The Loss Cover Voucher is a reward designed to help offset potential losses incurred during bot trading. Traders can claim this voucher from the Rewards Hub and apply it to various trading bots, such as Spot Grid bot, and DCA bot.

 

The system prioritizes vouchers based on their expiration dates and can only be utilized when the trading bot is settled in USDT or USDC. It's crucial to understand that the Loss Cover Voucher covers losses only when the bot is terminated. Traders must have their funds to run the bot initially, as the voucher merely serves as a safety net for covering losses upon the bot's termination.

 

Example

Let's consider Trader A who has invested 500 USDT and holds a 10 USDT Loss Cover Voucher. If the losses upon termination amount to 5 USDT, Trader A will get back 495 USDT. However, by using the Loss Cover Voucher, the final amount they will receive would be 500 USDT (495 USDT of their own funds + 5 USDT Loss reimbursement) in their Funding Account.

 

Do note that there might be minor differences between the loss reimbursement and your actual loss due to decimal places truncation.

 

 

Here’s a step-by-step guide on how to use a Loss Cover Voucher on Trading Bot.

 

Step 1: Claim Your Voucher

a) Tap on My Rewards on the profile page to enter the Rewards Hub page.

 

 

 

 

b) Tap on My Total Rewards to enter the My Rewards page, then click on Claim.

 

 

 

 

 

 

Step 2: Successful Claim

Once you have successfully claimed your voucher, you can click on View Details to review the details. If you wish to use it immediately, click on Use. This will redirect you to the Trading Bot page where you can create a bot.

 

 

Note: The applicability of the Loss Cover Voucher may vary depending on the type of trading bot. Please check the reward details for specifics.

 

 

 

 

 

Step 3: Create a Trading Bot

During the bot creation process, you'll be able to see the amount of your Loss Cover Voucher. Do note that the voucher only comes into effect upon the termination of the bot. Therefore, you will still need sufficient funds to operate your bot initially.

 

 

 

 

 

 

Step 4: Terminating Your Bot

When you terminate your bot, the system will automatically use any available voucher to cover your losses. However, ensure that the coin type for bot settlement matches the voucher's designated coin type to utilize the Loss Cover Voucher.

 

 

You can view the reimbursement amount credited back to your Funding Account from All Trading Bots → Completed.

 

 

When you create a bot next time, you'll be able to see the remaining amount of your Loss Cover Voucher.

 

 

Notes:

— Multiple Loss Cover Vouchers (Bot) can be utilized concurrently, with the voucher expiring the soonest being applied first.

— Each Loss Cover Voucher (Bot) is eligible for multiple uses.