Creating and Managing Subaccounts

Velocity features a powerful subaccount tool for users to clearly separate positions within a single address.

Each subaccount’s margin and positions are isolated from other subaccounts, meaning that users can trade on isolated margin via different subaccounts.

Each subaccount has independent positions, balances and margins, and can trade independently. Balances or liquidations from each subaccount will not affect other subaccounts. By default, every position and deposit within a single subaccount is cross-margined.

Adding a Subaccount

Here’s how you can add a subaccount:

Go to the account dropdown in the top right of the app.

Click “Add Account”

Confirm

You’ll be asked to name your new subaccount and deposit collateral from your wallet to fund that account. You can also transfer collateral to your new subaccount from an existing one to fund it.

Editing and Deleting a Subaccount

You can edit and delete subaccounts from the accounts screen 

Settle balances

Make sure your account has zero balances. Withdraw all your deposits and settle your positions. This includes open borrows and any unsettled pnl’s.

Delete

Click the trash bin icon on the interface.

Switching Subaccounts

Once you’ve created a new account, you can use the same account switcher to move between them.

Managing Subaccount Assets

You can easily manage your assets via the Accounts button in the Accounts Dropdown  or via

• Deposit additional assets

• Withdraw to your wallet

• Transfer assets between accounts

To see the assets of a single subaccount, use the account switcher in the left navigation to switch to that account.