Hedge book
Every perpcoin is paired to a leveraged tracker of a real market, so the dollars in its pool are margin on that market. This is the account those pairings add up to on Nado — margin, size, entry, mark and liquidation per position, marked live.
Reading the book…
Marked at Nado's oracle price, the price the venue values and liquidates every position at. Entry is the mark when the tracker first carried backing; added backing averages in at the mark it arrived at. Liquidation is where the position's maintenance health on Nado reaches zero at its market's maintenance weight, before funding and fees.
Reading the venue…
Equity is Nado's unweighted health: the USDT0 on the subaccount plus every leg at the oracle price. Entry is the leg's cost basis on the venue (−vQuote ÷ size), which also carries funding and settled PnL, so it drifts from the fill price over time. Liquidation is where the account's maintenance health reaches zero.