Since our margin trade launch in March 2019, the platform has generated over $8M in trade volume, generated profits of ~$500k+ for traders and earned premium of ~$200k for lenders.

While we are overwhelmed by this amazing response, we have been listening to all the feedback, pain points and concerns that our users have posed. After collating all of them and working on them for the past 3 months, we have now released a margin trading platform that understands the needs of new margin traders and provides them with just the required information.

So, What’s New?

1. Higher trade amount allowed per trade

We have increased the maximum amount allowed per trade by ~1.5x for WBTC, USDC, DAI and ETH. Do check out the latest maximum allowed amounts here.

2. Entry price & Auto Liquidation price

We understand that margin traders need to know the price at which his trade will get auto-liquidated by the system i.e. the Liquidation Price. At Nuo, one can set a stop loss between 40% and 80% of collateral. Along with protecting the collateral, the margin trader will now be able to view the Liquidation Price at the point of trade creation itself.

3. Select your own profit token

The margin trader can now choose the currency in which he wants the profits to made in that trade in. Please note if the user changes this from the token selected by default, it might encounter an additional slippage at the time of liquidation.

4. In-depth analysis of past performance of your trade

Margin traders will now be able to analyse trades in the most unique way. At the time of placing the trade, traders will now be able to view how their trades would have performed had they placed the trade at any time in the past 3 months. They can also experiment further by changing any of the parameters like stoploss, take profit or trade duration and check how their trade would have performed differently.