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2022-11-30 06:37:14 +00:00
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@@ -68,15 +68,15 @@ Opening a position will transfer the required margin to a dedicated on-chain con
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.
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.
## 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. 
A trader may request the PnL to be transferred in a stablecoin other than USDC, in which case the PnL (together with the margin) will be swapped into the requested stablecoin and transferred to the trader.
You may request the PnL to be transferred in a stablecoin other than USDC, in which case the PnL (together with the margin) will be swapped into the requested stablecoin using a third-party DEX (e.g. Uniswap), with the minimum amount of the stablecoin specified by you, and transferred to you.
A trader can not lose more than the margin posted. 
You can not lose more than the margin posted. 
## Liquidation
@@ -96,4 +96,5 @@ Trading at uniwhale is subject to the following constraints:
* A trader can carry at most $\[. ] of margin across pairs.
* Minimum position (after leverage) is $\[. ].
* A position has the maximum percentage PnL of \[. ].
* The maximum possible PnL of all open positions (long and short) across the platform cannot exceed the prevailing market value of Liquidity Pool.