Margin trading and P2P funding are getting pushed towards new horizons on @bitfinex !
All this was made possible to the huge matching engine performance improvements achieved in the last months.
#Bitcoin
#Ethereum #XRPCommunity $XRP $LTC https://twitter.com/bitfinex/status/1230760756179693568 …pic.twitter.com/HgaFgZ1oTJ
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1/2 Our liquidation system is designed to minimize the impact on the account and books. First we try to liquidate the position into the book up to a max slippage / USDt equivalent.
2/2 The reminder gets taken over along with allocated margin (since Finex works in isolated margin to ensure users have a perfect way to limitate their risk) and the system splits the position in many small orders, adsorbing the loss on the insurance fund.
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Where does the insurance fund come from?
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Finex offered the initial 400k USDt
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