A winning close returns your collateral and settles your profit after fees. A losing close deducts the loss from your collateral and returns the rest.
A winning position
Section titled “A winning position”When the treasury covers your payout, net profit is available as cash at settlement. Your remaining cash margin returns to your balance.
Is the payout fully funded?
Profit is available as cash.
Cash pays first; only the rest queues.
Reaching the payout price settles the full cap before fees. Closing earlier uses the close curve.
A losing position
Section titled “A losing position”The loss comes out of the position’s margin. Your remaining cash margin returns to your balance. Liquidation uses all active margin, including added margin that has activated.
Realized losses earn MOG rewards.
If you traded with a queued payout
Section titled “If you traded with a queued payout”Losses use claim collateral first, then cash. Remaining claim collateral becomes a new payout: available cash pays it, and any unfunded amount joins the back of the queue.