Collateral & Liquidation
- Do you take 10% of my global collateral or only the collateral backing my GOLD?
Only the collateral backing your GOLD.
- Is my buffer ever touched during raids?
Never.
- If GOLD price pumps and my collateral drops below 10%, do I get liquidated instantly or only during raids?
Instantly. Liquidations are irrespective of the events that are occurring and checks are made on a continuous basis.
- Do I get liquidated the moment I fall under 10%, regardless of causation?
Yes.
- Do I stay liquidatable while I’m in the exit queue?
Yes.
Raids
- Can two raids happen very close together (e.g., 01:30 and 03:30)?
The closest that something can happen is perhaps, if we assume two intervals (0h-6h) and (6h-12h), Raid1 occurring at 5h59m, and Raid2 occurring at 6h01m.
- Does each raid reset the 6-hour timer?
It doesn’t reset it per say, but rather it uses up that raid within the interval.
- How many raids can happen in 24 hours?
- If I survive a raid early in the interval, am I safe until the next interval starts?
Yes. From a raid perspective.
Buying & Selling GOLD
- When I buy $GOLD, how much USDT should I stake to stay safe as price rises?
Subjective.
- Should I over-collateralize heavily to avoid liquidation?
Definitely.
- Does my GOLD balance increase automatically from others getting liquidated or skimmed?
Yes. The actual number of GOLD tokens within your balance increases.
- Are instant sells allowed?
No, the shortest time to queue for a sell is 1 hour.
- What is the minimum penalty for a fast exit (1-hour queue)?
50%
- While exiting, does the GOLD I'm selling still count as my balance for liquidation?
Yes. But, if you’re currently 10 minutes through your 15 minute TWAP out, only the assets that are to be sold in the remaining 5 minutes count. The USDC realised from the already-happened 10 minutes is not factored into collateral calculations.
Launch & Platform
- Is mobile access allowed?
No.