ONUS Booster is a solution that allows you to deposit your digital assets by using them as collateral to receive VNDC with a limit ranging from 50% to 80%. For example, when you deposit BTC, you can receive an amount of VNDC equivalent to 80% of the deposited BTC value.
This tool enables users to maximize their capital efficiency. Instead of selling your current assets and potentially missing out on future growth opportunities, you can open a position with ONUS Booster, use your assets as collateral, and receive the funds needed for reinvestment.
Guide to Open a Position
1. Go to the Trade section and select Booster.
2. Select the deposit asset.
3. Enter the amount. The system will automatically calculate the deposit amount and liquidation price. Click Open position.
4. Review the information and select Confirm to finalize opening the position.
Guide to Close a Postion
1. Access the Booster feature. Select the position you want to close and click Close position.
2. Enter the amount and click Confirm to close a position.
Guidelines for Using ONUS Booster
ONUS Booster Fee
- The system will automatically calculate a daily usage fee of 0.067% and add it to the total position value.
- If you close a partial position, the daily fee will be adjusted based on the remaining position value.
Liquidation
- When the RTT ratio (RTT = Deposited assets value/ Total position value) reaches the specified threshold, the system will automatically convert the collateral assets into VNDC and liquidate the position. Users can monitor their RTT directly on the app as soon as the position is opened.
- Upon opening a position, the system will automatically calculate and display the minimum collateral requirement. However, users can provide more than the minimum collateral to lower the liquidation price, thereby reducing the risk of liquidation during unfavorable market conditions.
- When a position approaches the liquidation threshold, ONUS will issue a Margin Call via email and app notifications. To avoid liquidation, users can close a partial postion/total postion or add collateral.
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ONUS will charge a liquidation fee of 2% on the total liquidated position value in the Booster feature.