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Move one price, revalue every book it touches, and test each account against its maintenance requirement.Note 16
| Shock | NEAR price | Liquidated | Equity that goes | Share of measured |
|---|---|---|---|---|
| As NEAR rises | ||||
| 50% | 2.9115 | 0 | — | — |
| 40% | 2.7174 | 0 | — | — |
| 30% | 2.5233 | 0 | — | — |
| 20% | 2.3292 | 0 | — | — |
| 15% | 2.2322 | 0 | — | — |
| 10% | 2.1351 | 0 | — | — |
| 5% | 2.0381 | 0 | ||
Only the named instrument moves. A market-wide fall takes the correlated book with it, so these are a floor on the damage rather than an estimate of it.
The same computation is at GET /api/v1/stress, where ?scale=sigma places the rungs by how far out they are rather than at round numbers. The API also has the cascade — what the forced selling from these liquidations does to everyone else.
| — |
| — |
| now | 1.941 spot | 0 | — | — |
| As NEAR falls | ||||
| -5% | 1.844 | 0 | — | — |
| -10% | 1.7469 | 0 | — | — |
| -15% | 1.6499 | 0 | — | — |
| -20% | 1.5528 | 0 | — | — |
| -30% | 1.3587 | 0 | — | — |
| -40% | 1.1646 | 0 | — | — |
| -50% | 0.9705 | 1 | $370.9k | 0.7% |