Dear user,
CoinBene, after the USD contract launched the mixed margin function, it has received unanimous praise from the majority of USDT contract users, and it is strongly recommended to add new currencies. Therefore, CoinBene added three new currencies, EOS/UNI/ETC, as suggested by users.
The currency of the collateral for the mixed margin. Instructions for use are as follows:
|
Digital currency
|
Initial pledge rate
|
Pledge rate of replenishment
|
Pledge rate for liquidation
|
|---|---|---|---|
| EOS | 50% | 70% | 80% |
| UNI | 50% | 70% | 80% |
| ETC | 50% | 70% | 80% |
Initial pledge rate:The initial pledge rate is the ratio of the value of the digital currency that determines the assets that can be borrowed to the value of the digital currency of the required pledge.
Pledge rate of replenishment: When the pledge rate reaches the replenishment line, the system will notify the user via email/push/SMS, etc. It is also recommended that the user increase the collateral assets in time to reduce the risk of liquidation.
Pledge rate for liquidation:
CoinBene uses the pledge rate to evaluate the risk level of your mixed margin account. When the pledge rate reaches a certain threshold, your mortgage assets will face liquidation. The collateral will first go through the liquidation system to repay the loan, and if there is any remaining assets after the liquidation, the original margin type will be returned. He will also notify you that you have been liquidated via email/site letter/text message.
When a liquidation occurs, you will be charged a liquidation fee, which is 1% of the borrowed amount.
CoinBene
August 20,2021