Health
The Health feature in BullNow determines the risk level and operability of an account. It consists of the following two aspects:
Maintenance Health: If Maintenance Health < 0, the account can be liquidated.
Initial Health: If Initial Health < 0, the account cannot open new positions.
In particular, your account enters Maintenance Mode when it has no Available Funds remaining, indicating that no further risk can be assumed. The account's only safeguard against liquidation is the maintenance margin buffer. To exit Maintenance Mode, you must reduce risk by closing positions or depositing additional assets.
Weight Parameters
Due to the volatility of funding/collateral tokens, when calculating these two health values, BullNow assigns different weights to different tokens to mitigate token fluctuations, thereby providing users with more efficient capital utilization and risk alerts.
USDC
1
1
1
1
SUI
0.75
1.25
0.925
1.075
vSUI
0.75
1.25
0.925
1.075
wETH
0.8
1.2
0.9
1.1
CETUS
0.6
1.4
0.965
1.035
Spot Health
The funds deposited by users on BullNow can be used to calculate Spot Health, with the formula as follows:
For example, if a user owns assets of 1000 SUI and the price of SUI is $0.6, then their Spot Health is calculated as follows:
Initial Health = 1000 * $0.6 * 0.75 = $450
Maintenance Health = 1000 * $0.6 * 0.925 = $555
Additionally, if the user also owns liability of 400 USDC, then Spot Health is calculated as follows:
Initial Health = 1000* $0.6 * 0.75 - 400 * $1 * 1 = $50
Maintenance Health = 1000 * $0.6 * 0.925 - 400 * $1 * 1= $155
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