Q: Are the maximum leverage multiples and margin tiers for each cryptocurrency on the mainnet the same as on the testnet?

A: Please refer to the actual settings on the mainnet. Consult the detailed margin tier table for specifics. For example, BTC has a maximum leverage of 25x for positions up to $4 million in notional value, while ETH and SOL have a maximum of 20x. Leverage caps vary by asset and position size. We recommend carefully reviewing the latest margin tier table before trading.

Q: Does the mainnet's funding rate calculation differ from the testnet?

A: The mainnet funding rate represents real and significant transaction costs. Its calculation follows detailed specifications, comprising an interest rate and a premium index, with hourly fee swaps between long and short positions. The rate cap is 4% per hour.

A: Leverage allows you to open a position worth significantly more than your principal using a smaller amount of funds (margin). It amplifies your profits but also magnifies your losses. On SoDEX, due to the liquidation mechanism, you can only lose up to the full margin you invested in the position and will not incur debt. However, it is crucial to understand that high leverage carries extremely high risk.

A: When market prices move against your position, causing losses that reduce your remaining margin below the minimum required to maintain the position (the maintenance margin), the system will forcibly close your position. This process is called a forced liquidation. You will lose all margin allocated to that position. The specifics of liquidation vary significantly depending on your margin mode (Isolated or Cross):

In this mode, margin allocated to a specific position is isolated (e.g., you open a long position with 100 USDT using Isolated Margin).
Liquidation Scenario: When losses from this position deplete the dedicated margin (e.g., 100 USDT), causing it to fall below the maintenance margin requirement, only this single position will be liquidated. Other funds in your account and other positions remain unaffected.

In this mode, all available balances in your contract account are treated as shared margin for all your positions.
Liquidation Scenario: The system uses all funds in your account collectively to hedge risks and maintain all positions. Only when the market turns extremely unfavorable, causing the total loss across all positions to persistently expand until your entire account balance falls below the total maintenance margin required for all positions, will all positions in your account be liquidated simultaneously.

A:
Last Trade Price: The most recent transaction price on the SoDEX platform, which may fluctuate sharply due to large instant trades.
Mark Price: To prevent malicious price manipulation, SoDEX uses the Mark Price to calculate your unrealized P&L and trigger liquidations. It is a fairer, more stable price derived from a weighted average of prices from multiple external major exchanges and SoDEX's own price feed, effectively resisting price spikes.

Q:What is the Auto-Deleveraging mechanism?
A:Auto-deleveraging (ADL) strictly ensures the platform's solvency. When a user's account value or isolated position value becomes negative, users on the opposite side are ranked based on their unrealized PnL and leverage. Backstop liquidated positions receive no special treatment in the ADL queue. These positions are closed at the previous mark price against the underwater user, preventing bad debt for the platform.

As a critical final safeguard for platform solvency, ADL maintains a strict invariant: under all circumstances, users with no open positions will not bear any platform losses.