What is Multi-Asset Collateral?

Multi-asset collateral enables you to use cryptocurrency assets as margin collateral for futures trading, giving you more flexibility. This reduces risk during volatile markets, and makes it so users don't have to constantly convert assets into different currencies for margin.

Crypto Asset Margin Calculation Logic

ZMO calculates the USDT margin value of your cryptocurrencies based on average spot prices from major exchanges, adjusted for market liquidity and risk.

• Average spot prices are updated frequently, so you may see your margin balance change rapidly.

• Collateral Ratios (Haircut), which can reduce the USDT conversion value by 0% - 50%, can vary with market volatility. For details, please refer to the ZMO trading rules page.

When you have multiple types of assets in your futures wallet:

• The Realized Loss of the position will be deducted according to factors such as the assets' liquidity, risk and other reasons. Typically, deductions are first made in USDT.

• The Realized P&L will be calculated based on the settlement currency you choose, with USDT being the default.

• If you choose USDT as your settlement currency, your P&L will be settled in USDT

• When you choose other tokens: P&L amount = USDT Value of Realized PnL / [Average Spot Liquidity Mid Price × (1 + Haircut%)]
  Example: 1,000 USDT P&L, BTC settlement, mid price $40,000 → 1000 / [40000 × 1.01] = 0.02475248 BTC

How to Use Multi-Asset Collateral

To use multi-asset collateral, transfer assets from your Spot wallet to the Futures wallet by clicking the 'Transfer' button on the wallet page. After you’re done, these assets can be used as margin for futures trades.