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Where can I read up on the exact process of

liquidation? It seems that at a certain level, the pools position get converted to long/shorts?

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gm sir, yes, that's right. If your account leverage is > 16x, then one of your liquidity positions will be closed, converting your impermanent position into a regular position which you'll see in the Trade screen. https://support.perp.com/hc/en-us/articles/6456586794649

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