📄Glossary

Glossary of terms used in DVX.

To ensure clarity and organization in the terminology related to DVX, let’s categorize and define key terms:

  1. Account Value

    The total funds in your DVX Account, combining your withdrawable balance, funds allocated to open positions, and Unrealized PnL.

    Account Value= Withdrawable + In Use (All open positions) + Unrealized PnL

  2. Account Balance

    • Account Balance includes funds you can withdraw and funds used in open trades. 'Withdrawable' means the funds you can use or take out.

      Account Balance= Witdrawable + In Use(All open positions)

  3. Margin Usage

    • The percentage of your total account's margin currently in use.

      Margin Usage=(Account Value - Initial Margin)/ Account Value

    • A 0% margin usage indicates that there are no open positions, while 100% means all your collateral is in use for trading.

  4. Withdrawable "Withdrawable" represents the amount currently available for withdrawal from your DVX Account.

  5. In Use "In Use" refers to total amount of positions you have currently opened with your DVX Account.

  6. Account Leverage

    Account Leverage is the total value of your open positions to the actual equity in your account. It indicates how much your trading power is boosted by using borrowed money.

  7. Index Price

  • DVX's Index Price is derived from the Binance USDT Market. Liquidation and spreads rely on the individual Perp DEX's index price and policies, which might vary from the actual execution or liquidation price.

  1. Collateral

  • Initial amount of collateral required to open the desired position, after deducting position fees used to open the position.

  1. Average Open

  • The average opening price of positions. Due to varying price policies across each Perp DEX, occasional price gaps in token conversion may occur.

  1. Entry Price The initial price at which you open your position.

  2. Spread

    Spread is the difference between the ask price and index price, as well as between the bid price and index price. The ‘Spread’ varies according to the policies of the Perp DEX providing the liquidity.

  3. Liq. Price

    The liquidation price is the specific price level at which a trader's position is automatically closed to prevent further losses. It ensures that the collateral deposited is sufficient to cover the trade's potential losses. The 'Liq. Price' varies according to the policies of the Perp DEX providing the liquidity.

  4. Slippage Tolerance

    Slippage tolerance sets the acceptable price variance for trades; too low may lead to rejections in volatile markets, while too high could result in execution far from the expected price.

  5. Liquidity Sources

    DVX aggregator automatically routes your orders to optimal liquidity providers, aligning with your preferences.

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