TikTok System

A TikTok is 3-day, and LPs can only request withdrawal during the first 2 days of each TikTok.

The daily withdrawal amount shall not exceed 25% of the current collateral to ensure the stability of the liquidity mUSDT Vault.

Vault Collateral Rate

At the end of each TikTok, TikTok system will submit PnL data to mUSDT Vault in a decentralized way. mUSDT Vault will calculate Collateral Rate data.

Collateral Rate = (Deposited USDT + accumulatedPnL + Closed Position PnL and open position PnL in current TikTok) / Deposited USDT

TikTok Time Lock

There is a time lock between the withdrawal request and the completion of the withdrawal, based on the Collateral Rate of mUSDT Vault. Once a withdrawal request is initiated, the withdrawal will be completed after the time lock expires.

Vault Collateral Rate	Time Lock
CR<110%	3 TikTok（9 days）
110%≤CR<120%	2 TikTok（6 days）
CR≥120%	1 TikTok（3 days）