Margining
How margin, collateral, and risk management work on Hypercall.
Overview
Mainnet Alpha uses Standard Margin for general users. Portfolio Margin is disabled for now and remains documented for the planned writer and cross-margin workflow.
Key principle: margin = worst_loss + cash ≥ 0
Guides
Core Concepts
- Standard Margin - Current Mainnet Alpha margin mode
- Portfolio Margin - Planned portfolio-level margining mechanics. Disabled for now.
- Margin Floor - Minimum margin requirements
Risk Events
- Settlement - Options expiry and cash settlement
Quick Reference
| Concept | Description |
|---|---|
| Initial Margin | Required to open a position |
| Maintenance Margin | Required to keep a position open |
| Worst-case Loss | Maximum loss across all stress scenarios |
| Liquidation | Forced position closure when margin insufficient |
See Also
- Introduction - Platform overview and architecture
- Fees - Trading fee rates and how they interact with margin
- Contracts - On-chain settlement and account management
- Margining Basics (course) - Beginner-friendly explanation of margin concepts