Gate.io Scheduled USDT&USD&BTC Margined Perps Trading Engine Upgrade (22 November, 14:00-14:10 UTC)
Affected services:All USDT,USD and BTC margined perpetual contracts
Major ChangesThis upgrade is going to change the way to calculate the deleveraging priority in the case of an ADL (Auto-Deleveraging ) event. Currently, opposing positions’ "Profit " calculated based on the entry price is used to determine the deleveraging priority, where the opposing positions with the highest profit will be deleveraged first. After the upgrade, the "Rate of Return" calculated based on unrealized PNL X Leverage (in the case of cross margin and without leverage setup, the leverage will be the maximum leverage applicable to the position) will be used to calculate the priority ranking.
What is ADL
In the event of liquidation, if the liquidation order can not be filled in the market at the bankruptcy price, it will be taken over by the insurance funds. If the insurance funds can not cover the loss as well, an ADL(auto-deleveraging) event will occur. The ADL system will automatically deleverages opposite positions based on deleveraging priority.
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
Reach out to us!
GateVIP Twitter: https://twitter.com/GateioVIP
API Telegram: https://t.me/gateioapi
November 21, 2022
Click "Open in browser"
Download in your browser