Dear Nami community,
In order to provide a more diverse, convenient, and time-saving insurance purchasing experience for users, Nami Insurance is updating the Spreadsheet feature starting from 2024-10-16 08:00 (UTC).
The Nami Insurance Calculator will be updated with 2 new modes to meet users' needs, namely the Hedging mode and Optimal Profit mode. To access the calculator, users can click on the "calculator icon" on the Buy Cover interface.
In the Calculator interface, the system will default to the asset pair matching the current asset pair on the Buy Cover. Users can choose a different asset pair to calculate insurance contracts as desired.
Illustration on the Nami Exchange application
Illustration on the Nami Insurance website
Detailed information about the new modes on the calculator:
1.Hedging mod
The system will automatically suggest parameters for the insurance contract to provide information about the coverage part for the Futures position when the price hits the stop loss or the position is liquidated.
Insurance contract opens based on the hedging mode will be inversely related to the position.
How to use:
Step 1: Enter information about the Futures position
Users will enter information about the Futures position into the calculator, including:
- Position side (Long/Short)
- Volume
- Leverage
- Open price
- Stop loss price
After that, users click "Calculate" and the system will provide "Position result" when the position hits the Stop loss price:
- Margin
- Quantity
- PnL
- ROI
Illustration on the Nami Exchange application
Illustration on the Nami Insurance website
Step 2: Enter information about the Insurance contract
After entering information about the Futures position, users press the down arrow icon to continue entering information about the insurance contract. The system will automatically fill in information about the Period, Open price, and Stop loss price based on the position information.
Users can use the margin information above to enter insurance contract margin information, then continue choose "Calculate" for the system to provide results when using Insurance to cover the loss for the position. The system will provide information:
- Q-Claim
- R-Claim
- P-Expire
- PnL after hedging
- ROI after hedging
Note: Users can customize all information in the insurance contract section on the calculator to calculate and find the optimal parameters for the insurance contract.
Illustration on the Nami Exchange application
Illustration on the Nami Insurance website
2. Optimal profit mode:
The Optimal profit calculation mode allows users to calculate how much more profit they will receive by opening an additional contract along with the position compared to just trading the position.
Contracts opened based on the optimal profit mode will be aligned with the position.
How to use:
Step 1: Enter information about the Futures position
Users will enter information about the Futures position into the calculator, including:
- Position side (Long/Short)
- Volume
- Leverage
- Open price
- Take profit price
After that, users click Calculate and the system will provide "Position result" when the position hits the Take profit price:
- Margin
- Quantity
- PnL
- ROI
Illustration on the Nami Exchange application
Illustration on the Nami Insurance website
Step 2: Enter information about the Insurance contract
After entering information about the Futures position, users press the down arrow icon to continue entering information about the insurance contract. The system will automatically fill in information about the Period, Open price, and Take profit price based on the position information.
Users can use the margin information above to enter insurance contract margin information, then continue choose "Calculate" for the system to provide results when using Insurance. The system will provide information:
- Q-Claim
- R-Claim
- P-Expire
- PnL after hedging
- ROI after hedging
Illustration on the Nami Exchange application
Illustration on the Nami Insurance website
(All images used in the article are for illustration purposes only and may not represent the latest product interface.)
Best Regards,
Risk Warning: Trading digital assets carries a high level of risk for both significant profits and losses. All your margin balance may be liquidated in the event of drastic price fluctuations. The purchase of Nami Insurance does not mean that it will completely eliminate the risk in trading digital assets. The information contained herein should not be construed as financial advice from Nami Insurance. Use any trading strategy at your own risk. Nami Insurance will not be liable for any loss arising from insurance policies and digital asset trading activities.
About Nami Exchange
Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 1,000 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.
___
Download Nami Exchange at:
Or website: https://nami.exchange/
Nami’s community:
- Telegram Vietnam group: https://t.me/CongdongNamiVietnam
- Telegram International group: https://t.me/NamiGlobalGroup
- Website: https://nami.exchange/
- Twitter: https://twitter.com/NamiExchange
About Nami Insurance
Hedging Protocol shielding Futures/Spot traders from liquidation risks across CEXs and DEXs.
- Website: Namiinsurance.io
- Whitepaper: Nami Insurance
- Facebook Community: Nami Insurance Community
- Telegram: Nami Insurance Vietnam
- Twitter: @Nami_insurance