EQO-D tokens can be used as the equivalent of 1 USDC of collateral when trading Perpetuals on EQONEX.
After receiving their EQO-D allocation, to use EQO-D holders must move their maximum allowable tokens in to a sub-account of their choice (however many EQO-D they have, up to 5,000 tokens).
To begin trading perpetuals against EQO-D, customers must ensure cross-collateral functionality is enabled for the chosen sub-account. Customers will be able to allocate to sub-accounts up until 23:59:59 UTC on October 25th, 2021.
It is recommended that EQONEX customers turn on ‘negative balances’ in their sub-account settings to reduce liquidation risk.
If you haven’t created any Sub Accounts yet, refer to How to Create and Manage a Sub Account for detailed guidelines.
Step 1: Click the User Profile icon at the top-right corner of the dashboard. Or, from the Trading screen (/trade), click the burger menu. Now click Account or User Profile.
Step 2: Select the EQO Dollars tab or button.
Your unallocated EQO Dollars are eligible to be allocated as collateral.
Please note: For Institutional accounts, this is only available in an Authorized Person’s account. You may allocate EQO Dollars to only one Exchange Account and use them as cross-collateral.
Step 3: Scroll down to Use EQO Dollars to kickstart your collateral.
If you haven’t already, you may also Create a Sub Account.
Step 4: Confirm the transfer to complete the allocation.
Note: This is a one-time action and cannot be reversed.
You can now begin trading Perpetual against EQO-D.
For further assistance or more information, please contact our Customer Support team via firstname.lastname@example.org or click on the chat widget at the bottom right-hand side of the EQONEX page.