FAQ
Does NeutronX hold my funds?
Funds sit in your subaccounts in network state. They move only by messages you signed or by protocol rules: fees, funding, liquidation. There is no admin key that could take them.
Where is the order book kept?
In network state, at every validator. The proposer matches orders while building a block; the other validators repeat the matching and reject the block on any mismatch.
What if validators' prices diverge?
The final price is a stake-weighted median. A vote more than 5% from the median is discarded and penalized. If less than 66% of stake voted for a pair, its price is not updated in that block.
Can someone delay my order?
A proposer can leave a transaction out of its own block only: it stays in the mempool, and any following proposer can include it. The order of orders within one price level cannot be bought or engineered, and every validator checks the matching result.
Is there cross-margin?
Yes, within a subaccount: all its positions share one collateral. Different subaccounts are isolated, so risk can be spread across them.
Why did my order not fill right away?
- Execution band. A trade goes through only if its price is within 1% of the oracle price (0.5% for BTC and ETH). An order further away rests in the book and waits.
- Post-only. Such an order that would fill immediately is cancelled.
- Wide order. An opening order more than 20% from the oracle is accepted only as post-only.
Why can't I withdraw?
- Margin in use. Part of the collateral is held as margin for open positions and orders.
- Pause after a bankruptcy. After a subaccount goes bankrupt with a deficit of 0.1 USDC or more, withdrawals across the network are frozen for 50 blocks (error code 58).
- Oracle prices. While one of the positions has no fresh price or its pair is closed by the oracle (a pause or the circuit breaker), withdrawals do not go through.
What is the insurance fund for?
It covers the deficit when a liquidation did not close out the loss. The fund pays before the deficit reaches counterparties and ADL. It is funded by 20% of trading fees, liquidation penalties and voluntary contributions.
Where do I trade?
On exchange.neutronx.com. To hold NTX and stake, use a wallet that supports the Cosmos SDK and lets you add the neutronx-1 network.
How are new markets added?
Only through governance: the pair is added to the oracle, then a MsgAddMarket proposal with the market's parameters goes through a vote.