Deposits
Anyone can deposit USDT for TLP. The USDT is not exchanged immediately; it goes through a queue so that shares are always minted at a current, fully marked equity per share.
- 1Queue. USDT moves from your trading balance into the deposit queue, first in, first out. It cannot be withdrawn from the queue, and while it waits it has no shares and no exposure to the pool.
- 2Liquidation sweep. Before deposits are processed, every position facing the Vault is checked: positions past their liquidation price are liquidated under the normal rules, and the rest are re-marked at the latest signed prices.
- 3Pricing. Shares are minted at the post-sweep equity per share, never below the floor price. The sweep can only lower equity per share, never raise it, so you buy at the truer value.
- 4Processing. The admin address processes the queue in order, carrying fresh signed prices for every market with open positions. While winners are queued, processed USDT repays the settlement queue first, like new losses.
A deposit at equity per share does not change the value of existing TLP. The Vault LP page shows your queued deposits and their place in line.
External cap
Deposited capital is capped at 20% of the Vault: the current value of all external deposits combined cannot exceed 20% of total equity. The Vault's growth and its ability to pay winners both come from trading volume, so capital beyond what volume supports would only dilute equity per share growth without reducing risk.
Example: a 100 USDT pool built entirely from losses can take at most 25 USDT of deposits in total. After A deposits 10 and B deposits 8, C can deposit at most 7.
The room is checked on submission, without counting deposits still in the queue, and again on processing; any excess is refunded to your trading balance. The app shows the remaining room. The contract tracks each address's deposit shares, which move with the TLP when it is transferred and leave the total when it is redeemed.
Deposits
Anyone can deposit USDT for TLP. The USDT is not exchanged immediately; it goes through a queue so that shares are always minted at a current, fully marked equity per share.
- 1Queue. USDT moves from your trading balance into the deposit queue, first in, first out. It cannot be withdrawn from the queue, and while it waits it has no shares and no exposure to the pool.
- 2Liquidation sweep. Before deposits are processed, every position facing the Vault is checked: positions past their liquidation price are liquidated under the normal rules, and the rest are re-marked at the latest signed prices.
- 3Pricing. Shares are minted at the post-sweep equity per share, never below the floor price. The sweep can only lower equity per share, never raise it, so you buy at the truer value.
- 4Processing. The admin address processes the queue in order, carrying fresh signed prices for every market with open positions. While winners are queued, processed USDT repays the settlement queue first, like new losses.
A deposit at equity per share does not change the value of existing TLP. The Vault LP page shows your queued deposits and their place in line.
External cap
Deposited capital is capped at 20% of the Vault: the current value of all external deposits combined cannot exceed 20% of total equity. The Vault's growth and its ability to pay winners both come from trading volume, so capital beyond what volume supports would only dilute equity per share growth without reducing risk.
Example: a 100 USDT pool built entirely from losses can take at most 25 USDT of deposits in total. After A deposits 10 and B deposits 8, C can deposit at most 7.
The room is checked on submission, without counting deposits still in the queue, and again on processing; any excess is refunded to your trading balance. The app shows the remaining room. The contract tracks each address's deposit shares, which move with the TLP when it is transferred and leave the total when it is redeemed.