Settlement Pools

A settlement pool is created between two counterparties, and contains:

  1. Open derivatives positions

  2. USDC collateral from both parties

  3. Rules governing margin requirements and liquidation

All settlement pools are completely isolated from each other. Positions that exist in one settlement pool cannot be transferred or netted with positions in another settlement pool. Similarly, 3rd parties do not have access to funds in settlement pools they are not a part of.

Margin requirements and liquidation rules may be completely different on a pool to pool basis.

Deposits and Withdrawals

A user may freely deposit more USDC into the pool. A user may withdraw the unused balance from the pool, up to the maintenance margin requirement.

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