DocsThe exchange

Trading and accounts

A prefunded USDC account supports scoped trading access while withdrawal authorization remains separate.

Funding an account#

Funding converts a supported source asset into USDC at the exchange's approved custody destination. The account receives margin credit after the correct asset has settled. Funding routes sit outside the order-execution path, so a trader doesn't bridge assets between submitting an order and receiving a fill.

NEAR Intents has a funding role in the design. It doesn't make SubLiquid's positions private. Supported routes and destinations depend on the integration delivered for launch.

Account permissions#

Scoped session keys authorize trading without requiring a wallet prompt on every order. Permissions bind the account, deployment, allowed actions and expiry. A trading key can't withdraw collateral, replace its owner or acquire treasury privileges.

Orders and position management#

The trading specification includes market and limit orders, partial and reduce-only closes, cancellation, collateral adjustments, and stop-loss/take-profit instructions. Market orders respect a price limit and available liquidity; limit orders execute only within their stated conditions.

Each accepted fill records price, size, fees and sequence. The engine reserves the associated risk at acceptance. Authenticated account access provides positions, marked PnL, funding charges and liquidation levels without a public account feed.

Withdrawals#

The account owner authorizes withdrawals from settled available collateral. Session, keeper and treasury keys don't inherit withdrawal authority. Traders don't need to buy or stake the exchange token to access their own USDC.

Owner recovery is a settlement requirement, not a feature established by the website demo. Its production verification is tracked under product status.

Product specification · October 2026