What Is BYDFi Copy Loss Protection Voucher

A Copy Loss Protection Voucher is a platform-issued compensation voucher designed for Smart Copy trading. When eligible conditions are met, the voucher can compensate actual losses generated from copy-traded positions, helping users reduce risk and copy trade with greater confidence.

Feature Definition

1. Usage Scenario

• Only applicable to Smart Copy
• Not applicable to Diverse Follow

2. Protection Mechanism

After receiving the voucher, if the first Smart Copy position opened after voucher activation incurs a loss, the loss will be compensated.

Compensation covers:

• Order PnL
• Trading fees
• Funding fees
• Liquidation costs (based on rules)

3. Special Liquidation Rules

• Multi-pair simultaneous liquidation: Loss settled at bankruptcy price; no additional liquidation fees counted
• Single-pair liquidation: Normal liquidation fees included in compensation

4. Restrictions

• One voucher can only protect one copy trade position
• Voucher usage is restricted to followers only; traders are not eligible.

How to Obtain a Copy Loss Protection Voucher

Vouchers are issued to your Copy Wallet, and compensation is also paid into your Copy Wallet.

Ways to Obtain

Event Rewards

• The voucher can be claimed after completing specified event tasks

Usage Rules

1. Compensation Conditions

• Only the first Smart Copy position opened and later closed with a loss (after voucher activation) is eligible
• Compensation amount: capped at the voucher amount

2. Opening & Validity Period

The protected position must open & close within the voucher’s valid period.

• Not opened → invalid
• Opened but not closed before expiry → invalid

3. Compensation Distribution

• Compensation is issued daily at 02:00 UTC to your Copy Wallet

4. Position-Binding Rules

The voucher is automatically bound to the first newly opened Smart Copy position after the voucher is claimed.

• Once bound, it cannot be changed
• If multiple vouchers exist, binding priority is: Earlier expiry. If expiry is identical → earlier received voucher binds first

5. Expiry Conditions

A voucher becomes invalid if:

• No position is opened before the voucher expires
• The bound position remains open after voucher expiry
• The follower becomes a trader
• The position closes with a profit (no loss to compensate)

6. Binding Logic Examples

Scenario 1

After claiming the voucher, you follow Trader A:

• Position 1: BTCUSDT (open)
• Position 2: BTCUSDT (open) ➡ Both are under Trader A and treated as the same protected position.

Scenario 2

After claiming the voucher, you follow Trader A:

• Position 1: BTCUSDT (closed)
• Position 2: BTCUSDT (new open) ➡ Only Position 1 is covered.

Scenario 3

After claiming the voucher:

• Follow Trader A: BTCUSDT (open)
• Follow Trader B: BTCUSDT (open)

➡ Only Trader A’s position is covered.

Scenario 4

You already followed Trader A and opened Position 1 before claiming the voucher:

• Position 1: BTCUSDT (open)
• Claim voucher
• Position 2 opened afterward

➡ Neither position is eligible for coverage.

Summary

The Copy Loss Protection Voucher is a risk-reducing tool designed specifically for Smart Copy users. It reimburses eligible losses on the first new copy-traded position opened after voucher activation.

With clear binding rules, compensation logic, and defined expiry conditions, this voucher helps followers manage risk and build confidence in their copy-trading journey on BYDFi.