We fully support this initiative, initial precautions were required and we still need to approach this carefully. But the current condition are indeed too restrictive for users. As rightfully pointed out by @LeonoorsCryptoman a basic trading strategy generally requires both a take profit limit and a stop loss order associated with the position. The current limitation for low collateral accounts (those between $20-$100) doesn’t even allow them to perform such basic risk management. As the community discusses the appropriate new level of these order restrictions, we suggest a minimum of 4 and therefore align perfectly with the current proposition. This value allows users to create at least two positions with the basic risk management we mentioned (the so called “OCO” order type or sometimes referred to “bracket” order comprising one limit and one stop order).
Moreover we need to factor in the huge growth we’ve seen recently in the number of new asset listing in the dYdX platform. This further increase the necessity to lift these barriers in order to allow users to open strategies on multiple assets. For those having a slightly higher collateral balance on their sub-acccounts ($100-$1000), the proposed limit raised to 8 seems reasonable, allowing them to open multiple strategies on different assets with more ease.
Following these principles, we will support this proposition both on and off-chain.
Thanks for reading,
