
Evolution of Crypto Custody - with Su Zhu and Hasu
Uncommon Core 2.0
Is There a Difference Between Initial and Variation Margin?
In traditional markets, there is initial margin, and there's variation margin. With the derbot solution, as the trade generates piano, ah, and thus variation margin, meaning money needs to be paid from buyer to seller or vice versa. So in that case, both the buyer and the seller, they would have their, a, coins in coppers solution, which is also asolution where they can recover their own coins. Kind of like anacle, you see the market move, nd then the coins across your account are very low counter-party risk. But if you saw one call coin get overcaterlize quite a lot, right? You don't want to sell on
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