📚Glossary

Description of glossaries used in Nami Insurance

As the first product on the market that aims to protect users, we need to pay attention to some new glossary.

Term	Description
P-Market	The current market price of the trading pair. Prices are shown with real-time data
P-Claim	Activation price for insurance payback. When hitting P-Claim, the system activates the insurance payment
P-Expire	Insurance liquidation price depends on P-Claim and Period When hitting P-Expire, the contract is liquidated immediately
P-Refund	The price belongs to the set of conditions for a margin refund. When the P-Market is between the P-Refund and the P-Claim at the expiration time, the user's margin is refunded
P-Close	Contract closing price. Be determined at the time the contract changes from being valid to another status
P-Open	Contract opening price Be determined when the contract is successfully margined
P-Active	Conditional contract activation price
Insurance Plan	Choose an insurance plan that suits the insured value of your assets The unit is either USDT or VNST
Q-Claim	Amount of insurance payment including margin amount Q-Claim is automatically transferred to the user's wallet after hitting P-Claim
R-Claim	Quantity of cover payout when the market price hits P-Claim
Q-Refund	Refund amount Q-Refund is automatically transferred to the user's wallet when the refund conditions are met and the refund is made early
Ký Quỹ	The amount that the user spends to open the insurance contract
Period	Period of the insurance contract
T- Start	Successful contract activation time
T-Expire	Contract expiration time
Bull	Supporting when the market rises
Bear	Supporting when the market falls