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The Mog guide

The payout queue

With enough treasury cash, your profit is paid at settlement. The queue applies only when a payout exceeds the cash available. Any funded portion is available as cash; only the remainder waits.

Your remaining cash margin returns to your balance when the position closes. Only unfunded profit waits in the queue.

That unpaid amount is a claim: a record of what Mog still owes you. Incoming trading funds and contributions pay queued claims in order.

If you prefer MOG now to cash later, you can give up (renounce) any part of a claim. You receive MOG at once and no cash.

At zero supply, each 1 USDG you give up earns 72 MOG. The rate falls as supply grows, so it can fall while you wait. It never rises. See MOG for giving up a claim.

The amount you give up leaves the queue at once. Every claim behind yours moves up by that amount.

Choices for an unpaid claim

What do you want to do with it?

Wait

Incoming trading funds pay it in order, as cash.

Give it up

Receive MOG now. It leaves the queue at once, with no cash.

Before you give up a claim:

  • It is final. You cannot undo it, and the claim does not return.
  • One claim at a time. Choose a claim and an amount up to what remains unpaid on it.
  • Main wallet only. A session key cannot give up a claim.
  • Settled claims only. A claim qualifies once its settlement round completes.
  • Payments come first. If a payment reaches the claim first, you keep that cash and give up at most what remains.
  • Not during a venue-wide pause. Give up the claim after the pause ends. The rate changes in the meantime only as supply grows.

MOG’s market value is not promised. See Payout liquidity risks.

The oldest group of claims is paid first. Traders who settle in the same round share that group’s payments proportionally.

Each group also holds the profit fees of its winning trades. A fee is paid with its payout, at the same rate: when half of a payout is paid, half of its fee is paid. A fee never comes ahead of a trader’s claim.

Payments become available as cash as funds arrive. How often you collect them does not change your queue priority. Claims stay with their account. The buyback allocation from treasury growth waits until every claim is paid.

A contribution also pays queued claims first, in the same order.

Payment timing depends on incoming trading funds and contributions. See Payout liquidity risks.