BellgapThe prime broker
Halt and unwind
Past its loss limit a mandate stops, and its positions can be sold so depositors can leave.
Local chain Built and tested on a local chain. Not deployed to a public network, not audited.
How it works
- 01
After each trade the mandate compares its equity with its high-water mark. Past the loss limit, it halts.
- 02
A halted mandate rejects every trade (reason Halted) and its vault takes no deposits.
- 03
Anyone may then sell a position back to USDG through the vault, at the Chainlink price minus the slippage limit. Market checks still apply: no sale on a stale, paused or split price.
- 04
Depositors withdraw the USDG.