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Says more about FTX than it says about CEL. These are CEL tokens at FTX and I just checked and CEL is eligible collateral under “non-usd collateral” with a .85 weight.
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Note: collateral value decreases with the amount you have!
See the IMF factors: help.ftx.com/hc/en-us/artic
So, e.g., 25m CEL tokens:
margin given is size * price * min(weight, 1.1 / (1 + imf factor * sqrt(size)))
= 25m * 7 * min(85%, 1.1/(1+0.001*sqrt(25m))) = $32m, not $175m!
Indeed Sam. And that is awesome and makes a lot of sense as you reduce concentration risk within the exchange. 👍
Would it be possible to add the `imf factor` somewhere in the API?
The collateral weight is already available in `/wallet/coins`