Collateral backed by cross margin
Under cross margin mode, we support depositing USDC, ETH, WETH, and WBTC as collateral for trading or supply liquidity. Different collaterals will have different weights, and the available value of the collateral is calculated according to the corresponding weights.
| Collateral | Weight | LiquidationFactor | Deposit Cap | Deposit Cap (Personal) |
|---|---|---|---|---|
| USDC | 99％ | 0.05 | 500,000,000 | 500,000 |
| ETH / WETH | 90％ | 0.05 | 100,000 | 100 |
| BTC | 90％ | 0.05 | 10,000 | 10 |
NOTE: If the deposit limit is reached, you will see an error notice and will not be able to deposit.
The weight of your collateral will affect your available collateral value, as shown in the following equation:
- Available Collateral Value = Amount of Deposited Collateral × Price × Weight, in USD Value
For example, if you deposited $1,000 USDC and 0.50 ETH (where the price of ETH is $3,000), your account value (in USD) is $2,500 and the available collateral value is: =(1,000 x 99%) + (0.5 x 3,000 x 90%) = $2,340
The price of ETH also affects the available collateral on your account. If the price increases, this will increase the available collateral. On the other hand, a falling ETH price will reduce the value of available collateral.