Liquidation Fee

Liquidation Fee: 2 USDT

A liquidation process is triggered if the asset prices move adversely against the user. In this process, the liquidation contract will automatically close (liquidate) the user's position to prevent further losses.

Calculation of liquidation price is shown here.

Handling of Fees and Remaining collateral:

• If the user's current collateral, minus the closing fees and liquidation fees, results in a value less than zero, the user will not be returned any collateral.

• Conversely, if the user's current collateral, after deducting closing fees and liquidation fees, remains greater than zero, the user will be returned the surplus collateral.