💎Cashout Order
Last updated
Last updated
A cashout order is a function that allows a user to exit a Pre-Market/Point-Market trading position and withdraw part or all of the collateral by swapping that position with another user at any time.
The Cashout feature becomes available when the buyer's and seller's trades have been matched.
The actual value of cashout assets = R×C−| [V2−V1×R] |
Cashout Volume: RxC
User's Loss: |V2-V1xR|
In which:
C is The initial Collateral
V1 is The Initial Trading Volume
V2 is The Cashout Volume
R is The ratio of Credit being cashed out, relative to the total Credit held for a specific trading pair.
Unich Point-Market Rules: The Cashout function allows both buyers and sellers to exit their positions and withdraw part or all of the collateral, under the condition that they accept receiving back an amount equal to or less than the original collateral, as they are forfeiting their commitment early.
The rationale is that by exiting the position, you are backing out of the contractual agreement between the buyer and seller. Therefore, you must accept either breaking even or incurring a loss on the investment made when exiting your position before the payment settlement occurs.
Learn more about Point-Market Cashout Order [here]
