The Margin Insurance Fund is from the liquidation fees. It is designed to make up for losses from traders whose account balance (equity minus liability) is less than zero after liquidation is done in a forced liquidation event.
Rules of Margin Insurance Fund 1.Repayment In the case of bankruptcy, when the account equity (assets minus liabilities) is negative due to insufficient balance for repayment, our platform will use the margin insurance fund to cover the losses. -If the value of the liability is no more than the equivalent of 0.1 BTC, the system will automatically use the margin insurance fund to cover the losses. -If the value of the liability is greater than the equivalent of 0.1 BTC, manual review is required and it will take some time to verify and complete the repayment process. 2.Withdrawal Limit -If the total bankruptcy amount of the main account and all sub accounts is no greater than the equivalent of 10,000 USDT, manual review is required for withdrawing assets in other accounts. Withdrawal is only available after the manual review is passed. -If the total bankruptcy amount of the main account and all sub accounts is greater than the equivalent of 10,000 USDT, the same amount of assets as the bankruptcy amount in other accounts will be frozen and unable to be withdrawn. Entry to check the balance of margin insurance fund: Web: Click Loan Information] - [Insurance Fund] to enter the margin account page, and click [Insurance Fund]. Or you can directly go to [[Margin Insurance Fund] to view details. App: Enter the margin trading page. Tap [...] - [Trading Rules] - [Margin Insurance Fund] to view details. Liquidation Fee: The platform will charge a certain percentage of liquidation fee in a forced liquidation event. The liquidation fee charged can be checked in the liquidation fee history. It's recommended that users strictly control risks to avoid liquidation.
