MultiplierX Vaults
Last updated
Last updated
Introducing MultiplierX, the latest addition to SuperBots' suite of trading tools, designed to enhance your trading experience with perpetual futures. This innovative DeFi vault is developed in partnership with ApolloX, offering users the ability to engage in long and short positions with leverage, maximising trading opportunities and potential revenue.
Perpetual Futures Trading
MultiplierX algorithmically trades futures, allowing traders to take advantage of both upward and downward market movements. With the ability to leverage trades, users can amplify their positions, making it a versatile tool for users seeking to boost their returns.
Partnership with ApolloX
Through our collaboration with ApolloX, we ensure that MultiplierX is equipped with cutting-edge technology and an excellent market place, providing users with a robust and reliable trading experience.
Safety and Security
Safety is paramount at SuperBots. MultiplierX has gone through an extremely rigorous and thorough audit process to maintain high-security standards, ensuring that user deposits are always protected by being held in secure Smart Contracts.
Trading Mechanics
MultiplierX functions similarly to spot trading with SuperBots, with a few key differences. Most notably in withdrawal mechanics. When a position is open, withdrawals are not possible. As MultiplierX is a perpetual vault, it means the algo is always in an open state: either long or short.
As a consequence should you wish to withdraw funds from the vault, you must first "un-stake" the desired amount. However, the capital will remain in the vault until the trade is closed. As soon as the direction of the algo changes (i.e. from long to short), the un-staked amount becomes available for withdrawal.
To illustrate how withdrawals work with MultiplierX, consider the following scenario:
1. Deposit: You deposit $1,000 on December 1st.
2. Trade Initiation: A trade opens on December 2nd.
3. Un-staking Request: On December 3rd, you decide to withdraw $300. You "un-stake" this amount, but it remains in the vault.
4. Trade Closure and Reopening: On December 4th, the long trade closes and a short trade opens. The system closes the original $1,000 trade and initiates a new trade with $700, excluding the $300 you requested to un-stake.
5. Withdrawal Availability: On December 4th or later, you can access SuperBots to see the un-staked amount and proceed with the withdrawal. Please note: this is a feature limitation of our perpetuals partner ApolloX
Another key difference is in the application of leverage. Leverage is a great multiplier of gains on trades; however, this can be a double-edged sword for the inexperienced. Luckily our algos track hundreds of data points, never sleep and have safeties against liquidation built in, so the possibility of this is much lower than with a human trader.
In this case if the market moves too quickly in the direction opposite to that in which the algo has an open trade, it can result in the position being closed in liquidation.
Leverage on the SuperBots vaults is low at just 2x or 3x depending on the vault so this further reduces liquidation risk.
However it is important to note that there remains a non-zero risk of liquidation.
With this in mind, please use MultiplierX with caution and good judgement.
With MultiplierX, you have the flexibility to manage your trading strategies effectively while maintaining control over your capital. Whether you are an experienced trader or new to the concept of perpetual futures, MultiplierX offers a secure and efficient platform to diversify and enhance your portfolio.
