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.
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| The current market price of the trading pair. Prices are shown with real-time data
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| Activation price for insurance payback. When hitting P-Claim, the system activates the insurance payment
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| Insurance liquidation price depends on P-Claim and Period When hitting P-Expire, the contract is liquidated immediately
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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
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| Be determined at the time the contract changes from being valid to another status
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| Be determined when the contract is successfully margined
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| Conditional contract activation price
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| Choose an insurance plan that suits the insured value of your assets The unit is either USDT or VNST
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| Amount of insurance payment including margin amount Q-Claim is automatically transferred to the user's wallet after hitting P-Claim
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| Quantity of cover payout when the market price hits P-Claim
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| Q-Refund is automatically transferred to the user's wallet when the refund conditions are met and the refund is made early
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| The amount that the user spends to open the insurance contract
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| Period of the insurance contract
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| Successful contract activation time
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| Supporting when the market rises
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| Supporting when the market falls
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