The Venue
Classic Mode
Cross-margined perps up to 50x with liquidations on, for those who prefer the old ways.
Status
Pre-launch — Moorix is not live yet. Parameters are illustrative and tunable at launch.
The old ways, same harbor
Classic Mode is a classic cross-margined perp: up to 50x with liquidations on, and the cheapest carry on the venue.
- Same order book as Defined-Risk
- Same vault
- Same account
Leverage and oracle class
Maximum leverage also depends on the market's oracle class. Up to 50x applies to Class A markets. Class D markets are defined-risk only, so Classic Mode isn't available there.
Change your mind mid-trade
You can cross over between modes mid-trade, including from Classic to Defined-Risk. See Switching modes.
Still no ADL
Even in Classic Mode, winners are never auto-deleveraged. See No ADL.