TsunamiX
  • TsunamiX
  • Guides
    • Why TsunamiX?
    • Product Walkthrough
      • Setup Wallet
      • Bridge Funds To TsunamiX
      • Swap
      • Aggregator
      • Price Feeds
    • How does margin trading work?
    • How does being a LP work?
    • NAMI Governance Token
  • TsunamiX V1
    • Trade With Leverage
      • Opening a Position
      • Editing Positions
      • Closing Positions
      • Liquidations
  • TsunamiX V2
    • Trade With Leverage
      • Opening a Position
      • Editing Positions
      • Closing Positions
      • Liquidations
  • Extras
    • V1 FAQs
    • V2 FAQs
    • Long Term Roadmap
    • Future Roadmap
      • Dynamic Liquidity Pricing
    • API Documentation
Powered by GitBook
On this page
  1. Extras

V1 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!

PreviousLiquidationsNextV2 FAQs

Last updated 10 months ago

Q: Has TsunamiX V1 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