Circuit breakers

Circuit breakers & price rails

Engine-level protections that tame volatility, protect books, and minimize forced unwinds.

Price movement rails

Rail	Setting	What it does
Daily limit	±10× from start-of-day	Clamps impossible day moves
Per-update bound	±1% per ~3s oracle/mark update	Prevents sudden step changes
OI-adjusted bound	No mark update to levels that would push OI > 10× the cap	Avoids mass liquidations due to single tick

---

Leverage bands

• Status:

  • Disabled in Beta. Trove uses a fixed 1×–5× leverage range regardless of notional size.

• Future-ready:

  • The system supports size/volatility-based tapering (“bands”). If enabled later, bands will be published here with exact thresholds.