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  • Introduction
    • Overview
    • ELP Design
    • Supply Liquidity
    • Mint ELFi Token
    • Burn ELFi Token
    • Overview
    • Margin Mode
    • Collateral Backed by Cross Margin
    • Trading Assets
    • How to Trade
    • How to Manage Positions
    • How to Close a Position
    • How to TP and SL
    • Trading Fees
    • Funding Fees
    • Overview
    • Withdrawal Limit
    • Redeem Limit
    • Official
    • Report
    • Overview
    • Rest
    • Contracts
    • Tokens
    • SDK
    • About Degen
    • What is the difference between ELFi isolated and cross?
    • How is the market price on ELFi generated?
    • What collateral is used for long and short trades?
    • Can I go long and short on the same contract simultaneously?
    • What types of orders can I use to trade?
    • What is liability?
    • How does liability affect me?
    • How do I repay my liability?
    • Term And Conditions
    • 500% APR Boosting Event
FAQ
What is liability?

What is liability?

When using account assets for trading, if there is not enough base token deposited in the account, the losses and expenses incurred after the position is settled will be converted into liabilities in that token.

Note: When the losses and fees exceed deposited amounts during settlement, the excess is converted into liability, while deposited amounts are used to offset losses and fees.

What types of orders can I use to trade?How does liability affect me?