FAQs

Q: What price oracles will you use day 1? A: We are working closely with Pyth to integrate redundant low-latency Pyth price feeds for our Mainnet launch on Mantle.

Q: What are swap trading fees? A: 16bps minimum for swaps helping basket balance, with another variable 64bps for swaps hurting basket balance

Q: What are the perps position fees? A: 10bps to open or close a position

Q: What are the funding rate fees? How are they calculated? A: Calculated as (Borrowed Assets) / (Total Assets In Pool) * 0.01% per hour

Q: How often are funding rates updated? A: As often as people call contract methods that update them, safe to assume at least every 8 hours, but most likely quite soon.

Q: Who earns the fees? A: Fees are split between LPs, Token holders, and keepers

Q: What is the collateral ratio? A: There must be 110% worth of collateral for every 100% worth of debt

Q: What are the trading use cases for TsunamiX? A: Traders looking to swap assets, hedge positions/risk, and speculate on the market

Q: What is the referral system?

A: Users will earn 10% fee rebates and possibly other incentives from TsunamiX for inviting high-volume users to the platform using their unique referral code.

Q: Are you live on mainnet? A: Yes!

Q: Has TsunamiX been audited? A: Yes, code changes since forking have been reviewed by Ottersec and Groom Lake. The audit report can be found here: https://docsend.com/view/wbvucv46k22qxndf