JOJO.Exchange
  • JOJO EXCHANGE
    • 🔍Overview
    • 🚀Roadmap
    • 📣Announcement
      • 🛠️JOJO Exchange Upgrade to v2
      • 🤖Unlock Exclusive Rewards and AI-Powered Trading – The Future of DeFAI Awaits!
      • 🤝Transforming DeFi With Chainlink and Lido
      • 🪂JOJO's Airdrop Season 2!
      • 🎰Introducing Our New Mini-Game: Slot Machine!
      • 🪂Airdrop Season 1 claiming portal is ON!
      • 🤖JOJO is Integrating Chainlink Data Streams to Power Its Silicon-Based AI Exchange
      • 💡Upgrades to Chainlink Data Streams
      • 🪂JOJO's Airdrop Season 1!
      • 🍭You can now claim the reward for the 7-Day check-in Challenge!
      • ❗Notification of Environment Removal
      • 🪂JOJO's Airdrop Season 0!
      • 🪙New listing: WIF/USDC, ENA/USDC, CKB/USDC, BOME/USDC, W/USDC, ETHFI/USDC, ONDO/USDC, and DOGE/USDC
      • 🔖Fee Discount Notice
  • v2 product guides
    • 🧐Tutorials
      • How to Connect Wallet & login?
      • 💰Deposit & Withdraw
      • 📈How to trade Perpetual?
      • 📈How to Close a Position?
      • 📈What is a Limit Order, and how to place it?
      • 📈How to Place a TP/SL Order ?
      • 🕹️How to trade 1000X ?
    • 🤷FAQs
      • ❔How much leverage will be available on JOJO?
      • ❔Is there a deposit fee or withdraw fee on JOJO?
      • ❔What Happens When a Market Is Delisted
      • 📖How to Set Email
      • 📖What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • 📖How to Swap USDC ?
  • 💵Fees
  • ⚖️Funding Rate
  • 💸Liquidation
  • 🔑API Keys
  • v1 Product guides
    • 🧐Tutorials
      • How to Connect Wallet & login?
      • 💰Deposit ,Transfer & Withdraw
      • 📈How to trade Perpetual?
      • 📈How to Close a Position?
      • 📈What is a Limit Order, and how to place it?
      • 📈How to Place a TP/SL Order ?
      • 👤How to use Sub Account?
      • 📈One-click Trade
      • 🕹️How to trade 1000X ?
      • 💰How to get JOJO airdrops?
      • 💰How to stake JOJO and get veJOJO?
    • 🤷FAQs
      • ❔Will there be more trading pairs in the future?
      • ❔What collateral does JOJO accept?
      • ❔How much leverage will be available on JOJO?
      • ❔What is One-click Trade and How does It Work?
      • ❔Is there a deposit fee or withdraw fee on JOJO?
      • ❔Why Trading on JOJO is Safe?
      • ❔Why do I keep receiving risk warning emails from JOJO?
      • ❔What Happens When a Market Is Delisted
      • 📖How to Set Email Notifications
      • 📖What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • 📖How to Swap USDC ?
    • 🤖Ai Revolution
    • 📖Glossory
    • ✨Trading Pairs
    • 💵Fees
    • 🤑Prices
    • ⚖️Funding Rate
    • 💸Liquidation
    • 🤖Grid Bot
    • 🤩1000X Trading
    • 📪Sub Account
    • 🧑Referral Program
    • 🔰Multi-collateral system
      • Leverage your earning with mUSDC!
    • 🧲Flexible Earn
    • 🔐JOJO airdrops and staking
  • Smart Contract
    • 🎯Contract Addresses
    • 🕵️Bug Bounty & Audit
  • JOJO TOKEN
    • 📊Allocation
    • 🔒Token Economy
  • Arbitrum Alpha Test
    • 🤝Sunset Plan
    • 🎯Contract Addresses
    • ⚗️STIP
    • 🎙️Announcement
      • 🪙JOJO has listed WLD/USDC, AGIX/USDC, AR/USDC, STRK/USDC and 13 new trading pairs!
      • 🧰Notice of Legacy Network Decommissioning
      • 🧰Smart Contract Upgrade Announcement
      • 🔧Maintenance Notice
      • 🔮BIG UPDATE of JOJO's Bizarre Adventure: all points earned x 100!
      • 🪙JOJO has listed MEME/USDC!
      • 🔮JOJO's Bizarre Adventure Event is now alive!
      • 💰New collaterals: ARB!
      • 💰New collaterals: wstETH and GMX!
      • 🪙JOJO has been listed ARB/USDC, SOL/USDC, and LINK/USDC!
      • 🔖Notification of Environment Removal
  • LEGAL
    • Risk Reminder
    • Terms of Use
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  1. v1 Product guides

Glossory

Index of terminology and technical information related to JOJO.

Liquidation price: Because JOJO uses a cross-margin system, all positions share the same margin account. Therefore, once a user holds multiple positions, different markets may affect one another, resulting in the Final Liquidation Price differing from the Initial Liquidation Price.

Mark price: The Mark Price is a mechanism used in perpetual contracts trading on JOJO to ensure fair and accurate pricing of futures contracts. JOJO's mark price comes from Chainlink and Uniswap Oracle and is mainly used to calculate PnL.

Total balance: The total value of all assets in the user's account, calculated in USDC based on the real-time price of Chainlink.

Initial margin: The initial margin determines whether there is enough margin when placing an order at the current position the user wishes to open. As long as the user's account balance exceeds the initial margin, they can open a position on JOJO.

Initial margin ratio: The initial margin ratio is the minimum margin required in a user's account when placing an order. It is calculated as the product of the initial margin ratio and the margin required for the desired order size. The initial margin ratio also determines the maximum leverage allowed, with JOJO currently allowing a maximum leverage of 10X.Please note that the initial margin ratio may change in the future. Please refer to JOJO's announcement for updates.

Max leverage = 1/initial margin ratio 10%

Maintenance margin: Maintenance margin refers to the minimum amount of USDC (or JUSD) necessary to ensure the safety of a user's account when placing orders at the current position. JOJO calculates the maintenance margin as the sum of all a user's position margins for all open positions.

Maintenance margin = ∑(abs(paper Size) * mark price * maintenance Margin Ratio)

Maintenance margin ratio: Generally speaking, the value of the maintenance margin ratio is usually lower than that of the initial margin ratio. Otherwise, users may be liquidated shortly after placing an order.Please note that the maintenance margin ratio may vary across different trading pairs. For more information, please refer to the 'Specification' section at the top right corner of the price chart on the trading page.

Maintenance margin ratio = 6%

Position margin: Position margin used for the order.

Position margin= ∑(abs(paper size) * mark price * initial Margin Ratio)

Paper size: Quantity of tokens in the position

Current price: The real-time price of a certain token from Chainlink.

Liquidation threshold: The maintenance margin ratio is equivalent to the liquidation threshold. They are measured from the perspectives of 'the minimum percentage of maintenance margin to ensure not being liquidated' and 'the percentage of maintenance margin that, if breached, would trigger liquidation.’ They are mainly used to differentiate between them in contract codes.Please note that the liquidation threshold may vary across different trading pairs. For more information, please refer to the 'Specification' section at the top right corner of the price chart on the trading page.

Risk ratio: The value that measures the risk of the account.

Risk ratio = maintenance margin/total balance

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Last updated 1 year ago

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