of open positions across pairs a trade can carry is capped. +* The total margin across pairs a trader can carry is capped. +* There is a minimum position (after leverage) required. * A position is subject to the maximum percentage PnL, determined as a function of your margin and leverage (see [Maximum Percentage PnL](execution.md#maximum-percentage-pnl)). * The maximum possible PnL of all open positions (long and short) across the platform cannot exceed the prevailing market value of Liquidity Pool.