Trading Risk Control

Inquiry

Estimated Initial Margin

The pricing engine estimates the initial margin required for the inquiring party to open a position based on the mark price:

$EstimatedIM = \max(IMRFQFactor \cdot IM, MinIM)$

Initiating New Strategy

• Quantity Condition: The position size per underlying asset must not exceed the limit (10,000 BTC, 100,000 ETH).

• Cash Requirement: DederiBalance must not fall below the minimum deposit requirement (i.e., EstimatedIM, net premium paid (if option leg exists) and inquiry fee).

Merging into Existing Strategy

• Quantity Condition: The position size per underlying asset must not exceed the limit (10,000 BTC, 100,000 ETH).

• Closing Pairs Condition: If the new and existing strategies contain futures legs with different direction and same expiration, any FutureRealizedPnL generated from paired close-out positions will be recognized in the AvailableBalance.

• Cash Requirement: DederiBalance and AvailableBalance of the existing strategy must not fall below the minimum deposit requirement (i.e., EstimatedIM, net premium paid (if option leg exists) and inquiry fee). After execution, the sum of DederiBalance and the Equity of the existing strategy must not fall below the EstimatedIM and inquiry fee.

Quote

Estimated Initial Margin

The pricing engine estimates the initial margin required for the quoting party to open a position based on the mark price:

$EstimatedIM = \max(IMQuoteFactor \cdot IM, MinIM)$

Initiating New Strategy

• Quantity Condition: The position size per underlying asset must not exceed the limit (10,000 BTC, 100,000 ETH).

• Cash Requirement: DederiBalance must not fall below the minimum deposit requirement (i.e., EstimatedIM, net premium paid (if option leg exists) and quote fee). The Equity of the new strategy must not fall below the EstimatedIM.

Merging into Existing Strategy

• Quantity Condition: The position size per underlying asset must not exceed the limit (10,000 BTC, 100,000 ETH).

• Closing Pairs Condition: If the new and existing strategies contain futures legs with different direction and same expiration, any FutureRealizedPnL generated from paired close-out positions will be recognized in the AvailableBalance.

• Cash Requirement: DederiBalance and AvailableBalance of the existing strategy must not fall below the minimum deposit requirement (i.e., EstimatedIM, net premium paid (if option leg exists) and quote fee). After execution, the sum of Equity of both new and existing strategy must not fall below the EstimatedIM.

Confirm Deal

Estimated Initial Margin

The pricing engine estimates the initial margin required for the inquiring party when accepting a preferred quote, based on the mark price:

$EstimatedIM = \max(IMTradeFactor \cdot IM, MinIM)$

Initiating New Strategy

• Quantity Condition: The position size per underlying asset must not exceed the limit (10,000 BTC, 100,000 ETH).

• Cash Requirement: Both the inquiring and quoting parties must ensure that DederiBalance must not fall below the minimum deposit requirement (i.e., EstimatedIM, net premium paid (if option leg exists) and inquiry/quote fee). The Equity of the new strategy must not fall below the EstimatedIM.

Merging into Existing Strategy

• Quantity Condition: The position size per underlying asset must not exceed the limit (10,000 BTC, 100,000 ETH).

• Closing Pairs Condition: If the new and existing strategies contain futures legs with different direction and same expiration, any FutureRealizedPnL generated from paired close-out positions will be recognized in the AvailableBalance.

• Cash Requirement: DederiBalance and AvailableBalance of the existing strategy must not fall below the minimum deposit requirement (i.e., EstimatedIM, net premium paid (if option leg exists) and inquiry/quote fee). After execution, the sum of Equity of both new and existing strategy must not fall below the EstimatedIM.

Transfers and Withdrawals

• Transfer: Transfer cash from the AvailableBalance of a single strategy to DederiBalance, subject to both on-chain and off-chain verification.

• Withdrawal: Withdraw cash from DederiBalance to the user’s wallet address, subject to both on-chain and off-chain verification.