๐Glossary
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.
Last updated
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.
Last updated
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
Kรฝ Quแปน
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