Protocol
Paper risk model
The parameters behind every fill.
These numbers are simulation settings, chosen for learning. They are not live protocol parameters.
Parameters
| Parameter | Value |
|---|---|
| Starting collateral | 1 ETH |
| Minimum margin | 0.001 ETH |
| Trading fee | 0.1% per side |
| Liquidation loss | 90% of margin |
| Minimum liquidity | $5,000 |
| Long capacity | 5% of pool liquidity |
| Short capacity | 4% of pool liquidity |
Leverage tiers
| Pool liquidity | Max leverage |
|---|---|
| ≥ $100,000 liquidity | 5x |
| ≥ $20,000 liquidity | 3x |
| ≥ $5,000 liquidity | 1.5x |