Block Conditions

Deposits

  • User attempting to deposit when the max_deposits for that spot asset would be or has been reached.

  • Spot market is in reduce-only mode and the deposit does not pay off a borrow.

Withdraws

  • User attempting to withdraw with outstanding liabilities when an oracle is invalid.

  • Attempting to borrow or withdraw when there are outstanding liabilities and any asset or liability's Oracle the user has is deemed invalid ("invalid" in accordance with MarginCalc action).

  • User attempting to increase the number of liabilities above 1 with an isolated-tier liability.

    • Users can only have one outstanding liability when the liability has the isolated asset tier.

  • Users cannot withdraw assets that would put their total collateral (weighted collateral value) below their initial margin requirement.

  • Users cannot withdraw an asset amount that would put that particular asset's protocol liquidity below the rolling limits.

    • These limits differ based on whether the withdraw would open a borrow or not.

Placing Orders

  • Users cannot place orders that are risk-increasing and would put their initial margin requirement above their total collateral.

  • Users cannot place orders that would increase their number of outstanding liabilities above 1 if the liability has the isolated asset tier.

  • Spot-only rules:

    • Without margin trading enabled on an account, users won't be able to open spot orders that would create borrows on the account.

    • With margin trading enabled, users won't be able to borrow using the same rolling limits applied for withdraws.

Filling Orders

  • A user's orders will not fill if filling them would send the account below the margin requirement plus buffer (resulting in InsufficientCollateral).

    • Within a match, if either user hits this condition, the match will not go through.

Settle Perp PnL

Settle perp PnL is blocked when any of the following apply:

  • The market's oracle is deemed invalid.

  • The user's account value is below the maintenance margin requirement.

  • The AMM repeg cost exceeds budget.