List of formulas at stake when interacting with app.angle.money
This is the value of the vault debt compared to that of the collateral.
This is an indication of the health of the vault. Below 1, vaults can get liquidated.
The margin displayed on your position is computed net of opening fees, i.e.
In Angle, leverage is computed as:
- Margin: 10,000 DAI
- Position size: 100,000 DAI
The Cash-out amount represents the amount you should receive in your wallet after closing the perpetual:
The PnL displayed on the app represents the gain or loss you would make if closing the position. It is computed net of fees.
- DAI: 0.625%
- USDC: 0.625%
- FRAX: 0.625%
- ETH: 6.25%
Margin Ratio Formula In Angle, the margin ratio is computed as:
The Staking page of the app lists all the opportunities for agEUR holders. It also contains the logic linked to Standard Liquidity providers of the protocol.
Users may face a slippage when they exit from their SLP position and sell their sanTokens. It depends on specific parameters for the collateral of interest and on the collateral ratio of the stablecoin in the Core module. This is put in place to incentivize them to stay in the protocol while it gets re-collateralized.
When the protocol gets close to be under-collateralized, it progressively keeps a bigger portion of the fees usually going to SLPs to grow the suplus and be able to pay back stable holders. Note that this doesn't impact the initial deposits of SLPs nor the fees earned up until the start of the slippage fee.