Thread by @2xnmore

$Vela exchange addresses the issue of individuals having their funds compromised on centralized exchanges (CEXs).

#Vela also has some of the industries best front running protection, and positions management tools.

Here's how @vela_exchange stands out from the rest 🧵.

At $Vela Exchange, the security of traders' positions is of utmost importance.

To prevent front-running, the team has implemented a timer function that starts whenever a new position is opened or an existing position is increased in size.

By default, the timer is set to one hour, and profitable positions can't be closed.

Until the timer expires or the asset price changes by at least +2% for longs or -2% for shorts.

To avoid further losses, any positions at or near the liquidation price are automatically closed.

In case of a margin call, which occurs when the remaining balance in your account is insufficient to support open positions.

You can either deposit more funds or reduce your position size.

It is worth noting that there may be fees associated with opening and holding positions.

Financing costs may apply for leveraged positions held overnight.

Before making any investment decisions, it is crucial to understand these concepts and the risks involved in trading.

For those who are new to margin trading or have limited knowledge of financial markets, seeking professional advice is highly recommended.

Moreover, any positions at a loss will automatically close if the price changes by -30%.

The $Vela platform has a "Margin Call" feature that closes all positions if the equity falls below the maintenance margin requirement.

This feature is in place to prevent the account from becoming negative and incurring further losses.

That's all folks

If you enjoyed this thread:

1. Follow me @2xnmore for more of these

2. Also follow @vela_exchange and Like +RT the thread, thanks.

$VELA // #VELA