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Closing Trades

Trades can be closed on Domination Finance in three fashions: manual, automated, or liquidated.

  • Manual Close: Traders can manually close part or all of their position at the current market price. Manual closes are the only way in which a position can be partially closed.

  • Automated Close: Traders will have their position automatically closed if the Take Profit or Stop Loss price is hit. The remaining USDC collateral will automatically be returned to the wallet used by the trader to open the trade.

  • Liquidated: Traders will have their position liquidated if the negative PnL% on the position reaches the position’s liquidation threshold. If a trader is liquidated, no collateral will be returned, as such closing fees are not applicable if a position is liquidated.

  • Closing Fee: A closing fee is deducted from the USDC collateral before the trade is closed. The fee will depend on if the position is determined to be a maker or a taker.

Maker fees are charged if the position’s leverage is equal to or less than 20x AND OI skew reduces with the trade being closed.

Taker fees are charged if the position’s leverage is greater than 20x OR OI skew increases with the trade being closed.

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