For a better experience, Profit Sharing services have two different accounts within the service! This article will explain what they are and how to use them correctly!
In this article
Trading Funds Account
The Trading Funds is the trading account where the service strategy is applied. This means that the funds from all investors will be available here so you can operate with them.
Key Information
The API Keys generated to manage the service are linked to this account.
The margin is isolated from the stand-by account, so in case of liquidation, it won't affect the funds.
Zignaly will not initiate automatic withdrawals from this account, as doing so may impact the strategy. Only the Fund Manager has the authority to make transfers.
Standby Account
This account is the point of entry and exit for the Profit Sharing service's funds.
Key Information
Every time an investor requests a withdrawal, the "Needed for the daily snapshot" value will increase. Make sure to review this value frequently, even daily. Not releasing funds will affect your Z-score and discomfort investors.
If the value of "Available for withdrawals" is equal to or greater than the value of "Needed for daily snapshot" all pending withdrawals will be completed.
◾️ Example A
Available for withdrawals: 100 USDT
Needed for daily snapshot: 85 USDT
100 is enough to cover for the 85 USDT the investors are requesting to withdraw from your service.
◾️ Example B
If it is smaller, some withdrawal funds will be pending for the next PSDS.
Available for withdrawals: 85 USDT
Needed for daily snapshot: 100 USDT
There will be 15 USDT pending for the next day's accounting.
"Available for withdrawals" are the funds available in the Standby account. There are only two ways to increase funds here:
→ Increase funds through new investments. When a user invests in a service for the first time or when he increases his current investment.
→ The Fund Manager transfers from the Trading Fund to the Standby Account.
The "Minimum balance" option automatically reduces the available balance of the Standby account after a PSDS. It transfers all the funds above the minimum to the Trading Fund account.
The Fund Manager is the only one who can transfer between the accounts in both directions.
Next, let's learn how to manage withdrawals within your service 😎