Quote

Quoters can provide quotes for two types of inquiries: regular inquiries and liquidating inquiries. Different inquiries follow distinct rules.

Regular Inquiry

Regular inquiries refer to inquiries initiated by other users on Dederi RFQ. Quoters must adhere to the following rules when quoting:

• Quotes must be submitted for the complete regular inquiry (i.e., quote for one of individual leg of a strategy is not supported);
• Quoters can choose whether to merge the quote with existing strategy;
• Quotes are denominated in USDC, reflecting the price per unit of the trading asset (e.g., 2400 USDC/1 ETH);
• Self-quote on one's own standard inquiry are not allowed;
• Quotes are only accepted during the valid period of the regular inquiry;
• Only one active quote is allowed for a specific regular inquiry, i.e., no duplicate quotes are permitted while the existing quote remains valid;
• Futures quote ranges must comply with trading restrictions, as detailed in the Futures Contract documentation;
• The margin required for quote refers to the Portfolio Margin document for details.

Liquidating Inquiry

Liquidating inquiries refer to the request initiated by Dederi when a user's strategy position requires liquidating due to insufficient margin. Quoters must comply with the following rules:

• Quotes must be submitted for the complete regular inquiry (i.e., quote for one of individual leg of a strategy is not supported);
• Quoters can choose whether to merge the quote with existing strategy;
• Quotes are processed directly on-chain with no additional confirmation requirements;
• Quotes are denominated in USDC, reflecting the price per unit of the trading asset (e.g., 2400 USDC/1 ETH);
• Self-quote on one's own liquidating inquiry are not allowed;
• Liquidating inquiries have no validity period. Quotes can be submitted as long as the liquidating strategy satisfies $\text{MMRatio} ＞ 100\%$;
• Quote prices for liquidating inquiries are correlated with the liquidating state duration. Refer to the Liquidating document;
• Quoters can set a slippage tolerance. If the actual execution price exceeds the slippage tolerance range, the trade is automatically canceled;
• The margin required for quote refers to the Portfolio Margin document for details.