Correctly dealing with parties not meeting margin requirement is derivatives exchange 101. Closing long is not a great design choice. If a party cannot be closed-out immediately because of insufficient volume there are three reasonable design choices: 1/n

dYdX *could* socialise losses among profitable traders without "deleveraging" (closing positions) though — this is what @vegaprotocol does. It is one thing to take a haircut on your gains, quite another to become exposed because the system closed your hedge.

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Hi all, listen, there is some important news that you should know of. Regretfully, Southxchange has decided to close it's operations by the end of this month. That means that Southxchange, currently the only exchange for $KFX, will close! If you have any crypto coins on Southxchange, you need to withdraw them before January 15. Here is the official announcement from SX: https://southxchange.gorgias.help/en-US/important-update-regarding-southxchange-383212 On short term it's quite annoying, because you won't be able to trade KFX anymore, but rest assured that the team will make a plan to overcome this. Our focuss will likely be less on centralized exchanges (a lot of them will close down I expect) but more on decentralized platforms and dApps where you will be able to trade and swap (and stake?) both wKFX and KFX. For now, make sure you withdraw al your funds from SouthXchange. Good luck and stay tuned for more information.

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