Trading puts your active collateral at risk. Payout funding, oracle prices, software, governance, and account security also affect your funds.
Leverage and execution
Section titled “Leverage and execution”At 100×–1,000× entry leverage, the initial liquidation distance is about 1%–0.1%, before rounding. A small price move can consume all active collateral.
Orders and closes use later oracle prices. Touches of the liquidation or payout price settle before margin activations and manual closes. Added margin increases the amount at risk; its protection begins at activation.
Payout liquidity
Section titled “Payout liquidity”With enough treasury cash, profit is paid at settlement. If a payout exceeds available cash, the unfunded portion enters the queue as an unpaid claim. Its payment depends on future cash flow and can be delayed indefinitely.
Using an unpaid claim as collateral gives up that amount’s queue priority at fill. Remaining claim collateral returns as a new claim, with any unpaid amount at the back, including after a win.
Oracles and infrastructure
Section titled “Oracles and infrastructure”Mog relies on accurate source prices, verified oracle updates, and correct settlement. Incorrect or manipulated updates can cause losses. Network congestion, outages, and delayed updates can extend exposure and delay actions.
Positions remain exposed during interruptions. Recorded barrier touches can close them when processing resumes. Smart-contract or integration defects can also put funds at risk.
Governance
Section titled “Governance”The launch governance delay is 48 hours. Governance can change allowed settings and replace protocol modules through the timelock. Emergency pauses can stop new orders and margin requests sooner; accepted actions continue under their settlement rules.
The protocol has authority to mint MOG. A malicious upgrade could break its emission rules.
Where are your funds?
Withdraw with your main wallet.
Wait for settlement, refund, or claim payment.
Funds in positions, pending orders or margin additions, and unpaid claims can remain committed beyond the governance delay.
Wallets and sessions
Section titled “Wallets and sessions”A compromised main wallet can control the account and withdraw cash. A compromised session can put funds at risk through trading and margin additions. Revoke affected sessions and review pending actions.
USDG and MOG
Section titled “USDG and MOG”USDG depends on its issuer, network, and availability. Test deployments use test assets.
MOG’s price and liquidity depend on market conditions. Rewards can be worth less than the realized trading loss. Buybacks depend on the operator, available funding, and market liquidity.